Across the United States, seven states are now offering legal online lotteries. Some of the major lottery games offered online include Mega Millions, Fantasy 5, and Lotto 47. Besides these, several other states, such as Rhode Island, Massachusetts, New Jersey, and New York, are working on legalizing online lotteries. These states have sought advice from the Department of Justice on how to best regulate online lottery sales.
Online lotteries offer players a wider variety of games and prizes than traditional lotteries. Players can also participate in syndicates, which offer 300 times the chances of winning as playing by yourself. Players are also able to purchase tickets for lotteries that are not available in their state. Most online lotteries are private businesses, not state-run.
Currently, the market is categorized by geography (North America, Asia Pacific, and Latin America), and by region (Europe, Middle East, and Africa). The market is expected to grow at a 9% CAGR in the next five years, with North America leading the way.
Online lottery games are available on the web, or through mobile apps. The ticket prices are usually the same as those offered by traditional brick-and-mortar shops. However, they don’t include the cost of entry fees and handling. In order to participate, players must first register with a licensed website. Once the player has registered, he or she can then choose a game and select ‘balls’ to add to the ticket. If the selected numbers match those drawn, the player wins a prize. Some of the top prizes for online lottery games range from $1 to $20. Those with more money can win even larger prizes, with prizes ranging from $20,000 to $300,000.
One of the biggest national lottery games offered online is the MegaMillions. The prize for this game is a staggering $1 billion. Several other lottery games are also offered online, including the popular Fantasy 5, Lotto 47, and Powerball. Online lottery games can be played by anyone who is at least 18 years old. Players can also participate in e-Instant games, which allow players to play games from their mobile phones or tablets.