DUBLIN, September 21, 2020 / PRNewswire / – The “Online Lottery – Global Market Trajectory and Analysis” report has been added to 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 the buy side for 2020 and 2021. A short-term gradual recovery by key geography is also discussed.
Global Online Lottery Market To Reach US $ 11.1 billion by 2027
Amid the COVID-19 crisis, the global online lottery market estimated at 7.1 billion US dollars in 2020, is expected to reach a revised size of US $ 11.1 billion by 2027, with a CAGR of 6.6% over the analysis period 2020-2027.
Online draw-based 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 the induced economic crisis, the growth of the online sports lottery segment is readjusted to a revised CAGR of 7.4% for the next 7-year period. This segment currently represents a 23.2% share of the global online lottery market.
The United States accounts for over 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 US $ 2 billion in 2020. The country currently represents a 28.89% share of the world market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 2.1 billion during the year 2027, with a CAGR of 10.3% through 2027. Other notable geographies include Japan and Canada, each forecasts growth of 3.7% and 6.1% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 4.3% CAGR while the rest of the European market (as defined in the study) will reach US $ 2.1 billion by 2027.
Online instant lottery games segment holds 16.9% share in 2020
In the global online instant lottery games segment, United States, Canada, Japan, China and Europe will result in the estimated 5.3% CAGR for this segment. These regional markets representing a combined market size of US $ 899 million in 2020 will reach a projected size of US $ 1.3 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 1.5 billion by 2027, while Latin America will increase at a CAGR of 7% throughout the analysis period.
Competitors identified in this market include, among others:
- 1xbet (Exinvest Limited)
- 24Lotos (Maxton LtÃ©e)
- AB Svenska Spel
- Betpoint Group
- Camelot Group
- Jackpot. com
- Legacy Eight Ltd. (Bahamas)
- Lottery agent
- Lotto Direct Ltd.
- LotoSend (Slovakia)
- Multilotto. com
- Play HugeLottos. com
- Playtech API
- Tatts Group Limited
Main topics covered:
I. INTRODUCTION, METHODOLOGY AND SCOPE OF THE REPORT
1. MARKET OVERVIEW
- Impact of Covid-19 and an impending global recession
- Market shares of global competitors
- Market share scenario of online lottery competitors in the world (in%): 2018E
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total number of profiled companies: 43
For more information on this report, visit https://www.researchandmarkets.com/r/6y8ii
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SOURCE Research and Markets