Overview and Scope
Lottery refers to any low-odds game of chance or procedure in which winners are
chosen at random. Lotteries offer players the option of winning money. It also
present wonderful gifts to their participants or users.
Sizing and Forecast
The lottery market size has grown strongly in recent years. It will grow from
$283.71 billion in 2023 to $311.11 billion in 2024 at a compound annual growth
rate (CAGR) of 9.7%. The growth in the
historic period can be attributed to legislation and regulation, consumer
spending trends, marketing and promotion strategies, jackpot sizes and prizes,
charitable contributions.
The lottery market size is expected to see strong growth in the next few years.
It will grow to $424.77 billion in 2028 at a compound annual growth rate (CAGR)
of 8.1%. The growth in the forecast
period can be attributed to innovation in game formats, global market
expansion, integration of cryptocurrency, regulatory changes, demographic
targeting. Major trends in the forecast period include digital transformation
and online platforms, technological advancements, blockchain for transparency
and security, innovative game formats and themes, focus on responsible gaming.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/lottery-global-market-report
Segmentation & Regional Insights
The lottery market covered in this report is segmented –
1) By Type: The Lotto, Quizzes Type Lottery, Numbers Game, Scratch-off Instant
Games, Terminal-Based Games, Other Types
2) By Platform: Offline, Online
3) By Application: Online lottery, Lottery Store
North America was the largest region in the lottery market in 2023. The regions
covered in the lottery market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of
the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9593&type=smp
Major Driver Impacting Market Growth
The increasing penetration of online lotteries is expected to boost the growth
of the lottery market going forward. Online lottery refers to a broad term that
encompasses games offered on websites or played through mobile apps, USSD
(text-based messaging similar to SMS), and other internet-enabled tools. Many
accessible online lottery systems allow participants to buy tickets and access
results from any location; as a result, many more individuals engage in the
lottery, making it more broadly available than ever before. For instance,
according to a report published by Jackpocket Inc., a US-based officially
licensed third-party lottery app, in 2021, digital lottery play increased in
every state, where Jackpocket operated, ranging from 29.7% (Minnesota) to
1,084.9% (Ohio). Furthermore, across all the states where Jackpocket is
accessible, total winnings have increased by 387.1% since Q2 2020. Jackpocket
users over 55 prefer to utilize the mobile web (46.4%), while those between the
ages of 26 and 35 choose iOS (17.4%). Therefore, the increasing penetration of
online lotteries is driving the growth of the lottery market.
Key Industry Players
Major companies operating in the lottery market report are UK National Lottery,
New York Lottery, California State Lottery, The Texas Lottery, Singapore Pools
Limited, Michigan Lottery, The Hong Kong Jockey Club, Virginia Lottery,
International Game Technology, INTRALOT, New Jersey Lottery, Française des
Jeux, Scientific Games Corporation, Light & Wonder Inc., The Florida
Lottery, Loto-Québec, Ontario Lottery and Gaming Corporation, Tennessee
Education Lottery Corporation, Pennsylvania Lottery, Lotterywest, Oregon
Lottery, Colorado Lottery, Sisal S.p.A., Minnesota State Lottery, Atlantic
Lottery Corporation, Pollard Banknote Limited, Camelot UK Lotteries Ltd.,
Georgia Lottery Corporation, Jackpocket Inc., New Zealand Lotteries Commission,
Jumbo Interactive Limited, China LotSynergy Holdings Limited, Arizona State
Lottery
The lottery market report table of contents includes:
1. Executive Summary
2. Lottery
Market Characteristics
3. Lottery
Market Trends And Strategies
4. Lottery
Market - Macro Economic Scenario
5. Global
Lottery Market Size and Growth
.
32. Global Lottery Market Competitive Benchmarking
33. Global
Lottery Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Lottery Market
35. Lottery
Market Future Outlook and Potential Analysis
36.
Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment