USA.- August 1st 2022 www.zonadeazar.com The global lottery market report is segmented by Type (Terminal-based games, Scratch-off games, and Sports lotteries), Platform – ( Offline and Online ), and Geography (North America, APAC, Europe, South America, and the Middle East and Africa)
The lottery market size is expected to increase by USD 228.43 billion from 2021 to 2026. However, the growth momentum is likely to decelerate to a CAGR of 9.24 % as per the latest market report by Technavio.
Technavio categorizes the global lottery market as a part of the global casinos and gaming market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lottery market during the forecast period.
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Global Lottery Market: Segmentation Analysis
The global lottery market research report extensively covers lottery market segmentation by:
- Type – Terminal-based games, Scratch-off games, and Sports lotteries
- Platform – Offline and Online
- Geography – North America, APAC, Europe, South America, Middle East, and Africa
Revenue Generating Segment – The lottery market share growth in the terminal-based games segment will be significant for revenue generation. One of the major reasons for the growth of this segment is the growing popularity of casinos and anxiety among users to gain profits from lotteries.
Furthermore, the prize money awarded in terminal-based games is significantly more than that of the other types of lotteries. Moreover, the growing adoption of reconfigurable electronic gaming machines among casinos is further expected to spur the growth of this segment during the forecast period.
Regional Analysis – 36% of the market’s growth will originate from APAC during the forecast period. China is the key region for the lottery market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The relaxation of government regulations and the increasing disposable income of the population will facilitate the lottery market growth in APAC over the forecast period.
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Global Lottery Market: Major Growth Drivers
The lottery market reports the following factors as major growth drivers during the forecast period:
- Increasing penetration of online lottery
- The growing popularity of lottery due to low-cost adoption and easy availability
- Adoption of social media marketing for lottery promotion
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Global Lottery Market: Vendor Analysis
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. The lottery market vendors 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 among others.
- Camelot UK Lotteries Ltd. – The company offers lottery services such as national lottery games, retail and digital.
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Get ready to achieve excellent business outcomes from this exclusive Global Lottery Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –
- What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
- What is the current trend taking place in the market space?
- Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
- What are market drivers, restraints, and challenges impacting demand & growth of the market?
- Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the Global Lottery Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don’t wait, Make a strategic approach & boost your business goals with our Global Lottery Market Forecast Report – Buy it Here.
Related Reports –
- The online lottery market share in China is expected to increase by USD 3.67 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.13%.
- The slot machine market share is expected to increase by USD 8.91 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 12.14%.