A number of market research studies suggest that the global lottery market size has been increasing consistently despite being outlawed by several governments. However, the number of players switching from conventional lottery games to online lottery games has been increasing consistently. Kalyan Matka is one of the conventional lottery systems in India whose massive popularity is not impacted by the
According to Market Watch Dot com, “In 2017, the global Lottery market size was 302300 million US$ and it is expected to reach 379700 million US$ by the end of 2025, with a CAGR of 2.9% during 2018-2025.” The forecast depicts a steady increase in the number of players purchasing lottery tickets and play lottery games on a regular basis
Along with being an integral part of Mumbai economy, Kalyan is also hugely popular due to local Matka draws. In simple words, Matka can be described as a distinct form of lottery. But in India, Kalyan Matka is hugely popular and exciting in comparison to other lottery draws. Earlier, an enthusiast has to visit the region to feel the massive