NEW YORK, Dec. 15, 2022 /PRNewswire/ — Technavio categorizes the global lottery market as a part of the global casinos and gaming market, the parent market. The global lottery market size is estimated to increase by USD 228.43 billion from 2021 to 2026. The market’s growth momentum will decelerate at a CAGR of 9.24%.
Discover some insights on market size before buying the full report. Request a Sample
Technavio has announced its latest market research report titled Global Lottery Market
Global lottery market- Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
Key purchase criteria
Adoption rates
Adoption lifecycle
Drivers of price sensitivity
Global lottery market– Vendor analysis
Vendor Landscape – The global lottery market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer lottery in the market are Agento N.V., Berjaya Corp. Berhad, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Colorado Lottery, Florida Lottery, Gaming China, Georgia Lottery Corp., Illinois State Lottery, International Game Technology plc, INTRALOT SA, Jumbo Interactive Ltd., Lotto NZ, Maruhan Corp., New York State Gaming Commission, Scientific Games Corp., STRATACACHE Inc., Tabcorp Holdings Ltd., The California State Lottery, and The Hong Kong Jockey Club and others.
The global lottery market is at its growing stage. This implies that the market in focus is characterized by increasing penetration of online lottery, the growing popularity of lottery due to low-cost adoption, and easy availability and adoption of social media marketing for lottery promotion. The global lottery market is characterized by the presence of numerous players that provide similar products. To maintain a competitive edge, lottery ticket providers are introducing new games with different price ranges, starting from USD 30 to as high as USD 1,000. Such low-price tickets make them affordable to a huge population. By offering different types of games, vendors are trying to engage customers by maintaining excitement and curiosity.
Vendor Insights –
Agento N.V.
Berjaya Corp. Berhad
Camelot UK Lotteries Ltd.
China LotSynergy Holdings Ltd.
Colorado Lottery
Florida Lottery
Gaming China
Georgia Lottery Corp.
Illinois State Lottery
International Game Technology plc
INTRALOT SA
Jumbo Interactive Ltd.
Lotto NZ
For details on vendors and their offerings – Buy report!
Global lottery market- Segmentation assessment
Geography Overview
Based on geography, the global lottery market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global lottery market.
APAC will account for 36% of the market’s growth during the forecast period. The market in the region is estimated to grow at the fastest pace during the forecast period. China is the key region for lottery market in APAC. Over the projection period, the growth of the lottery market in APAC will be driven by the relaxation of governmental rules and rising levels of disposable income among the populace.
Segment Overview
Based on type, the global lottery market is segmented into terminal-based games, scratch-off games, and sports lotteries.
The lottery market share growth by the terminal-based games segment will be higher than the other segments during the forecast period. The increased interest in casinos and consumers’ desire to win at lotteries are two key factors contributing to the expansion of this market. The reward money given out in terminal-based games is also substantially higher than it is in other kinds of lotteries. Furthermore, the increasing usage of reconfigurable electronic gaming machines among casinos is likely to drive this segment’s growth during the forecast period.
Global lottery market – Market dynamics
Impactful Driver – One of the key factors driving growth in the lottery market is the increasing penetration of online lottery. The increased use of smartphones and the Internet is responsible for the expansion of the online lottery. Customers can easily take part in the lottery due to the availability of numerous mobile apps and online platforms. Vendors are using advanced technologies to enhance the consumer appeal of the online lottery, including interactive bots and graphics that have become common in the gaming industry. Such factors will contribute to the growth of market during the forecasted period.
Key Trend – The adoption of technologies by lottery operators is a lottery market trend that is expected to have a positive impact in the coming years. Since the worldwide lottery sector is heavily regulated and mostly controlled by governments it is difficult to expand the business. Vendors started putting more effort into figuring out unique ways to engage clients rather than conducting business the old-fashioned way. The increasing usage of online platforms by customers has offered businesses with numerous options. With more people going online, lottery suppliers must move away from traditional instant games and provide players with a more social experience and involvement when playing in groups.
Major Challenge – The stringent regulations on the lottery in various regions will be a major challenge for the lottery market during the forecast period. In many countries, the government either owns the businesses that operate the lottery or grants licenses to private businesses to operate them. Governments frequently regulate gambling and its various forms because of the high risk involved and the significant socio-economic impact it has, which limits the market entry of private companies and slows market expansion.
