The Future of Online Lottery: Trends and Predictions
Online lottery has been steadily growing in popularity over the past few years, and experts predict that this trend will only continue to rise in the future. With the convenience of being able to purchase tickets from the comfort of your own home, more and more people are turning to online lottery as their preferred method of playing.
According to a report by Research and Markets, the global online lottery market is expected to reach $14.5 billion by 2026, with a CAGR of 7.8% during the forecast period. This shows just how much potential there is for growth in this industry.
One of the key trends in the future of online lottery is the use of blockchain technology to ensure transparency and security in transactions. As blockchain expert William Mougayar said, “Blockchain technology has the potential to revolutionize the online lottery industry by providing a secure and transparent platform for players to participate in.”
Another trend to watch out for is the increasing popularity of mobile lottery apps. With more and more people using their smartphones for everyday tasks, it only makes sense that lottery companies would develop apps to cater to this growing market. According to a report by Juniper Research, mobile lottery app downloads are expected to reach 8 billion by 2022.
In terms of predictions, many experts believe that online lottery will continue to grow in popularity as more countries legalize online gambling. As Keith Whyte, Executive Director of the National Council on Problem Gambling, stated, “The future of online lottery looks bright as more and more countries are seeing the benefits of regulating this industry.”
Overall, the future of online lottery looks promising, with trends such as blockchain technology and mobile apps driving growth in the industry. As more people embrace the convenience of playing online, we can expect to see even more innovation and growth in the years to come.