The Growing Online Lottery Industry
The online lottery industry is expected to expand significantly in the coming years due to the rapid digitalisation of society. In 2017, approximately 49% of the world’s population had access to the internet, up from 41% in 2015. Rapid growth in the mobile phone market is also contributing to the growth of the industry, as eight out of ten people in developing nations now own a mobile phone, and this number is expected to rise steadily over time.
Online lottery is a form of gambling
Lotteries are a form of gambling that involves wagering money on the outcomes of a game. Lotteries have a long history and are played in many countries. They are easy to play and are popular among the general public.
It is regulated by a state gaming authority
There are a few ways to regulate an online lottery. The first is to have it licensed by the state gaming authority. A state gaming authority regulates a variety of different games. They determine what types of games are suitable for online wagering. The state is also responsible for overseeing the games themselves.
It is convenient
An online lottery is more convenient than traditional lottery tickets, as you do not have to travel to different outlets to purchase your tickets. Plus, you can follow draws from the comfort of your own home. You can also view your winnings without leaving your house.
It is a big craze in Japan
The Japanese government has recently made online lottery gambling legal. This means that players can access the most popular lottery games on the Internet. Most of the websites are regulated by the Malta Gaming Authority and adhere to responsible gambling standards. To play responsibly, players should contact the website’s responsible gambling body for help and information.
It is legal in 44 states
Although online lottery sales are not yet legal in every state, more states are considering them. In June, New Hampshire became the fifth state to legalize online lottery sales. Several more are expected to follow suit in the near future.
It is available in India
If you’re in India, you can play the online lottery. There are several lottery sites offering good bonus offers. Some of them use GeoTrust 128-bit SSL encryption to ensure your information is secure. Lottoland, for example, offers a 25% discount off your first Powerball ticket and also accepts PayTM withdrawals.