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Global Online Lottery Market to 2023 – Focus on Draw-Based Games, Instant Games, Sport Lotteries & Others

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lottery-online Global Online Lottery Market to 2023 – Focus on Draw-Based Games, Instant Games, Sport Lotteries & OthersReading Time: 4 minutes

 

The “Online Lottery Market – Global Outlook and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.

The global online lottery market is estimated to reach revenues of more than $10 billion by 2023, growing at a CAGR of around 8% during 2017-2023.

The growing popularity of draw-based games and scratch-off instant games across European countries will positively impact the development of the global market. The increasing focus on investment intechnology, improving digital sales, and tapping on the new customer groups will propel the transformation of the market.The global online lottery market is driven by the increase in the per capita income, high adoption, growing interest, and growth of dual-income households.

Countries such as the US, the UK, Sweden, Italy, and China & SAR are the largest revenues generators in the global market. The market research report provides in-depth market analysis and segmental analysis of the global online lottery market by product, platform, and geography.

The study considers the present scenario of the global online lottery market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Online Lottery Market – Dynamics

The global online lottery market is witnessing an increasing influence of technologies in its landscape. With rapid technological advancements, vendors need to remain vigilant about the emerging tech trends. These technological trends are set to change the consumer behavior and ensure the success of the vendors during the forecast period.

Using a blockchain-based system would lead to decentralization as it would use a network of nodes comprising the players themselves.In the online lottery market, vendors who are one step ahead of their competitors in terms of implementing newer technologies, always have to offer something unique to their customers and provide players with enhanced experience.

The unprecedented growth of online gambling activities has propelled the industry players to adopt new technologies to survive the competition. One such technology which is widely making inroads to the market is the AR and VR.While many governments and financial institutions have opposed the use of cryptocurrency, the online gambling industry was quick to grab on the opportunity to use digital currency and gambling on blockchain-based gambling platforms.The global online gambling market is witnessing increased use of cryptocurrencies in making bets.

Online Lottery Market – Segmentation

This market research report includes a detailed segmentation of the market by product, platform, and geography. Draw-based games dominated approximately half of the total market share in 2017, growing at a CAGR of more than 8% during the forecast period.

The increasing shift in demand from the traditional modes of physical draw-based games to the virtual one is augmenting the growth of this segment in the global market.Sports lottery activity involves placing bets across varied sports such as football, basketball, baseball, hockey, soccer, boxing/MMA, Auto racing, and golf. Regions which have had a firm hold of the sports lottery market are Europe and China (Asia Pacific).

Desktop platforms occupied more than half of the market share in 2017, growing at a CAGR of over 5% during the forecast period. Big screen, larger content view, and a quest for learning new technology are some of the primary factors attributing to the growth of this segment in the global market.

The increased penetration of smartphones has given rise to a number of the mobile application-based lottery. The ease of convenience it offers to an end-user in gambling within the comfort of their own space is the major reason behind the segment’s growth.

Market Segmentation by Product

  • Online Draw-Based Games
  • Online Instant Games
  • Online Sport Lotteries
  • Others

Market Segmentation by Platform

  • Desktop
  • Mobile/App-Based

Online Lottery Market – Geography

The global online lottery market by geography is segmented into APAC, North America, Europe, Latin America, and MEA. Europe dominated more than half of the market share in 2017, growing at a CAGR of more than 9% during the forecast period. The increase in per capita disposable income that is fueling the discretionary spending across Europe is driving the growth of this region in the global market.APAC is fueled by the mass-gaming market in Macau, online gambling activities in the largest casino market, i.e., Macau is very small. Countries such as Japan, Hong Kong, and Australia will lead the market growth during the forecast period. Further, India is witnessing the increased popularity of online poker among end-users.

Key Vendor Analysis

The global online lottery market is highly fragmented due to the presence of various regional and international players. The continual innovations and upgrades in digital gambling domainare intensifying the competition in the global market.

The concentration in developed countries such as the Western European countries is high, while the market is in its nascent stage in developing online gambling economies such as the US and India. The leading vendors are focusing on developing new business models and focusing on diversifying their portfoliosto attract new consumers in the global market. The launch of innovative products will help players gain a larger global online lottery market share over the next few years.

The major vendors in the global online lottery market are:

  • Lotto Direct (theLotter.com)
  • LottoSend (LottoSend.com)
  • Play UK Internet (PlayHugeLottos.com)
  • Legacy Eight
  • Lotto Agent

Other Prominent Vendors

  • Ardua Ventures (onelotto.com)
  • Bmillions
  • Betpoint Group
  • Camelot
  • IGT
  • Jackpot.com
  • LotteryMaster
  • LottosOnline
  • Lottoland
  • Lotto247
  • Morpheus Games
  • Multi Lotto
  • Playtech
  • Svenska Spel
  • Tatts Group
  • Win2Day
  • Y&M Hans Management Limited
  • 1XBET
  • 24Lottos

 


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Top-6 mobile Casino Apps in 2019

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Top-6-mobile-Casino-Apps-in-2019 Top-6 mobile Casino Apps in 2019Reading Time: 3 minutes

 

The mobile casino is a way of life. Many players prefer to play online roulette, poker, baccarat, slots and many other games on their mobiles. Nowadays, any online casino and online live casino offer you the option to play your favourites games on your mobile no matter where you are. All that you need is a mobile device and access to the internet.

