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

George Miller

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Global Online Lottery Market to 2023
Image Source: Svenskacasinon.co
Reading 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

 

George Miller 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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The Only Free Spins Guide Any Online Casino Lover Needs

Zoltan Tundik

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Photo by Fancycrave.com from Pexels
Reading Time: 4 minutes

 

Every online casino you stumble upon has free spins and offers to lure new clients into investing a truckload of money on their website. Everyone loves the idea of making a fortune by simply playing a good game of poker or roulette on your PC or mobile phone. However, free spins are more than simply having a stroke of luck; they are calculated promotional strategies aiming to increase their business. Free spins require no deposit fee, all you need is to create an account, register, and bam – you’re done. Here are a few simple tips that every casino lover needs to know.

Different Types of Free Spins

Before we move on to the intricacies of free spins, let’s get over with the basics. There are three fundamental types of free spins that gamblers can access across online casinos.

The free spin deposit bonus comes as a part of the periodical bonus offers. They usually have a high wagering amount and have equally challenging requirements. Check the features and factors of the offer before you make a choice.

The second type, the no deposit free spins are free and often used as a promotional strategy that is most popular amongst casino visitors. The sign-ups are free; however, you might be required to pay a minimum amount when it comes to making a withdrawal.

The final type requires you to pay a fee, you can avail extra free spin though.

Know more about free spins; check out this no deposit free spins list.

Online Casino Bonus and Free Spins

Free spins and bonuses have tempted gamblers from around the world into playing with their money and placing bets. However, online casinos are not as random as one deems them to be.

Free spins can either be part of a promotional scheme or given away as a bonus round to players who have invested a considerable amount and reached a specific level in their game. To access the no deposit free spin you have to create an account, set the amount and you can use it whenever you log in.

Some virtual casinos have the option where the client has to pay a nominal fee to play the free spin. You also have to see whether the winnings from the spin or bonus round are cashable or not. It would be a waste if your earnings were added to your account but couldn’t be withdrawn upon request.

Win Real Money with Virtual Spins

Yes, you read that right. Even if you’re playing on the virtual platform and there’s no real money involved, you can earn some real cash and quickly too. Any winnings that you earn from the spins are added to your balance. What’s more, this amount is cashable- you can withdraw the money anytime you want. Some platforms, however, give you the benefits but do not allow users to access it completely. There is a chance these offers might come with some wagering requirements. These requirements are varied and depend on factors like turnover and spin through. This means you need to spin a set number of times before you get a free spin. It can go from anywhere between 0-30, the lower the number the better it is. There are plenty of other offers other than free spins playthroughs and maximum cash-outs that can get you some quick money.

Advantages of a No Deposit Bonus

Free spins are a win-win situation for everyone who tries it out. Let’s put it this way. Free spins are free, they cost you nothing, there is no risk involved and all the chances of hitting a jackpot! If that’s not lady luck smiling down upon you, we don’t know what is.

You can win quite a bit of money in a matter of mere seconds by taking advantage of the free bonus spins offered to you. All you need is to register with the casino, create an account, pick a game and spin away. Moreover, if it’s truly your lucky day, you might make millions from a single spin while sitting in comfy PJs in your home.

That’s the dream right? Listed below are a few benefits of casino free spins and reasons why you should definitely try them out.

  • You can avail free spins in more than one game from a single casino on a single account and get to keep the profits.
  • You can play with real money without the obligation to pay a dime if things don’t turn out your way
  • Free spins are almost always without any additional conditions attached, they’re transparent and there purely for expanding the business by offering guests tempting offers they just cannot resist.

Some disadvantages:

  • Oftentimes, you have to reach a certain spin or time limit to get a free bonus spin
  • Most free spins are waged on the lowest coins
  • Sometimes even the slot choices are limited

The Bottom Line

Online casinos are the best and the easiest ways to make some quick cash if you have the brains and the patience for it. It’s not sheer dumb luck that earns you a fortune; a good gamble also requires meticulous thinking and in-depth planning. You need to think through every decision you’re about to take, think about the consequences and its effect on your game. Free spins and online bonus rounds give you the golden opportunity to make money with minimum risks involved.

