Hello everyone, I'll write a short review on the history of the lottery market and what it has transformed into through the years..
The region of the Ancient Rome and Greece witnessed the first lottery draws in the world. Lottery market have been around for years, and history reveals that the lottery market was first introduced 16th century, In Italy. Lottery market is growing fast and the future potential for Lottery market remains bullish, and today, lottery draws are currently held in over 139 countries and regions. In fact, you’ll be hard pushed to find a country without one.
The Lottery game is very popular, in fact, it's among some of the most popular lottery games played online. The lottery industry is undergone rapid development far from the old modern models and currently been influenced by latest techs such as the blockchain tech. Various types of lotteries has continued to enroll in line to several advancements in customer satisfaction, user experience and social development.
According to Statista, in 2017, worldwide lottery sales increased by 3.8% over previous year. It was a progressive year for the lottery market, no wonder it's the sixth largest industry in the world with a steady stream market capitalization. Chinese lottery market doesn't seem to be slowing down while it has continued to dominate Asia Pacific region with a report of a full-year on full-year increase in sales of 7.4%. Africa reported a full year on full-year in sales of 4.9%. In 2017, Latin America also made a great impact on the Lottery sector with a report 12 months on 12 months in sales of 6.2%. The Lottery sector is a very large industry, with an annual record of $284 billion global sales back in 2014.
The traditional lotteries are being gradually replaced by other technologically advanced models such as the use of online, mobile apps in order to sell the digitized versions of the lottery tickets. The lottery market participators frequently seek betterment and synergy with the continuous growth of the sector, Blockchain technology influences the modern times as the distributed ledger technology which has advanced services on a whole new level such as : enhanced transparency, speed , security etc..
In accordance with the latest cryptocurrency advancements, which will allow GG World Lottery to provide a whole new gaming experience for it's all users worldwide. In addition, they plan to implement TRNG, which is based on quantum physics and connected to blockchain for improved fairness and transparency.
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