Lottery Market in North America by Platform, Type, and Geography - Forecast and Analysis 2022-2026

Published: Oct 2022

Pages: 121

SKU: IRTNTR44800

Snapshot

The Lottery Market in North America is projected to grow by USD 50.25 billion with a CAGR of 5.4% during the forecast period 2021 to 2026.

This North American Lottery Market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the lottery market in North America segmentation by platform (traditional and online), and type (scratch-off games, terminal-based games, and sports lotteries). The lottery market in North America report also offers information on several market vendors, including Arizona Lottery, Camelot UK Lotteries Ltd., Colorado Lottery, Connecticut Lottery Corp., Delaware State Lottery, Florida Lottery, Flutter Entertainment Plc, Georgia Lottery Corp., Hoosier Lottery, Missouri Lottery, New York State Gaming Commission, Pennsylvania Lottery, Pollard Banknote Ltd., Scientific Games LLC, STRATACACHE, Texas Lottery Commission, and The California State Lottery among others.

What will the Lottery Market in North America Size be During the Forecast Period?

Download Report Sample to Unlock the Lottery Market in North America Size for the Forecast Period and Other Important Statistics

Lottery Market in North America: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends and challenges for the North American Lottery Market. During the COVID-19 pandemic, the demand in the lottery market in North America has been impacted significantly, but a holistic analysis of drivers will help in estimating exact demands and refining marketing strategies to gain a competitive advantage.

Key Lottery Market in North America Driver

New launches are a key factor driving the lottery market growth in North America. Vendors are focusing on organic growth strategies, such as the launch of new lottery game tickets and platforms. Vendors are introducing new games and tickets, both in traditional offline and online platforms, to encourage participation. JACKPOT TRIPLE PLAY is unique because, for $1, players get a triple chance to win the jackpot, as each ticket has three sets of numbers to match with the winning numbers drawn. Players can get an extra chance to win by combining all matches on the ticket by adding Combo for an extra $1. Such new launches are expected to drive the growth of the lottery market in North America during the forecast period.

Key Lottery Market in North America Trend

The integration of artificial intelligence (AI) in lottery platforms will fuel the lottery market growth in North America. Vendors across various industries are implementing AI solutions to improve their business processes. Lottery operators are also incorporating AI technology into their online gambling websites to improve the user experience. The integration of digital tools such as AI in lottery platforms is expected to augment the growth of the lottery market in North America. Lottery operators use AI to analyze the risk appetite behavior of users, find the most lucrative player, and predict the winners and losers during lottery games. This helps them make decisions on providing incentives and freebies to players. For instance, most major lottery operators in Macau, such as Las Vegas Sands and MGM Resorts International, use advanced technologies such as AI and facial recognition. AI is gaining traction among lottery operators. During the forecast period, the increasing use of AI among lottery operators is expected to maximize profits. Thus, the implementation of AI in the lottery industry will likely have a positive impact on the growth of the lottery market in North America during the forecast period.

Key Lottery Market in North America Challenge

Security and credibility issues related to lotteries are the major challenge to the lottery market growth in North America. Security and credibility issues in online lotteries are major challenges for the lottery market in North America. While the number of cybercrimes is on the rise in the region, incidents of people being defrauded over promises of winning an online lottery have become a concern. Most lottery websites do not have a proper dispute resolution framework, lack transparency in cash prize payouts, and do not have fair and responsible casino gaming standards, all of which reduce the credibility of gambling operators and platform providers. Such credibility issues affect the scaling of the lottery business and discourage new users from joining lottery games. Thus, security and credibility issues related to lotteries hinder the growth of the lottery market in North America during the forecast period.

This lottery market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the North American Lottery Market as a part of the global casinos and gaming market within the overall global hotels, restaurants, and leisure 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 in North America during the forecast period.

Who are the Major Lottery Market in North America Vendors?

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

This statistical study of the lottery market in North America encompasses successful business strategies deployed by the key vendors. The lottery market in North America is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

arizonalottery.com - The company offers lotteries such as Mega Millions, Powerball, The Pick, and Triple Twist.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report on the lottery market in North America contains comprehensive market knowledge and an in-depth vendor landscape add-on to an analysis of the key vendors.

Lottery Market in North America Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the lottery market in North America, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global hotels, restaurants, and leisure market includes the following core components:

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

What are the Revenue-generating Platform Segments in the Lottery Market in North America?

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The lottery market in North America share growth in the traditional platform segment will be significant during the forecast period. The traditional platform comprises offline lottery shops where users buy physical lottery tickets to participate in lottery events. The demand for offline lotteries is mainly driven by the expansion of lottery retailers, the increasing lottery prize money, and the liberalization of government regulations. Traditional platforms include casinos and designated outlets, which are typically found in residential areas. To expand their reach, vendors are focusing on new sales strategies and expanding into the retail selling model by deploying slot machines and partnering with retail outlets, such as supermarkets and convenience stores. Such strategies by vendors will drive the growth of the traditional platform segment of the lottery market in North America during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the lottery market in North America size and actionable market insights on the post-COVID-19 impact on each segment.

