Authored By: Sarah
29 Jul 2022

Lottery Market Growth Analysis: Leading Segments, Trends, Drivers, and Challenges

Market Recovery and Growth Projections 2022-2026

The lottery market size is likely to post an incremental growth of USD 228.43 billion, decelerating at a CAGR of about 9.24% during 2021-2026. The increasing penetration of online lottery will drive the lottery market growth during the forecast period.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. California State Lottery, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Florida Lottery, International Game Technology Plc, INTRALOT SA, Lotto NZ, New York State Gaming Commission, Scientific Games Corp., and The Hong Kong Jockey Club are some of the major market participants. The adoption of technologies by lottery operators will positively impact the market value during the forecast period. However, the stringent regulations on the lottery in various regions might hamper the market growth.

Unlock Sample Report for a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. 

Lottery Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The Lottery market is segmented by Type (Terminal-based games, Scratch-off games, and Sports lotteries) and Geography (APAC, Europe, North America, MEA, and South America).
  • Based on the type, the terminal-based games segment is expected to witness lucrative growth during the forecast period
  • 38% of the market growth will originate from APAC during the forecast period. The relaxation of government regulations and the increasing disposable income of the population will facilitate the lottery market growth in APAC over the forecast period. China is a key market for lotteries in APAC.

Lottery Market Growth Analysis: Leading Segments, Trends, Drivers, and Challenges

Lottery Market: Trends, Drivers, Challenges

Key Trends

  • Adoption of technologies by lottery operators
  • The growing use of lottery money for good cause
  • Growing focus on ensuring the security of lotteries

Key Drivers

  • Increasing penetration of online lottery
  • The growing popularity of lottery due to low-cost adoption and easy availability
  • Adoption of social media marketing for lottery promotion

Key Challenges

  • Stringent regulations on the lottery in various regions
  • Socio-economic impact of lotteries
  • The popularity of other forms of gambling and the black market

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

Lottery Market: Vendor Analysis

  • The market is fragmented and the degree of fragmentation will accelerate during the forecast period, due to the presence of several players.
  • Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Florida Lottery, International Game Technology plc, INTRALOT SA, Lotto NZ, New York State Gaming Commission, Scientific Games Corp., The California State Lottery, and The Hong Kong Jockey Club are some of the major market participants.

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

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is decelerating at a CAGR of 9.24%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 228.43 billion during 2021-2026.

     
  3. What is a key factor driving this market?
    Increasing penetration of online lottery will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    38% growth will originate from APAC.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Florida Lottery, International Game Technology plc, INTRALOT SA, Lotto NZ, New York State Gaming Commission, Scientific Games Corp., The California State Lottery, and The Hong Kong Jockey Club.

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Terminal-based games, Scratch-off games, and Sports lotteries) and Geography (APAC, Europe, North America, MEA, and South America).
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