$11.1 billion from global online lottery industry through 2027

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DUBLIN, September 21, 2020 /PRNewswire/ — The “Online Lottery – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

The editor brings years of research experience to the 9th edition of this report. The 279-page report presents concise information on the impact of the pandemic on production and buyers for 2020 and 2021. A gradual near-term recovery by key geography is also discussed.

Global online lottery market to reach US$11.1 billion by the year 2027

Amid COVID-19 crisis, Global Online Lottery Market Estimated at US$7.1 billion in 2020, is expected to reach a revised size of US$11.1 billion by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027.

Draw-based online lottery games, one of the segments analyzed in the report, are expected to grow at a CAGR of 6.6% to reach US$5.3 billion at the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the online sports lotteries segment is readjusted to a revised CAGR of 7.4% for the next 7-year period. This segment currently accounts for a 23.2% share of the global online lottery market.

The United States accounts for more than 28.9% of the global market size in 2020, while China is expected to grow at a CAGR of 10.4% for the period 2020-2027

The online lottery market in the United States is estimated at 2 billion US dollars in the year 2020. The country currently accounts for a 28.89% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$2.1 billion in 2027, growing at a CAGR of 10.3% through 2027. Other notable geographies include Japan and Canada, each expected to grow by 3.7% and 6.1% respectively over the 2020-2027 period. In Europe, Germany is expected to grow at around 4.3% CAGR while the rest of the European market (as defined in the study) will reach US$2.1 billion by 2027.

The online instant lottery game segment represents a share of 16.9% in 2020

In the global online instant lottery gaming segment, United States, Canada, Japan, China and Europe will drive the CAGR of 5.3% estimated for this segment. These regional markets representing a combined market size of US$899 million in the year 2020 will reach a projected size of US$1.3 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$1.5 billion by 2027, while Latin America will increase at a CAGR of 7% over the analysis period.

Competitors identified in this market include, but are not limited to:

  • 1xbet (Exinvest Limited)
  • 24Lottos (Maxton Ltd.)
  • AB Svenska Spel
  • Bepoint Group
  • Camelot Group
  • IGT
  • Jackpot. com
  • Legacy Eight Ltd. (Bahamian)
  • LotteryMaster
  • Lotto agent
  • Lotto Direct Ltd.
  • Loto247
  • Lottoland
  • LotoSend (Slovakia)
  • LotosOnline
  • Multiloto. com
  • OneLotto
  • PlayHugeLottos. com
  • Playtech API
  • Tatts Group Limited

Main topics covered:

I. INTRODUCTION, METHODOLOGY AND SCOPE OF THE REPORT

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of Covid-19 and a looming global recession
  • Global market shares of competitors
  • Global Online Lottery Competitor Market Share Scenario (%): 2018E

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETETION

  • Total number of companies profiled: 43

For more information on this report, visit https://www.researchandmarkets.com/r/6y8ii

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Research and Markets
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SOURCE Research and Markets

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