Online Lottery - Cameroon

Cameroon

Highlights

Revenue in the Online Lottery market is projected to reach US$27.76m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.60%, resulting in a projected market volume of US$34.53m by 2028.
In the Online Lottery market, the number of users is expected to amount to 51.2k users by 2028.
User penetration will be 0.1% in 2024 and is expected to hit 0.2% by 2028.
The average revenue per user (ARPU) is expected to amount to US$712.30.
In global comparison, most revenue will be generated United States (US$5.74bn in 2024).
With a projected rate of 6.6%, the user penetration in the Online Lottery market is highest South Korea.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Lottery market in Cameroon is experiencing significant growth and development. Customer preferences for online lottery games have been a key driver in this market expansion. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the overall growth of the Online Lottery market in Cameroon. Customer preferences in Cameroon have shifted towards online lottery games due to their convenience and accessibility. With the increasing use of smartphones and internet penetration in the country, more people are opting for online platforms to participate in lottery games. This trend is not unique to Cameroon, as it is a global phenomenon driven by the digital transformation of various industries. The ease of accessing online lottery platforms allows customers to play at their own convenience, without the need to physically visit a lottery retailer. Furthermore, online platforms offer a wider variety of lottery games, providing customers with more options to choose from. In addition to customer preferences, there are several trends in the Online Lottery market in Cameroon that are contributing to its growth. One such trend is the introduction of mobile lottery applications. Mobile apps have become increasingly popular among customers, as they provide a seamless and user-friendly experience. These apps allow users to easily purchase lottery tickets, check results, and receive notifications about upcoming draws. The convenience and accessibility of mobile apps have attracted a large number of customers to participate in online lottery games. Another trend in the market is the introduction of innovative lottery games and features. Online lottery operators in Cameroon are constantly introducing new games and features to attract and retain customers. These innovations include special draws, bonus games, and interactive features that enhance the overall gaming experience. By offering unique and engaging games, online lottery operators are able to differentiate themselves from their competitors and attract a larger customer base. Local special circumstances in Cameroon have also contributed to the growth of the Online Lottery market. The country has a relatively young population, with a high percentage of internet users. This demographic is more likely to engage in online activities, including online lottery games. Additionally, the government in Cameroon has implemented regulations and policies that support the growth of the online gambling industry, including lottery games. These favorable policies have created a conducive environment for online lottery operators to thrive in the market. Underlying macroeconomic factors have also played a role in the development of the Online Lottery market in Cameroon. The country has experienced steady economic growth in recent years, leading to an increase in disposable income among the population. As a result, more people have the financial means to participate in online lottery games. Additionally, the rising middle class in Cameroon has contributed to the growth of the market, as this demographic is more likely to engage in leisure activities such as online lottery games. In conclusion, the Online Lottery market in Cameroon is experiencing significant growth and development. Customer preferences for online lottery games, along with trends in the market, local special circumstances, and underlying macroeconomic factors, have all contributed to this growth. As the market continues to evolve, online lottery operators in Cameroon will need to adapt to changing customer preferences and continue to innovate in order to stay competitive.

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. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.