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Korea lottery market

Since the introduction of the online lottery Lotto in 2002, the size of the Korean lottery market has exploded to sales of USD 4.2342 billion in 2003. A government policy for curbing the gaming industry reduced lottery sales, but in 2008, overall lottery sales started to increase again. The 2011 launch of the Pension Lottery led to another boom in lottery sales.

The size of the Korean lottery market is 0.23 percent of GDP(OECD average of 0.45%). Among overall lottery sales, online lottery takes up a fully 92.9 percent. Balanced development of the online lottery and other types of lotteries is being promoted.