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Global Lottery Market to Garner $325.8 Million by 2026, Rising with a CAGR of 9.4% during the Forecast Period [190-Pages] | Research Dive

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A latest report on the global lottery market published by Research Dive sheds light on the impact of COVID-19 pandemic on the current and future scope of the market. This report is a useful study for stakeholders, investors, market participants, and new entrants in the search of comprehensive insights on the impact of COVID-19 on the market growth.

Key Highlights of the Report:

The COVID-19 pandemic has had a negative impact on the growth of the global lottery market in 2020. As per the report, the global market garnered $157.7 million in 2018 and is estimated to exceed $325.8 million, rising at a CAGR of 9.4% by 2026. In the present situation, the market size has declined owing to the closure of several lottery places amidst the pandemic.

Factors Impacting the Market Growth during the COVID-19 Crisis:

The global lottery market has witnessed deterioration in growth due to implementation of restrictions on recreational and other fun activities by government of various nations to avert the spread of the virus during pandemic period. However, the adoption of online channels for gambling by many people is likely to boost the market growth in the coming period.

Current Face of the Market Due to COVID-19:

Before the outbreak of the pandemic, the market was estimated to garner $191.7 million in 2020. In the present situation, the market size has declined and reached up to $115.0 million in 2020.

Some of the leading market players are:

  1. MDJS
  2. INTRALOT
  3. Florida Lottery
  4. Camelot Group
  5. Mizuho Bank Ltd.
  6. Francaise des Jeux
  7. Hong Kong Jockey Club
  8. Loterías y Apuestas del Estado
  9. California Lottery
  10. Singapore Pools. and others.

The key players in lottery market are making strategic investments in casinos and online lottery applications for recuperating the industry from the incurred losses. Moreover, rising applications of artificial intelligence as well as machine learning in numerous online lottery platforms is likely to unlock profitable opportunities for the global market after the relaxation of the pandemic. The market is expected to recuperate from the incurred losses by the second or third quarter of 2023.

Future Lookout of the Market:

According to the report, the global lottery market is anticipated to witness significant growth after the end of the COVID-19 pandemic, owing to the rising investments by market players in R&D activities, partnerships, and new developments in the market. The market players are coming up with cutting-edge developments and paving way for rewarding opportunities for the market growth. For instance, in November 2021, Illinois Lottery, an American lottery for the U.S. state of Illinois, operated by Camelot Illinois, launched Fast Play® Online, a novel and suitable method to play the popular retail draw game.

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Endorphina Now Licensed B2B Gaming Supplier in Ontario

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Endorphina Limited, a leading provider of certified online slot games, has successfully obtained a Gaming-Related Supplier registration in Ontario, Canada, one of the most regulated iGaming markets globally.

The registration, issued by the Alcohol and Gaming Commission of Ontario (AGCO), authorizes Endorphina to supply its gaming content to licensed operators within the province. This milestone marks an important step in the company’s long-term expansion strategy focused on regulated markets, strengthening its presence in North America and enhancing its global footprint.

“Securing approval in Ontario is a significant achievement for Endorphina. It confirms the quality of our products, the strength of our compliance framework, and our readiness to operate in highly regulated environments,” said Head of Compliance at Endorphina, Džangar Jesenov.

Endorphina continues to invest in the development of proprietary online slot games, delivering innovative content tailored to the evolving requirements of international markets.

With a portfolio of 200+ premium slots, the company has built strong partnerships with 6,000+ operators worldwide. It holds an active presence in over 50 jurisdictions, ensuring compliance in regulated markets across Europe, Latin America, and beyond.

With the Ontario registration, the company is well-positioned to expand partnerships with licensed operators and further solidify its reputation as a trusted B2B supplier in the global iGaming industry.

 

The post Endorphina Now Licensed B2B Gaming Supplier in Ontario appeared first on Americas iGaming & Sports Betting News.

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Endorphina secures AGCO supplier registration in Ontario

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Endorphina Limited has obtained a Gaming-Related Supplier registration in Ontario, Canada, allowing the company to supply its online slot content to licensed operators in the province.

The registration was issued by the Alcohol and Gaming Commission of Ontario (AGCO). Ontario is one of North America’s most closely regulated online gambling markets.

“Securing approval in Ontario is a significant achievement for Endorphina. It confirms the quality of our products, the strength of our compliance framework, and our readiness to operate in highly regulated environments,” said Head of Compliance at Endorphina, Džangar Jesenov.

Endorphina said it has a portfolio of 200+ slots, partnerships with 6,000+ operators, and an active presence in more than 50 jurisdictions. The company positions the Ontario approval as part of its broader expansion strategy in regulated markets.

The post Endorphina secures AGCO supplier registration in Ontario appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Amusnet Marks Strategic Entry into North America with Ontario Licence

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Amusnet is entering the North American market after securing a Gaming-Related Supplier–Manufacturer Registration from the AGCO in Ontario, Canada, marking a strategic milestone in the group’s global expansion.

Licensing grants Amusnet access to Ontario’s regulated iGaming market, which is one of the most established and fast-growing jurisdictions in North America, known for its robust regulatory framework and strong long-term growth potential.

It will allow the supplier to offer online gaming content to licensed operators in the province, officially establishing its presence in the region. Amusnet will initially roll out its iGaming portfolio, with the option to expand into Land-based solutions at a later stage.

Ontario’s regulatory framework emphasises strict compliance, ensuring that all suppliers adhere to high standards in technology, security and player protection. This makes Ontario a key benchmark market for companies entering North America. The new registration further confirms that Amusnet has successfully met these rigorous requirements for integrity and regulatory compliance, enabling it to distribute its content across the province.

“Securing the AGCO licence is an important milestone for Amusnet and reflects our long-term commitment to operating in fully regulated markets. Our entry into Ontario represents a key strategic step into North America, which is a high-priority region with strong long-term growth potential. We look forward to partnering with local operators and building a sustainable presence in the market,” said Ivo Georgiev, CEO of Amusnet.

The post Amusnet Marks Strategic Entry into North America with Ontario Licence appeared first on Americas iGaming & Sports Betting News.

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