 

So, before you get into the Google Play, in the AppStore or sign-up directly to a slot site check the guide the lads from the slotslad.com created for you. They provide you with the top six casino apps in 2019 for a mobile casino. Decide which of them suits you more and make your choice. Then download the ideal one according to your needs.

 

  1. Slotomania

Playtika has developed a fantastic application. It is among the most popular online apps. If you check out the Slotomania’s facebook page has 14.000.000 likes! The Google Play Store has rated Slotomania with 4.4 stars.

It is also more than popular at iOS. You can download it and play for free at 160+ slots per day. You can find titles such as Magic Trixie, Grand Phoenix and many more.

  1. Wizard of Oz: Casino Slots

Wizard of Oz offers something particular. It is an app where you can find only slots. If you like to try many casino games, then that is not an application for you. However, if you want to have some cherished and vivid memories of your childhood, then download this app.

You will enjoy slots inspired by nostalgic movies. This app is available in all the mobile devices no matter if it is an iOS or Android.

  1. HugeFun: Slot Machine Games

If you want to play for free. Huge Fun is compatible with Android and iOS. You can spend some time with virtual currency and explore any slot of your preference. Download the application, make your registration and you will get 20.000.000 free coins. That is a  unique bonus to give you the ability to try as many games as you want. HugeFun is an excellent choice for any player who wants to have fun without risking any pocket money.

 

  1. Slots: Jackpot Party Casino

With more than 110 exclusive slots, that is an application that will not let you down. You can download it either on your Android or iOS device. Besides, any new player is rewarded with 6.000.000 coins! Furthermore, you can grab daily bonuses, register your participation in tournaments and hunt progressive jackpots. It is a unique experience that you have to try.

  1. Free Slots Casino – Adventures

Do you want to play for free and start with 250.000.000 coins as a registration bonus? You do not have to worry if we are joking because we don’t. Download the Free Slots Casino-Adventures, and that will become true. You do not have to risk your money. Play for free at more than 50 fantastic slots. Apply your strategy, find out the rules of any game, and become a better slot player. Do not miss the chance to take a perfect “training” at this app.

  1. Casino Games – Slots

Play for free no matter if you are online or offline! Yes, that is possible with this application. Download the Casino Games-Slots to your iOS or Android device. After that, the app works offline also.

More than 50 games are available. Besides you will get a welcome bonus of 250.000.000 free chips, free chips every 15 minutes, and more daily rewards. It is a full package that offers you action 24 hours per day no matter if you are connected or not.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Top-6 mobile Casino Apps in 2019

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Bet.Works Appoints Jay Rood As Chief Risk Officer

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JAY-ROOD Bet.Works Appoints Jay Rood As Chief Risk OfficerReading Time: 2 minutes

 

Bet.WorksTM  a US-based iGaming and sportsbook platform supplier, announced today that Mr. Jay Rood has joined the company as Chief Risk Officer.

Mr. Rood is a legendary Las Vegas gaming executive and sports betting innovator with over 25 years of experience in sportsbook operations.

Mr. Rood has had a storied career in gaming and sports betting which began in Lake Tahoe working for Caesars back in 1992. 

Mr. Rood joined MGM when it opened in December 1993 as a ticket writer and worked for the operator for over 25 years ultimately overseeing all of MGM’s sportsbooks including ten in Nevada, two in Mississippi and one in New Jersey as the expansion of sports betting has swept across the USA following the PASPA repeal in 2018.

Mr. Rood joins Bet.Works at a pivotal moment in US sports betting history as more than 30 states are expected to legalize Sportsbooks over the next 12 24 months.

Sixteen states have already passed legislation as eight states are live with eight states pending launch. The US sports betting market is estimated by Morgan Stanley to be approximately $400 billion and is comprised of an estimated 44 million US citizens who wager annually. 

Bet.Works’ Founder/CEO, David Wang, said: I had the privilege of working with Jay in the past and his 25 years of sportsbook operations will help take the company to the next level.

“There is no one more qualified to lead our organization as we deploy in more states in the coming months. Jay and our in-house Las Vegas-based trading and risk team will oversee all of the brands on the Bet.Works platform with a significant emphasis into advanced in-play wagering via our technology platform.”  

Jay Rood, Chief Risk Officer at Bet.Works, said: “I am excited to be joining a group of extremely experienced and talented individuals at Bet.Works focusing on servicing the emerging sports betting industry with unique and powerful technology and a team that has extensive knowledge in the US betting market.

“David Wang’s vision and drive is contagious, and I believe he has positioned Bet.Works to be the provider of choice for gaming operators looking to enhance their offering to their guests.”

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Bet.Works Appoints Jay Rood As Chief Risk Officer

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Iowa Racing and Gaming Commission Plans to Issue Sports Betting Regulations by July 1

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iowa-capitol Iowa Racing and Gaming Commission Plans to Issue Sports Betting Regulations by July 1Reading Time: 1 minute

 

The Iowa Racing and Gaming Commission has revealed that it is working to develop rules for sports betting. Iowa became one of the latest states in the US to legalise sports betting after the Governor signed the bill into law in May.

Administrator Brian Ohorilko said that they are planning to upload the rules on their website by July 1. He added that the commission will hold a meeting on July 30 in West Des Moines to take action on sports betting and start accepting applications from casinos interested in offering sports betting services.

“The industry is requesting a pretty aggressive timetable to have things implemented by August. We’re doing everything we can to do that, but making sure that we’re doing it the right way,” Ohorilko added.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Iowa Racing and Gaming Commission Plans to Issue Sports Betting Regulations by July 1

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