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GiG applies for Spanish licence as part of expansion in regulated markets

George Miller

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GiG applies for Spanish licence as part of expansion in regulated markets
Reading Time: 2 minutes

 

Gaming Innovation Group Inc. (GiG) has applied for an online B2C casino and sports betting licence in Spain as part of its expansion in regulated markets. GiG will, as part of the licencing process, certify its B2B technical platform and offer its services and solutions to external licensed operators in the Spanish market.

GiG will enter the Spanish market with both its B2C and B2B offering and is aiming to launch in H2 2019.

Gambling is an important part of Spanish culture. The country has one of the highest per capita spending in Europe and has consistently grown during the past 20 years. Spain regulated online gambling on a national level in 2011, the offline to online transition is further driving growth, especially in sports betting. Total Gross Gaming Revenue in Spain in 2017 was approximately $10bn, of which online gambling was 10%.  Forecasts expect this to rise to more than 15% by 2023*. Spain is looking into harmonising regulation relating to responsible gaming and gambling advertising, in line with other regulated markets, increasing player safety and market sustainability.

GiG is well positioned for the market opportunity in Spain covering all verticals in the iGaming value chain, supporting operators’ growth with its full turnkey solutions and with cutting edge services, products and solutions which can be optimised for bespoke operator requirements.

GiG currently holds licences in Malta, UK, New Jersey, Germany: Schleswig-Holstein and also has two pending licences in Sweden.

*Source: H2GC

 

About Gaming Innovation Group (GiG):

Gaming Innovation Group Inc. is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through the ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG.

 

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National Casino Forum Sets Up New Board To Promote Diversity And Inclusion In The Industry

George Miller

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National Casino Forum Sets Up New Board To Promote Diversity And Inclusion In The Industry
Tracey Stevenson, chair of DICE.
Reading Time: 2 minutes

 

The National Casino Forum, which represents all the UK’s land-based operators, has launched a new initiative to promote diversity and inclusion in the casino sector.

DICE (Diversity and Inclusion for Career Enhancement) is a new seven-member board, whose role will be to create greater awareness within the industry of the issue and to help operators combat unconscious bias in recruitment, retention and promotion.

DICE will begin by collating data from the casino sector to assess the current employment landscape and whether operators are recruiting inclusively. It will also look at career opportunities for women and members of the BAME community within the sector and representation at management and senior management level.

DICE will provide strategic leadership to develop and implement diversity and inclusion programs, leading engagement within the casino sector to advise on best practice and support operators in promoting a culture of diversity and inclusion in the UK casino sector. It will identify any potential barriers which are preventing them from doing this and develop initiatives to overcome them.

The board will map progress made by the casino sector, consulting with industry leaders on any help they might need to promote best practice in their businesses and sponsoring further research into any obstacles which are preventing the casino sector from offering equal opportunities to all.

Two well-attended industry workshops have already taken place, the most recent being in September, which was designed for middle management to address the issue of unconscious bias in the workplace.

Chaired by Tracey Stevenson, General Manager Compliance and Integrity at Crown London Aspinalls, the other board members are: Mike Rothwell, Managing Director, Caesars Entertainment EMEA; Marieanne Carmody-Weir, Head of Regulatory Compliance and Audit, Aspers UK; David Livermore, Compliance and Security Director, Les Ambassadeurs; Alison Sullivan, General Manager, Park Tower – Grosvenor; David Smith, Gaming Director, The Hippodrome Casino and Tracy Damestani, CEO National Casino Forum.

Tracey Stevenson, chair of DICE, said:
“The UK’s casinos are great places to work and offer fantastic career opportunities. We want them to become known as equal opportunities employers, where everyone has the chance to progress their career, regardless of gender or ethnicity. We want casinos to reflect the communities in which they operate, not just on the gaming floor but at boardroom level too.

“DICE can help advise operators on how to hire inclusively and to understand what training and awareness is needed for staff at all levels. We will promote a positive vision of the casino sector, which will enhance how we recruit, retain and inspire our employees”.

 

The National Casino Forum represents the UK’s land-based casino operators. It promotes a well-regulated, socially responsible and commercially successful casino industry. Its vision is to make the UK the most attractive destination in the world for casino gaming.

Casinos are an integral part of the UK’s entertainment, hospitality and leisure sector. Operators are committed to caring for their customers and giving the public, the government and the regulator confidence in the way they conduct business.
The NCF’s role is to encourage and highlight best practice in the industry. Its runs forums to promote innovation and promote the safe gambling agenda.

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