US Lottery Market 2023-2027

Lottery Market in US 2023-2027

Technavio has been monitoring the lottery market in US and is forecast to grow by $39.39 bn during 2022-2027, accelerating at a CAGR of 6.61% during the forecast period. Our report on the lottery market in US 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 the growing adoption of marketing strategies to increase ticket sales, high penetration of smartphones, and the growing popularity of the lottery due to low adoption cost and easy availability.

Technavio's lottery market in US is segmented as below:

By TypeScratch-off gamesTerminal-based gamesSports lotteriesBy PlatformTraditionalOnlineThis study identifies the advancing technologies as one of the prime reasons driving the lottery market growth during the next few years. Also, the growing use of lottery money for good cause and the growing focus on ensuring the 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 in US 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 Arizona Lottery, Connecticut Lottery Corp., Florida Lottery, International Game Technology plc, New York State Gaming Commission, Pennsylvania Lottery, Pollard Banknote Ltd., Scientific Games LLC, and Texas Lottery Commission. Also, the lottery market in US 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 the accurate market growth.