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Rising Internet Usage Propels Growth In Online Lottery Market: Strategic Insights Driving Online Lottery Market Momentum in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Online Lottery Market Size By 2025?
The size of the online lottery market has seen considerable growth in the recent past. This market is projected to expand from $12.68 billion in 2024 to $13.52 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth during the historical period include robust economic expansion in emerging markets, rising smartphone usage, growing popularity of online gamblin*g, and increased digitalization.
How Big Is the Online Lottery Market Size Expected to Grow by 2029?
The digital lottery market is predicted to experience considerable expansion in the upcoming years, climbing to a value of $19.43 billion by 2029, with an annual compound growth rate (CAGR) of 9.5%. This growth from now until the forecast period can be credited to the rise in internet usage, population growth, and amplified support from the government. Key trends leading up to the forecast period encompass the enhancement of access and convenience through digital platforms, growth in technological innovations, emphasis on blockchain and digital currencies, increased investments in the creation of novel lottery games, and the establishment of partnerships and strategic alliances among market entities.
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Which Key Market Drivers Powering Online Lottery Market Expansion and Growth?
The rise in the number of individuals accessing the internet is predicted to fuel the expansion of the online lottery market. Internet penetration, defined as the percentage of a nation's population with internet access, is demonstrated by the number of internet users in that country. The widespread use of smartphones and the internet has resulted in a significant increase in lottery sales conducted via mobile devices. Since an online lottery relies on a central computer linked by a telecommunications system, the increase in the number of internet users augments the growth of the online lottery market in the foreseeable future. For example, it was reported by the International Telecommunication Union, a specialist organization of the United Nations based in Switzerland, that about 67% of the world's population, which equates to 5.4 billion people, used the internet in October 2023, a rise from 5.1 billion in 2022. Thus, the growth of the online lottery market is propelled by the enhanced internet penetration.
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What Are the Key Trends Driving Online Lottery Market Growth?
The focus of online lottery providers is shifting towards the launch of mobile lottery apps to ensure reliable services for customers and enhance their position in the market. These mobile apps deliver exceptional convenience to players, giving them the freedom to play lottery games on their smartphones or tablets, no matter where they are or what time it is. This ease of access promotes more regular engagement. To illustrate, Jackpocket, an American online lottery ticket platform that enables users to buy official state lottery tickets using their mobile devices, unveiled a new lottery app in Idaho, USA, in October 2022. This makes it possible for players to engage in their beloved lottery games on their mobile gadgets. The app offers features like displaying player's tickets, sending automatic notifications for wins, and even provides prize reception through the app itself.
What Are the Emerging Segments in the Online Lottery Market?
The online lottery market covered in this report is segmented -
1) By Type: Lotto, Quizzes Type Lottery, Numbers Game, Scratch-Off Instant Games, Other Types
2) By Platform: Desktop, Mobile
Subsegments:
1) By Lotto: Traditional Lotto, Super Lotto, Multi-State Lotto
2) By Quizzes Type Lottery: Trivia Quizzes, Knowledge-Based Quizzes, Skill-Based Quizzes
3) By Numbers Game: Pick 3 Games, Pick 4 Games, Daily Numbers Games
4) By Scratch-Off Instant Games: Virtual Scratch Cards, Instant Win Games
5) By Other Types: Raffle Draws, Keno, Bingo Games
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Who Are the Global Leaders in the Online Lottery Market?
Major companies operating in the online lottery market include Camelot Group, International Game Technology Plc, The Hong Kong Jockey Club, Florida Lottery,North Carolina Lottery, Zeal Network, Lotto247, Lotto Direct, Lotto Agent, Dhankesari Lottery Sambad, Lottery Sambad Result, Takarakuji-official.jp, Ichiban Kuji Club, Lotterywest, Oz Lotteries, Baidu Inc, China Sports Lottery Operation and Management Co. Ltd., 360 Lottery, QQ Lottery, National Lottery, Jackpot.com, Betfred Lotto, Intralot SA, Française des Jeux (FDJ), EU Lotto Limited, Legacy Eight Curacao N.V., Wejdz do swiata LOTTO, Megalotto, SYNOT W, a. s., Jackpocket, Mido Lotto, Prize Pool, Scientific Games Corp, Long Game, Linq3, EMIDA Technologies, Atlantic Lottery Corporation, GammaStack, Mega Sena, Quina, Lotofácil, Dupla Sena, NeoGames S.A., Emirates Draw, Mahzooz, BuyLottoOnline, Ithuba National Lottery, wow!lotto
Which are the Top Profitable Regional Markets for the Online Lottery Industry?
Europe was the largest region in the online lottery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online lottery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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