What are the key data covered in this lottery market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the lottery market between 2023 and 2027
Precise estimation of the size of the lottery market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the lottery market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of lottery market vendors
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Related Reports:
The casinos and gambling market is estimated to grow at a CAGR of 8.13% between 2022 and 2027. The size of the market is forecast to increase by USD 90.22 billion. This report extensively covers market segmentation by platform (offline and online), type (poker, blackjack, craps, lottery, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
The Casino Gaming Equipment Market is estimated to grow at a CAGR of 5.55%. The size of the market is forecast to increase by USD 14,265.1 million. This report extensively covers market segmentation by end-user (casinos, malls, and others), type (casino tables, slot machines, gaming chips, video poker machines, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
|
Lottery Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Decelerate at a CAGR of 9.24% |
|
Market growth 2022-2026 |
USD 228.43 billion |
|
Market structure |
Fragmented |
|
YoY growth 2021-2022 (%) |
11.11 |
|
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 36% |
|
Key consumer countries |
US, China, Italy, France, and Spain |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Agento N.V., Berjaya Corp. Berhad, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Colorado Lottery, Florida Lottery, Gaming China, Georgia Lottery Corp., Illinois State Lottery, International Game Technology plc, INTRALOT SA, Jumbo Interactive Ltd., Lotto NZ, Maruhan Corp., New York State Gaming Commission, Scientific Games Corp., STRATACACHE Inc., Tabcorp Holdings Ltd., The California State Lottery, and The Hong Kong Jockey Club |
|
Market dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio “Consumer Discretionary” Research Reports
Table Of Contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Platform
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 18: Five forces analysis – Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 24: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Type
5.1 Market segments
Exhibit 25: Chart on Type – Market share 2021-2026 (%)
Exhibit 26: Data Table on Type – Market share 2021-2026 (%)
5.2 Comparison by Type
Exhibit 27: Chart on Comparison by Type
Exhibit 28: Data Table on Comparison by Type
5.3 Terminal-based games – Market size and forecast 2021-2026
Exhibit 29: Chart on Terminal-based games – Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Data Table on Terminal-based games – Market size and forecast 2021-2026 ($ billion)
Exhibit 31: Chart on Terminal-based games – Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Terminal-based games – Year-over-year growth 2021-2026 (%)
5.4 Scratch-off games – Market size and forecast 2021-2026
Exhibit 33: Chart on Scratch-off games – Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Data Table on Scratch-off games – Market size and forecast 2021-2026 ($ billion)
Exhibit 35: Chart on Scratch-off games – Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Scratch-off games – Year-over-year growth 2021-2026 (%)
5.5 Sports lotteries – Market size and forecast 2021-2026
Exhibit 37: Chart on Sports lotteries – Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Data Table on Sports lotteries – Market size and forecast 2021-2026 ($ billion)
Exhibit 39: Chart on Sports lotteries – Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on Sports lotteries – Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Type
Exhibit 41: Market opportunity by Type ($ billion)
6 Market Segmentation by Platform
6.1 Market segments
Exhibit 42: Chart on Platform – Market share 2021-2026 (%)
Exhibit 43: Data Table on Platform – Market share 2021-2026 (%)
6.2 Comparison by Platform
Exhibit 44: Chart on Comparison by Platform
Exhibit 45: Data Table on Comparison by Platform
6.3 Offline – Market size and forecast 2021-2026
Exhibit 46: Chart on Offline – Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on Offline – Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on Offline – Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Offline – Year-over-year growth 2021-2026 (%)
6.4 Online – Market size and forecast 2021-2026
Exhibit 50: Chart on Online – Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on Online – Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on Online – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Online – Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Platform
Exhibit 54: Market opportunity by Platform ($ billion)
7 Customer Landscape
7.1 Customer landscape overview
Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Exhibit 56: Chart on Market share by geography 2021-2026 (%)
Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
8.2 Geographic comparison
Exhibit 58: Chart on Geographic comparison
Exhibit 59: Data Table on Geographic comparison
8.3 North America – Market size and forecast 2021-2026
Exhibit 60: Chart on North America – Market size and forecast 2021-2026 ($ billion)
Exhibit 61: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
Exhibit 62: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 63: Data Table on North America – Year-over-year growth 2021-2026 (%)
8.4 APAC – Market size and forecast 2021-2026
Exhibit 64: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
