Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

Online Lottery Wagers to More than Double, Reaching $76 Billion by 2022, as Mobile Drives Demand

New markets & innovation deliver growth of 160%

 

Hampshire, UK - March 21, 2018 (Investorideas.com Newswire) A new study from Juniper Research has found that online lotteries will be disrupted by the opening up of markets coupled with a drive towards mobile offerings. Wagers placed on online lotteries will increase from $29 billion in 2017, to $76 billion by 2022 with mobile devices accounting for more than half of this by 2022.

For more insights, download the free whitepaper: 3 Disruptors to Boost Online Gambling Revenues,

New Markets Emerge

Mobile & Online Gambling: Casinos, Lotteries, Betting & VR 2018-2022, found that there will be a doubling of digital lottery users, from 317 million in 2018, to 624 million by 2022, driven largely by the Far East & China. The research anticipates that the considerable Chinese online lottery industry will re-emerge during the period, alongside the launch of a South Korean digital lottery this year.

Western markets face disruption too. Juniper believes that the US is on the cusp of a wave of legislation that will facilitate online gambling, following Pennsylvania's landmark decision to allow such activities in October 2017. Juniper also identifies New Jersey, New Hampshire, West Virginia, and Illinois as those set to follow. For state-run lotteries, legalisation will likely allow online delivery, as well as pools between states, further driving participation.

Disruptors Challenge Traditional Players

However, the research found constraints, with traditional lottery providers, often monopolies in their home markets, now facing increased competition. Research author Lauren Foye explained:

"The rise of lottery betting providers will concern traditional players; Juniper calls attention to Lottoland, which saw revenues of $320 million in 2016. The company enables users to effectively 'bet' on a range of lotteries globally, users pay to enter and pick the required numbers. Whilst customers do not buy a physical ticket, Lottoland's insurance model pays out on any wins, should they occur."

Juniper found that these activities are a draw for consumers seeking better odds or jackpots from international games, and as such, advises traditional providers to re-evaluate prize structures and entry fees.

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

Contact:

sam.smith@juniperresearch.com
www.juniperresearch.com


GamingIndustryStocks.com - investing ideas in gaming stocks, gambling and casino stocks, game publishers and developers stocks

Like Gaming Stocks? View our Gaming Stocks Directory


More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Please read Investorideas.com privacy policy: http://www.investorideas.com/About/Private_Policy.asp