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Global Online Lottery Market Report 2022-2026 – Online Lottery Market Gets Lucky & Looks Forward to Incredible Growth

Published

3 years ago

May 24, 2022

Reading Time: 3 minutes

Global Online Lottery Market to Reach $14.5 Billion by 2026

The global market for Online Lottery estimated at US$8.7 Billion in the year 2020, is projected to reach a revised size of US$14.5 Billion by 2026, growing at a CAGR of 8.7% over the analysis period.

Growth in the global market has skyrocketed in recent years owing to multiple favorable factors like technological advances, rising digitalization and increasing disposable incomes. Online lottery is poised to enjoy high demand due to increasing transition towards the online platform and the gamification trend.

Market growth is also propelled by increasing per capita income, growing number of dual-income households and rising interest and uptake among people. Providers of online lottery games are investing in digitalization and advanced technology to tap the lucrative opportunity. Various countries in Europe and Asia-Pacific have provided support to online sports lottery activities like soccer, golf, auto racing, football, baseball, basketball, boxing and hockey.

The support is anticipated to present new growth opportunities for the market. Another factor positively influencing growth is increasing popularity of social media as a result of extensive penetration of smartphones and the Internet. Holding fewer restrictions in comparison to conventional marketing approaches, social media is emerged as a popular platform for product promotions and advertising for online lottery providers.

Online Draw-based Lottery Games, one of the segments analyzed in the report, is projected to grow at a 8.6% CAGR to reach US$7.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Online Sports Lotteries segment is readjusted to a revised 9.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.3 Billion in 2021, While Asia-Pacific is Forecast to Reach 4.1 Billion by 2026

The Online Lottery market in the U.S. is estimated at US$2.3 Billion in the year 2021. The country currently accounts for a 23.7% share in the global market. Asia-Pacific is forecast to reach an estimated market size of US$4.1 Billion in the year 2026 trailing a CAGR of 10.1% through the analysis period. Among the other noteworthy geographic markets are Europe and Canada, each forecast to grow at 8.2% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

By Platform Type, Desktop-Based Segment to Reach $7.5 Billion by 2026

The Desktop-based segment`s strong position can be credited to large content view, big screen and the quest to learn new technology. In the global Desktop-based (Platform Type) segment, USA, Canada and Europe will drive the 6.9% CAGR estimated for this segment.

These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$4.4 Billion by the close of the analysis period. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.2 Billion by the year 2026, while Latin America will expand at a 8.5% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

COVID-19 Impact on Global Lottery Industry
Effect of the Pandemic Lockdown on Online Lottery Market
Massachusetts Lottery Faces Risk of Becoming Obsolete Amid COVID-19 Pandemic
Gambling Industry: A Prelude
Lottery: A Key Segment of Gambling Industry
Online Lottery: Riding High on the Top of Innovation
Global Market Prospects & Outlook: Online Lottery Market Gets Lucky & Looks Forward to Incredible Growth
Online Lottery: Gut Punch for Some & Perfect Heaven for Revenue Support for Others
Rising Significance of Online Lottery in the US
Drivers Helping Online Lottery Market Step Up to Solid Game
Key Concerns and Challenges
Adverse Public Opinion about Gambling: A Major Issue Affecting Lottery Industry Prospects
Analysis by Platform Type
Regional Analysis: Europe Enjoys Frontline Position in Global Online Lottery Market
Online Lottery Gains Ground in the US amid the Pandemic
Sales of Michigan iLottery Products Surge in Michigan
Probable Ban on Online Lottery in Florida
Competitive Scenario
Recent Market Activity

2. FOCUS ON SELECT PLAYERS (Total 58 Featured)

Annexio Limited
Camelot Group
International Game Technology PLC
Jackpot.com
Lotto Agent
Lotto Direct Ltd.
Lotto247
LottoKings
LottoSend
LottosOnline
Play UK Internet
WinTrillions

3. MARKET TRENDS & DRIVERS

Advantages of Online Lottery: Galvanizing Massive Demand
Online Lottery Emerges as Favorite Gambling Pastime with Lure of Big Jackpots
Positive Aspects of Legalized Gambling Enthuse Online Lottery Market
Market Prospects Strongly Influenced by Gambling Industry Trends
Gambling Apps Contribute to the Rising Popularity of Online Lottery
Evolving Role of Cryptocurrency Encourages Market Uptake
Widespread Availability of High-Speed Internet Stirs Market Growth
Smartphone Emerges as Popular Option for Participation in Online Lottery
Increased Emphasis on Digitalization Augurs Well
Blockchain Empowers Decentralized & Transparent Operations
Big Data Steps In to Augment Online Lottery Operations
IoT Emerges as a Reliable Tool to Transform Online Lottery Market
Virtual Reality Seeks Role in Online Lottery Domain
Issues & Challenges
Regulatory Emphasis on Online Gambling Cripples Momentum
Gambling Laws in Select Countries
Nation-Wide Bans Discourage Global Expansion
Cyberattacks: Red Hot Button Issue

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

Latest News

Pavilion Payments Acquires CasinoSoft

Published

55 minutes ago

July 22, 2025

George Miller

Reading Time: 2 minutes

Pavilion Payments, the leading omnichannel payment solutions provider in the gaming industry, has acquired CasinoSoft, a trusted leader in Anti-Money Laundering (AML)/Title 31 compliance, automated tax form processing, jackpot handling and regulatory reporting software. Together, they are building a unified solution that simplifies and modernizes gaming operations.

