According to TechNavio’s Global Lottery Market Report (2015-2019), the value of the global lottery market in 2014 was $246.65 billion. It is expected to reach $376.87 billion by 2019. The lottery market growth is 8.85% CAGR
With the growth of the world economy, especially within APAC and Africa, and the corresponding changes within income groups, experts expect the lottery market to grow. Further, as use of mobile internet devices such as smartphones and tablets increase, expansion of the online lottery market is certain.