The Online Lottery Market is estimated to be worth $1.5 billion by 2027. This projection is based on the actual numbers of key players and the trends in the previous five years. However, there are exceptions and regional lockdown analyses that will be presented in 2020. Rising digitization and internet access are driving this industry. By 2021, it is expected that 60% of the world’s population will have access to the Internet.
The growing number of smartphone users has resulted in the growth of mobile based Online Lottery games. These games are easier to operate and can be accessed from any location. This convenience factor has led to the increased market share of mobile based Online Lottery games. The Europe region is expected to dominate the market with a 56% share by 2021, and is projected to expand at a CAGR of 8% during the forecast period. The rise in per capita income across the continent is another factor driving this growth.
While playing online lottery games can be fun, there are a few risks you should be aware of. First, there is the possibility that you could be scammed. Always use a reliable lottery site and make sure you know exactly who is dealing with your money. You can also check the legitimacy of a lottery website by checking its licensing status and the terms and conditions.