“We have put 20 years of our heart and soul into building the CasinoSoft brand and are thrilled with the many ways this acquisition moves us to the next level. The success of our robust suite of AML/Title 31 and tax form products is evidenced by the longstanding partnerships we enjoy with our many satisfied customers throughout the industry,” said Matt Montano, Principal and Owner of CasinoSoft.

The new offering combines Pavilion Payments’ seamless player funding and payment ecosystem with CasinoSoft’s industry-leading compliance and automation software. The result is a powerful, vertically integrated platform that streamlines floor, cage and slot operations, making them faster, easier and more secure for casinos, route gaming as well as iGaming and sportsbook operators.

“CasinoSoft is the industry standard for AML/Title 31 compliance, automated tax forms, jackpot processing, and associated reporting services. With this acquisition, we plan to grow the broader Pavilion business with several new patents, innovative products, and transformative solutions that position us as the clear leader in fintech payments, cashless gaming, cage, and floor automation,” said Diallo Gordon, President of Pavilion Payments.

For more than two decades, CasinoSoft has helped casinos streamline Title 31, AML, tax forms and jackpot workflows, keeping operations audit-ready and freeing up staff to focus on the guest experience. By joining Pavilion Payments, CasinoSoft expands its ability to deliver end-to-end compliance and payment solutions within a single, connected system, reducing manual steps and increasing automation.

“At Pavilion Payments, we pride ourselves on offering our partners and customers a vibrant and diverse portfolio of products and services. The addition of CasinoSoft’s products to our lineup furthers our delivery on that goal. We’re delighted to add CasinoSoft to our team and look forward to delighting our customers with them,” said Dan Connors, CEO of Pavilion Payments.

The post Pavilion Payments Acquires CasinoSoft appeared first on European Gaming Industry News.

Latest News

TigonBet Enters Kenya’s Betting Market

Published

55 minutes ago

July 22, 2025

George Miller

Reading Time: < 1 minute

TigonBet, a digital sportsbook and casino platform, has officially entered the Kenyan Betting Market.

With gamified features, swipe-to-bet tech and lucrative tournaments, this new platform is putting the fun back in betting, offering speed, interactivity and mobile usability.

TigonBet is backed by a bold brand identity the “Tigon,” a hybrid of lion and tiger. The platform is aiming to blend entertainment with strategic play, catering to both sports bettors and casino enthusiasts.

At the core of TigonBet’s user experience is a Tinder-style swipe feature that allows punters to scroll through match options and betting markets quickly. Built for mobile-first users, the interface reduces friction and aims to make browsing and betting more intuitive.

TigonBet also introduces a tournament system where players can compete in live leaderboards. Whether betting on sports or spinning in the casino, users can climb rankings and win prizes from airtime and smartphones to consoles and TVs. The system is performance-based, meaning consistency is rewarded over high spending.

The post TigonBet Enters Kenya’s Betting Market appeared first on European Gaming Industry News.

Latest News

Conjure Up Magical Wins in BGaming’s Cat’s Soup

Published

55 minutes ago

July 22, 2025

George Miller

Reading Time: < 1 minute

Rapidly expanding content provider casts a spell on players with charming new slot Cat’s Soup

Popular iGaming content provider BGaming is stirring up some magic on the reels with the release of its enchanting new slot, Cat’s Soup.

Players are invited into the lair of a playful feline wizard as he brews up a storm across the reels. This captivating 3×3 slot combines classic gameplay with a charming alchemy theme, brought to life by cartoonish graphics and a whimsical soundtrack.

Conjure up magical multipliers and spellbinding Bonus sequences in this simple but incredibly effective slice of slot action. The game’s colourful design and accessible gameplay make it perfect for short, fun sessions, while its magical theme is bound to evoke a sense of nostalgia among millennial players.

In a unique twist, Cat’s Soup keeps the gameplay fresh by using a recipe system that shifts up the patterns required to trigger the bonus round every ten spins. The slot also features a Buy Bonus option for those who want to unleash the magic straight away.

Nikita Zavadsky, Custom Games Product Owner at BGaming, said: “Magic, potions, and cats are popular themes, so we thought, why not combine all three? Cat’s Soup may look like a simple 3×3 slot, but it has plenty of tricks up its sleeves. We are particularly proud of the recipe feature, which does an excellent job of shaking up the gameplay.

Our goal with Cat’s Soup was to create an easy-going slot that was perfect for short-playing sessions and that delivered a healthy dose of nostalgia, and we believe we have achieved that.”

The post Conjure Up Magical Wins in BGaming’s Cat’s Soup appeared first on European Gaming Industry News.