Online Lottery - G7

  • G7
  • Revenue in the Online Lottery market is projected to reach US$11.77bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.59%, resulting in a projected market volume of US$14.63bn by 2028.
  • In the Online Lottery market, the number of users is expected to amount to 23.9m users by 2028.
  • User penetration will be 0.00 in 2024 and is expected to hit 0.00 by 2028.
  • The average revenue per user (ARPU) is expected to amount to US$0.59k.
  • In global comparison, most revenue will be generated in the United States (US$5,743.00m in 2024).
  • With a projected rate of 6.5%, the user penetration in the Online Lottery market is highest in South Korea.

Key regions: Asia, Japan, South Korea, United States, Europe

 
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Analyst Opinion

The Online Lottery market in G7 has been experiencing significant growth in recent years. Customer preferences for convenience and the increasing popularity of online gambling have been driving this trend. Additionally, several local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences have played a crucial role in the growth of the Online Lottery market in G7. The convenience of being able to participate in lottery games from the comfort of one's own home has greatly appealed to customers. Online platforms offer a wide range of lottery games, allowing customers to choose from various options and find the one that suits their preferences. Furthermore, the ability to purchase lottery tickets online eliminates the need to physically visit a retail location, saving time and effort. Trends in the market have also influenced its development in G7 countries. One notable trend is the increasing popularity of mobile gambling. With the widespread use of smartphones and tablets, more and more customers are opting to play lottery games on their mobile devices. This trend has been further fueled by the availability of user-friendly mobile apps that provide a seamless and immersive gambling experience. As a result, online lottery operators have been investing in mobile platforms to cater to this growing segment of customers. Local special circumstances have also played a role in shaping the Online Lottery market in G7. In some countries, such as the United Kingdom, the government has implemented favorable regulations and licensing requirements for online gambling operators. This has created a conducive environment for the growth of the online lottery market. Additionally, the presence of established lottery operators in G7 countries has helped to build trust and credibility among customers, further driving the market's development. Underlying macroeconomic factors have also contributed to the growth of the Online Lottery market in G7. Economic stability and disposable income levels play a significant role in determining consumer spending on leisure activities, including gambling. As the economies of G7 countries have generally been stable, consumers have had more disposable income to spend on online lottery games. Moreover, the increasing penetration of internet access and the growing acceptance of online transactions have made it easier for customers to participate in online gambling activities. In conclusion, the Online Lottery market in G7 has been experiencing significant growth due to customer preferences for convenience and the increasing popularity of online gambling. The availability of a wide range of lottery games on online platforms, the rise of mobile gambling, favorable regulations, established lottery operators, economic stability, and the growing acceptance of online transactions have all contributed to the market's development.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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