Lottery Market In Mexico 2024-2028: High potential ROI demand Fuels Growth

The lottery market in mexico size by Platform (Offline and Online), Type (Draw-based lotteries, Sports lotteries, Instant lotteries, and Others), and Geography (North America), is forecast to increase by USD 4652.1 million. The market is expected to grow at a CAGR of  10.87% between 2024 and 2028.

• The Mexican lottery market is characterized by its substantial return on investment (ROI) potential, making it an attractive proposition for investors. Lottery winnings in Mexico take the form of tangible prizes and monetary rewards, contingent upon the specific lottery scheme. Unlike China, Mexican lotteries impose no maximum jackpot limit, and although the odds of winning are relatively low, the potential ROI is significantly high. With the national lottery offering jackpots of up to MUSD150 million per draw, the allure of potentially life-changing winnings continues to captivate Mexicans, positioning lotteries as the highest-returning sector in the gaming industry.

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• The Mexican lottery market encompasses both offline and online platforms. The offline segment, consisting of land-based lottery shops, experiences significant growth due to the proliferation of lottery retailers, escalating prize money, and relaxed government regulations. Traditional vendors are innovating by implementing new sales strategies, such as deploying slot machines and collaborating with retailers like supermarkets and convenience stores, thereby expanding their reach and driving the expansion of the offline lottery sector throughout the forecast period.

• In Mexico, the lottery market encompasses various formats, including raffles and instant win games, as well as conventional draw lotteries. The Mexican government operates two distinct entities in this sector: Pronosticos para la Asistencia Pública, which manages official draw and instant lotteries, and Lotera Nacional para la Asistencia Pública, responsible for overseeing millionaire raffles. Players engaging in draw-based lotteries are required to select a few numbers in accordance with the gameplay. These numbers can be either randomly generated or personally chosen. Subsequently, the lottery organizer randomly selects the winning numbers. The highest prize is awarded to the player whose entire combination matches the numbers drawn, underscoring the element of chance and excitement inherent in these games. Both Pronosticos para la Asistencia Pública and Lotera Nacional para la Asistencia Pública are wholly owned by the Mexican government, ensuring regulatory compliance and transparency within the lottery market.

Some of the Key Companies:

• Arizona Lottery
• Bet365 Group Ltd.
• Electronic and Communication Media SAPI de CV
• Ensenanza e Investigacion Superior AC
• EU Lotto Ltd.
• Florida Lottery
• Gammastack Inc.
• Georgia Lottery Corp.
•  Hoosier Lottery
• International Game Technology plc
• Interwetten Gaming Ltd.
• INTRALOT SA
• Juega Lotto SA de CV
• Latino Arts Inc.
• Legacy Eight Curacao NV
• New Mexico Lottery
• Pennsylvania Lottery
• Pollard Banknote Ltd.
• TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV
• Winland Group

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/