NEW YORK, Aug. 17, 2021 /PRNewswire/ — The lottery market in the US is expected to grow by USD 20.62 billion, progressing at a CAGR of almost 5% during the forecast period. Arizona Lottery (US), Connecticut Lottery Corp. (US), Florida Lottery (US), Pennsylvania Lottery (US), and Pollard Banknote Ltd. (US) emerge as key revenue-generating market participants during the forecast period.
The growing adoption of marketing strategies, surging penetration of smartphones, and the emerging popularity of lottery due to low adoption cost and easy availability are some of the major factors propelling the market growth. In addition, various trends including advancing technologies, increasing strategic alliances, and surging organic growth are anticipated to boost the market growth positively in the upcoming years. However, factors such as the socio-economic impact of lotteries, the prevalence of the black market, and the presence of stringent regulations will hamper the market growth.
More details: https://www.technavio.com/report/lottery-market-in-us-industry-analysis
Lottery Market In US: Type Landscape
The report segments the lottery market in the US by type into scratch-off games, terminal-based games, and sports lotteries. Scratch-off games were the largest segment of the market in 2019 and will continue to be the largest segment of the market in 2024.
Lottery Market In US: Platform Landscape
By platform, the traditional segment was the largest segment of the market in 2019 and will continue to be the largest segment of the market in 2024, growing slower than the overall market. The report also offers exhaustive analytical data on the online platform segment for clients to make effective and informed business decisions.
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Companies Covered:
- Arizona Lottery
- Connecticut Lottery Corp.
- Florida Lottery
- INTERNATIONAL GAME TECHNOLOGY PLC
- New York State Gaming Commission
- Pennsylvania Lottery
- Pollard Banknote Ltd.
- Scientific Games Corp.
- Texas Lottery Commission
- The California State Lottery
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, until 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Scratch-off games – Market size and forecast 2019-2024
- Terminal-based games – Market size and forecast 2019-2024
- Sports lotteries – Market size and forecast 2019-2024
- Market opportunity by Type
Market Segmentation by Platform
- Market segments
- Comparison by Platform
- Traditional – Market size and forecast 2019-2024
- Online – Market size and forecast 2019-2024
- Market opportunity by Platform
Customer landscape
- Overview
- Volume driver- Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Arizona Lottery
- Connecticut Lottery Corp.
- Florida Lottery
- INTERNATIONAL GAME TECHNOLOGY PLC
- New York State Gaming Commission
- Pennsylvania Lottery
- Pollard Banknote Ltd.
- Scientific Games Corp.
- Texas Lottery Commission
- The California State Lottery
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.
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