US Lottery Market Share is Expected to Increase by USD 27.9 Billion from 2020 to 2025

The lottery market share in the US is expected to grow by USD 27.90 billion, accelerating at a CAGR of 5.96% during the forecast period. The growing adoption of marketing strategies to increase ticket sales is notably driving the lottery market growth in the US. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Unlock Free Sample Analysis Report

Lottery Market in the US: Leading Segments and Growth Analysis

The lottery market report in the US will provide insights into the current market share of each segment along with growth projections for the next five years.

• The lottery market in the US is segmented Type (scratch-off games, terminal-based games, and sports lotteries).
• The lottery market share in the US by the scratch-off games will be significant during the forecast period.
• The popularity of scratch-off games is increasing due to the low cost of scratch-off cards and the instant chances to win price.
• The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the lottery market size in the US.

Lottery Market in the US: Top Trends, Drivers, Challenges to drive Market Recovery

The report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide businesses with all the information they would require for designing a growth strategy for their business.

• A key market driver for the lottery market in the US will be the high penetration of smartphones.
• The growing popularity of lottery due to low adoption cost and easy availability is another factor that will be instrumental in driving the market growth during the forecast period.
• Advancing technologies are the major lottery market trend in the US which will positively influence market growth.
• The socioeconomic impact of lotteries is a challenge that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic.

Lottery Market in the US: Vendor Analysis

• The market is fragmented due to the presence of several players.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• Arizona Lottery, Connecticut Lottery Corp., Florida Lottery, International Game Technology plc, New York State Gaming Commission, Pennsylvania Lottery, Pollard Banknote Ltd., Scientific Games Corp., Texas Lottery Commission, and The California State Lottery are some of the major lottery market vendors in the US

Download the Free PDF Sample Report The custom reports provide market insights at the global and regional levels along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Also, know more about the exclusive Lottery Market in North America and get more insights into exact growth variance and the Y-O-Y growth rate

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 5.96%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 27.90 billion.
    
3. What is a key factor driving this market?
   High penetration of smartphones will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   The US is the key region featured in this research report.
    
5. Which is the leading geographic region for this market?
   100% growth will originate from the US
    
6. Who are the leading market vendors?
   The leading vendors in this market are Arizona Lottery, Connecticut Lottery Corp., Florida Lottery, International Game Technology plc, New York State Gaming Commission, Pennsylvania Lottery, Pollard Banknote Ltd., Scientific Games Corp., Texas Lottery Commission, and The California State Lottery.
    
7. What are the market segments covered in this report?
   The market is segmented by type (scratch-off games, terminal-based game, and sports lotteries) and platform (traditional and online).