Global Lottery Market 2023-2027

Global Lottery Market 2023-2027

Technavio has been monitoring the lottery market and is forecast to grow by $182.44 bn during 2022-2027, accelerating at a CAGR of 6.96% during the forecast period. Our report on the lottery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing penetration of online lottery, growing popularity of lottery due to low-cost adoption and easy availability, and adoption of social media marketing for lottery promotion.

Technavio's lottery market is segmented as below:

By PlatformOfflineOnlineBy TypeTerminal-based gamesScratch-off gamesSports lotteriesBy Geographical LandscapeNorth AmericaAPACEuropeSouth AmericaMiddle East and AfricaThis study identifies the adoption of advanced technologies by lottery operators as one of the prime reasons driving the lottery market growth during the next few years. Also, growing use of lottery money for good causes and growing focus on ensuring security of lotteries will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the lottery market covers the following areas:Lottery market sizingLottery market forecastLottery market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lottery market vendors that include Agento N.V, Arizona Lottery, Berjaya Corp. Berhad, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Colorado Lottery, Florida Lottery, Gaming China, Georgia Lottery Corp., International Game Technology plc, INTRALOT SA, Jumbo Interactive Ltd., Lotto NZ, Maruhan Co. Ltd., New York State Gaming Commission, Scientific Games LLC, STRATACACHE, Tabcorp Holdings Ltd., The California State Lottery, and The Hong Kong Jockey Club. Also, the lottery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.