Authored By: Sarah
06 Jul 2023

Lottery Market in Mexico to shoot up by USD 3537.24 mn in revenue

Rise of the internet along with the growing penetration of smartphones and Internet connectivity, and the rising popularity of lotteries due to low-cost adoption and easy availability. The lottery market in Mexico is estimated to grow by revenue of USD 3,537.24 million between 2022 and 2027 with growth at a CAGR of 9.3%. 

Lotteries have the highest return in the gaming industry. As winning lottery tickets is associated with gaining a large sum of money, ROI is high if won, though chances are very vague. Thus, the increasing investment by consumers in lottery tickets will drive the growth of the market. Download our report that projects the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 

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"As per Technavio's analyst research, online, access to the lottery is also one of the market drivers of growth. The lottery market in Mexico is shifting toward the use of online platforms for virtual lotteries."

Consumers can easily participate in lotteries owing to the ease of access to the Internet and the availability of various mobile apps and online platforms with interactive mediums. 

Vendor Analysis: Strategic alliances and partnerships are implemented by vendors with the aim of more market presence across Mexico. The incorporation of advanced technologies such as graphics and interactive bots to attract consumers are also emphasized by the market players. Bet365 Group Ltd., Electronic and Communication Media SAPI de CV, Ensenanza e Investigacion Superior AC, EU Lotto Ltd., Florida Lottery, Gammastack Inc., and Georgia Lottery Corp. are some industry names worth mentioning.

Online lotteries allow vendors to cross-sell other products in their portfolio. Some of the large vendors, such as Camelot, use online platforms to engage customers as well as promote their other product offerings, such as gaming, sports betting, and other forms of gambling.

Our report includes qualitative and quantitative analyses of the complete business ecosystem of the Lottery Market in Mexico with a wider understanding of the business ecosystem. Download a free sample report! 

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