Online Lottery Market Forecast, Growth and Opportunity

Gambling Feb 16, 2023

Online lottery sites are a great way to play lotteries without leaving the comfort of your home. It saves you time and money, plus it allows you to play a wider variety of games. However, it is important to choose an online lottery site that is safe and secure. It also has a good reputation for paying out winners.

Online Lottery Market Forecast, Growth and Opportunity

The online lottery market is expected to grow at a CAGR of 8% through 2021. This is due to the increasing popularity of online gambling, particularly in the Asia Pacific region. The increased usage of internet services and modification of rules governing online betting and gaming are some of the major drivers of this market.

The market for online lottery is currently dominated by Europe, which accounts for over half of the global online lotto market. This region is growing at a rapid rate due to the expansion of economies and increase in expenditure on leisure activities. The rising number of smartphone users is another factor that will fuel the growth of the online lottery industry in the future.