International edition
September 28, 2020

China

Online lottery sector to grow at a CAGR of 4.53% in 2016-2020 period - report

Online lottery sector to grow at a CAGR of 4.53% in 2016-2020 period - report
Although online lottery is banned and stringent regulations have been imposed during the pilot run, it is one of the major sources of revenue for the government.
China | 01/16/2017

Although online lottery is banned and stringent regulations have been imposed during the pilot run, it is one of the major sources of revenue for the government.

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specially the lottery segment accounts for one the major revenue contributing segments in the overall gambling market in the country. Some of the major benefits of easing regulations on sports lottery include; higher tax on vendors to generate revenue, contribution toward societal welfare. Legalizing of lottery further creates job opportunities in the country. The shift in lottery regulations has also opened up opportunities for gamblers to participate in gambling in any part of the world through online platforms, except in those countries where the online lottery is banned.

The online lottery market in China to grow at a CAGR of 4.53% during the period 2016-2020. The report covers the present scenario and the growth prospects of the online lottery market in China for 2016-2020. To calculate the market size, Technavio considers the revenue generated from online sales of the lottery.

The market is divided into the following segments based on types:
- Welfare lottery
- Sports Lottery

Technavio's report, Online Lottery Market in China 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Lottery 365
- Taobao Lottery
- QQ Lottery
- NetEase Lottery
- 500.com
- Sporttery

Other prominent vendors
- 310Win
- 360 Lottery
- 500.com
- Baidu Lottery
- SINA Lottery

Market driver
- Revenue contribution in the form of tax

Get a sample Research PDF with TOC: http://www.researchmoz.us/enquiry.php?type=S&repid=775709

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