Exhibit 65: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
Exhibit 66: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on APAC – Year-over-year growth 2021-2026 (%)
8.5 Europe – Market size and forecast 2021-2026
Exhibit 68: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
Exhibit 69: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
Exhibit 70: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on Europe – Year-over-year growth 2021-2026 (%)
8.6 South America – Market size and forecast 2021-2026
Exhibit 72: Chart on South America – Market size and forecast 2021-2026 ($ billion)
Exhibit 73: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
Exhibit 74: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on South America – Year-over-year growth 2021-2026 (%)
8.7 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 76: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
Exhibit 77: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
Exhibit 78: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
8.8 US – Market size and forecast 2021-2026
Exhibit 80: Chart on US – Market size and forecast 2021-2026 ($ billion)
Exhibit 81: Data Table on US – Market size and forecast 2021-2026 ($ billion)
Exhibit 82: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on US – Year-over-year growth 2021-2026 (%)
8.9 China – Market size and forecast 2021-2026
Exhibit 84: Chart on China – Market size and forecast 2021-2026 ($ billion)
Exhibit 85: Data Table on China – Market size and forecast 2021-2026 ($ billion)
Exhibit 86: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on China – Year-over-year growth 2021-2026 (%)
8.10 Italy – Market size and forecast 2021-2026
Exhibit 88: Chart on Italy – Market size and forecast 2021-2026 ($ billion)
Exhibit 89: Data Table on Italy – Market size and forecast 2021-2026 ($ billion)
Exhibit 90: Chart on Italy – Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on Italy – Year-over-year growth 2021-2026 (%)
8.11 France – Market size and forecast 2021-2026
Exhibit 92: Chart on France – Market size and forecast 2021-2026 ($ billion)
Exhibit 93: Data Table on France – Market size and forecast 2021-2026 ($ billion)
Exhibit 94: Chart on France – Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on France – Year-over-year growth 2021-2026 (%)
8.12 Spain – Market size and forecast 2021-2026
Exhibit 96: Chart on Spain – Market size and forecast 2021-2026 ($ billion)
Exhibit 97: Data Table on Spain – Market size and forecast 2021-2026 ($ billion)
Exhibit 98: Chart on Spain – Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on Spain – Year-over-year growth 2021-2026 (%)
8.13 Market opportunity by geography
Exhibit 100: Market opportunity by geography ($ billion)
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 101: Impact of drivers and challenges in 2021 and 2026
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 103: Overview on factors of disruption
10.4 Industry risks
Exhibit 104: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 105: Vendors covered
11.2 Market positioning of vendors
Exhibit 106: Matrix on vendor position and classification
11.3 Camelot UK Lotteries Ltd.
Exhibit 107: Camelot UK Lotteries Ltd. – Overview
Exhibit 108: Camelot UK Lotteries Ltd. – Product / Service
Exhibit 109: Camelot UK Lotteries Ltd. – Key offerings
11.4 China LotSynergy Holdings Ltd.
Exhibit 110: China LotSynergy Holdings Ltd. – Overview
Exhibit 111: China LotSynergy Holdings Ltd. – Product / Service
Exhibit 112: China LotSynergy Holdings Ltd. – Key offerings
11.5 Florida Lottery
Exhibit 113: Florida Lottery – Overview
Exhibit 114: Florida Lottery – Product / Service
Exhibit 115: Florida Lottery – Key offerings
11.6 International Game Technology plc
Exhibit 116: International Game Technology plc – Overview
Exhibit 117: International Game Technology plc – Business segments
Exhibit 118: International Game Technology plc – Key offerings
Exhibit 119: International Game Technology plc – Segment focus
11.7 INTRALOT SA
Exhibit 120: INTRALOT SA – Overview
Exhibit 121: INTRALOT SA – Business segments
Exhibit 122: INTRALOT SA – Key news
Exhibit 123: INTRALOT SA – Key offerings
Exhibit 124: INTRALOT SA – Segment focus
11.8 Lotto NZ
Exhibit 125: Lotto NZ – Overview
Exhibit 126: Lotto NZ – Product / Service
Exhibit 127: Lotto NZ – Key offerings
11.9 New York State Gaming Commission
Exhibit 128: New York State Gaming Commission – Overview
Exhibit 129: New York State Gaming Commission – Product / Service
Exhibit 130: New York State Gaming Commission – Key offerings
11.10 Scientific Games Corp.
Exhibit 131: Scientific Games Corp. – Overview
Exhibit 132: Scientific Games Corp. – Business segments
Exhibit 133: Scientific Games Corp. – Key offerings
Exhibit 134: Scientific Games Corp. – Segment focus
11.11 The California State Lottery
Exhibit 135: The California State Lottery – Overview
Exhibit 136: The California State Lottery – Product / Service
Exhibit 137: The California State Lottery – Key offerings
11.12 The Hong Kong Jockey Club
Exhibit 138: The Hong Kong Jockey Club – Overview
Exhibit 139: The Hong Kong Jockey Club – Product / Service
Exhibit 140: The Hong Kong Jockey Club – Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 141: Inclusions checklist
Exhibit 142: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 143: Currency conversion rates for US$
12.4 Research methodology
Exhibit 144: Research methodology
Exhibit 145: Validation techniques employed for market sizing
Exhibit 146: Information sources
12.5 List of abbreviations
Exhibit 147: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio