Whether you want to win big or just have some fun, lotteries are a great way to do it. These games are simple to play and offer big prizes. They are also a popular way to raise money for charitable causes.
Lottery has been around for a long time. It traces its origin back to the time of the Roman Empire. There were several religious congregations that used lotteries to raise funds. However, it wasn’t legal until the 1770s.
Several countries around the world now have active lottery programs. Usually, money raised from lotteries is set aside for public projects. However, they are also used for local causes.
Lotteries are typically run by city or state governments. There are also some scratch-off tickets that are available around the world. They can also be played online.
North America is the largest lottery market. It has a 26% market share. It is estimated that the region will continue to be the largest market during the forecast period. It also has the fastest growing sub-segment. The region is expected to grow at a CAGR of more than 9%.
Asia Pacific is expected to witness strong traction in online lottery during the period from 2018 to 2023. Countries in this region are expected to grow at a CAGR of 9%. However, they will be impacted by increasing competition in the industry.
Europe is expected to grow at a CAGR over 9%. This will drive the growth of the market. Several countries in Europe are expected to be the leading revenue generators. The growth of online poker will also boost revenues in this region.