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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Lottery Market Share
As per the lottery market analysis, online lottery has gained prevalence in the past few years with advancements in internet connectivity, smart devices, and technologies. The increasing demand for online entertainment and gaming has also favoured the segment’s growth.
Besides, the widespread adoption of smart devices and increased internet accessibility are major factors influencing the popularity of online lottery. As per the World Population Review, the increase in smartphone users has propelled internet usage from 43.7% to 55% in 2018-2023. Moreover, its data suggests that by 2025, approximately 72.6% of global smartphone users are expected to exclusively access the internet through their mobile devices.
Lottery Market Report Snapshots
Lottery Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 315.18 billion.
The market is assessed to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 452.94 billion by 2032.
The major market drivers are the increasing popularity of online lotteries and the surging accessibility to the internet and smart devices.
The growing trend of personalisation, improving regulatory compliance, and the shift from retail to omnichannel lottery sales are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of lottery are terminal-based games, scratch-off games lottery, and sports lotteries, among others.
The key players in the market include Camelot Group., Scientific Games, LLC, International Game Technology PLC, China LotSynergy Holdings Ltd., Lotterywest, Florida Lottery, Lotto NZ, New York State Gaming Commission, Vantage Enterprises Limited (Lotto247), and PLAYUKINTERNET N.V. among others.
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