Online lottery is a form of gambling where players bet money and win prizes by chance. These games are operated by the government or private businesses and involve a computer network and telecommunications system. They are generally run by the same companies that also run physical lotteries.
Online Lottery Market: Overview & Forecasts (2019-2028)
The online lottery industry is expected to grow significantly during the forecast period due to its popularity among the general public and the growing number of players worldwide. This market is expected to be worth USD $3.4 billion by 2028, at an estimated CAGR of 6.5% during the forecast period.
The online lottery industry is primarily regulated by the country’s laws, such as anti-money laundering and consumer protection. These policies are designed to protect players from fraudulent activities. However, these policies are subject to change, so it is important to check them regularly to stay up-to-date with the latest regulations.