Lottery Market Size to grow by USD 194.14 Bn | 38% of the Growth from APAC


Lottery Market Regional Highlights 

APAC emerged as the largest revenue-generation economy in the lottery market. The region is anticipated to account for the largest market growth during the forecast period mainly due to the relaxation of government regulations and the increasing disposable income of the population. Furthermore, the region will contribute to 38% of the overall growth during the forecast period with China emerging as the largest contributor.

Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/lottery-market-industry-analysis 

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Lottery Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The report has categorized the global lottery market as a part of the global casinos and gaming market. An in-depth value chain analysis is also available with our extensive report. Our report provides extensive information on the value chain analysis for the lottery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies.

Our lottery market report covers the following areas:

Lottery Market Trend & Driver: 

The increasing penetration of online lottery will fuel the growth of the lottery market size. Market players are using advanced technologies such as graphics and interactive bots, which have become popular in the gaming arena, to make the online lottery more attractive for consumers. The adoption of online platforms is a strategy through which vendors are trying to provide a better experience to customers as well as tap on the growing use of smartphones by consumers.

In addition, the adoption of technologies by lottery operators is another factor supporting the lottery market share growth. The global lottery market is highly regulated and is mostly dominated by government entities, and hence, it is difficult to expand the business. With more people going online, lottery vendors need to shift from typical instant games by providing players greater social experience and interaction while playing in groups. Furthermore, the prominence of big data and the increasing number of Internet of Things (IoT) devices will also change the prospects of the global lottery market.

Download free sample for highlights on market Drivers & trends affecting the lottery market. 

Lottery Market Vendor Landscape 

The lottery market is fragmented and the vendors are deploying growth strategies such as introducing new games with different price ranges to compete in the market. Market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Companies are leveraging technology to offer innovative solutions and product offerings. For instance, Camelot UK Lotteries Ltd. offers a wide range of lottery games such as Lotto, Euromillions, thunderball, lotto hotpicks, and others.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Camelot UK Lotteries Ltd.
  • China LotSynergy Holdings Ltd.
  • Florida Lottery
  • International Game Technology plc
  • INTRALOT SA
  • Lotto NZ
  • New York State Gaming Commission
  • Scientific Games Corp.
  • The California State Lottery
  • The Hong Kong Jockey Club

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

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Lottery Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 194.14 billion

Market structure

Fragmented

YoY growth (%)

8.41

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 38%

Key consumer countries

US, China, Italy, France, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Florida Lottery, International Game Technology plc, INTRALOT SA, Lotto NZ, New York State Gaming Commission, Scientific Games Corp., 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, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition 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.

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces summary
  • 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
  • Terminal-based games – Market size and forecast 2020-2025
  • Scratch-off games – Market size and forecast 2020-2025
  • Sports lotteries – Market size and forecast 2020-2025
  • Market opportunity by Type

Market Segmentation by Platform

  • Market segments
  • Comparison by Platform
  • Offline – Market size and forecast 2020-2025
  • Online – Market size and forecast 2020-2025
  • Market opportunity by Platform

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Camelot UK Lotteries Ltd.
  • China LotSynergy Holdings Ltd.
  • Florida Lottery
  • International Game Technology plc
  • INTRALOT SA
  • Lotto NZ
  • New York State Gaming Commission
  • Scientific Games Corp.
  • The California State Lottery
  • The Hong Kong Jockey Club

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 focus 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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Lottery Market Size to grow by USD 194.14 Bn | 38% of the Growth from APAC

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