Online Lottery - Belgium

Belgium

Highlights

Revenue in the Online Lottery market is projected to reach US$109.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.89%, resulting in a projected market volume of US$132.70m by 2029.
In the Online Lottery market, the number of users is expected to amount to 278.2k users by 2029.
User penetration will be 1.8% in 2024 and is expected to hit 2.3% by 2029.
The average revenue per user (ARPU) is expected to amount to US$509.50.
In global comparison, most revenue will be generated United States (US$4.39bn in 2024).
With a projected rate of 6.5%, the user penetration in the Online Lottery market is highest South Korea.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Lottery market in Belgium has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Belgian customers have shown a growing interest in online lottery games due to several factors. Firstly, the convenience of being able to play from the comfort of their own homes is a major draw. Online platforms provide easy access to a wide variety of lottery games, eliminating the need to visit physical lottery outlets. Additionally, the ability to play at any time and from anywhere using mobile devices has made online lottery games even more appealing to customers.

Trends in the market: One of the key trends in the online lottery market in Belgium is the increasing popularity of international lottery games. Belgian customers are now able to participate in major global lotteries such as the EuroMillions, Powerball, and Mega Millions, thanks to online platforms. The opportunity to win huge jackpots from these international lotteries has attracted a significant number of Belgian players. Another trend in the market is the introduction of innovative features and game formats. Online lottery operators have been constantly innovating to keep customers engaged and excited. This includes features such as syndicate play, where players can join forces and increase their chances of winning, and instant win games that provide immediate gratification.

Local special circumstances: Belgium has a well-regulated online gambling market, including online lottery games. The government has implemented strict regulations to ensure the safety and security of players. This has created a sense of trust among customers, leading to increased participation in online lottery games. Furthermore, the Belgian National Lottery, known as Loterie Nationale, plays a significant role in the online lottery market. Loterie Nationale offers a wide range of lottery games, including both national and international options. Its strong brand presence and reputation have contributed to the growth of the online lottery market in Belgium.

Underlying macroeconomic factors: The overall economic stability and disposable income of the Belgian population have also played a role in the development of the online lottery market. Belgium has a relatively high per capita income, which allows individuals to spend on leisure activities such as online lottery games. Additionally, the growth of the digital economy and increasing internet penetration have provided a favorable environment for the expansion of the online lottery market. In conclusion, the Online Lottery market in Belgium is growing due to customer preferences for convenience and accessibility, the popularity of international lottery games, the introduction of innovative features, the trust in the well-regulated market, the strong presence of Loterie Nationale, and the underlying macroeconomic factors of economic stability and disposable income.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.

Modeling approach:

Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.