Lottery Market in North America Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.4%
Market growth 2022-2026	$50.25 billion
Market structure	Fragmented
YoY growth (%)	5.0
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Arizona Lottery, Camelot UK Lotteries Ltd., Colorado Lottery, Connecticut Lottery Corp., Delaware State Lottery, Florida Lottery, Flutter Entertainment Plc, Georgia Lottery Corp., Hoosier Lottery, Missouri Lottery, New York State Gaming Commission, Pennsylvania Lottery, Pollard Banknote Ltd., Scientific Games LLC, STRATACACHE, Texas Lottery Commission, and The California State Lottery
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, and 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.

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What are the Key Data Covered in this Lottery Market In North America Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive the lottery market in North America's growth during the next five years
Precise estimation of the lottery market in North America size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the lottery industry across North America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of vendors in the lottery market in North America

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Platform
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- 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 North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)
- Exhibit 16: Chart on North America: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2021 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 Platform

5.1 Market segments
- Exhibit 25: Chart on Platform - Market share 2021-2026 (%)
- Exhibit 26: Data Table on Platform - Market share 2021-2026 (%)

5.2 Comparison by Platform
- Exhibit 27: Chart on Comparison by Platform
- Exhibit 28: Data Table on Comparison by Platform

5.3 Traditional - Market size and forecast 2021-2026
- Exhibit 29: Chart on Traditional - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Data Table on Traditional - Market size and forecast 2021-2026 ($ billion)
- Exhibit 31: Chart on Traditional - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Traditional - Year-over-year growth 2021-2026 (%)

5.4 Online - Market size and forecast 2021-2026
- Exhibit 33: Chart on Online - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Data Table on Online - Market size and forecast 2021-2026 ($ billion)
- Exhibit 35: Chart on Online - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Online - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Platform
- Exhibit 37: Market opportunity by Platform ($ billion)

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 38: Chart on Type - Market share 2021-2026 (%)
- Exhibit 39: Data Table on Type - Market share 2021-2026 (%)

6.2 Comparison by Type
- Exhibit 40: Chart on Comparison by Type
- Exhibit 41: Data Table on Comparison by Type

6.3 Scratch-off games - Market size and forecast 2021-2026
- Exhibit 42: Chart on Scratch-off games - Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on Scratch-off games - Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on Scratch-off games - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Scratch-off games - Year-over-year growth 2021-2026 (%)

6.4 Terminal-based games - Market size and forecast 2021-2026
- Exhibit 46: Chart on Terminal-based games - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on Terminal-based games - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on Terminal-based games - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Terminal-based games - Year-over-year growth 2021-2026 (%)

6.5 Sports lotteries - Market size and forecast 2021-2026
- Exhibit 50: Chart on Sports lotteries - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Sports lotteries - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Sports lotteries - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Sports lotteries - Year-over-year growth 2021-2026 (%)

6.6 Market opportunity by Type
- Exhibit 54: Market opportunity by Type ($ 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 US - Market size and forecast 2021-2026
- Exhibit 60: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 61: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 62: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 63: Data Table on US - Year-over-year growth 2021-2026 (%)

8.4 Canada - Market size and forecast 2021-2026
- Exhibit 64: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 65: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 66: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 67: Data Table on Canada - Year-over-year growth 2021-2026 (%)

8.5 Mexico - Market size and forecast 2021-2026
- Exhibit 68: Chart on Mexico - Market size and forecast 2021-2026 ($ billion)
- Exhibit 69: Data Table on Mexico - Market size and forecast 2021-2026 ($ billion)
- Exhibit 70: Chart on Mexico - Year-over-year growth 2021-2026 (%)
- Exhibit 71: Data Table on Mexico - Year-over-year growth 2021-2026 (%)

8.6 Market opportunity by geography
- Exhibit 72: 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 73: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 74: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 75: Overview on factors of disruption

10.4 Industry risks
- Exhibit 76: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 77: Vendors covered

11.2 Market positioning of vendors
- Exhibit 78: Matrix on vendor position and classification

11.3 Arizona Lottery
- Exhibit 79: Arizona Lottery - Overview
- Exhibit 80: Arizona Lottery - Product / Service
- Exhibit 81: Arizona Lottery - Key offerings

11.4 Camelot UK Lotteries Ltd.
- Exhibit 82: Camelot UK Lotteries Ltd. - Overview
- Exhibit 83: Camelot UK Lotteries Ltd. - Product / Service
- Exhibit 84: Camelot UK Lotteries Ltd. - Key offerings

11.5 Colorado Lottery
- Exhibit 85: Colorado Lottery - Overview
- Exhibit 86: Colorado Lottery - Product / Service
- Exhibit 87: Colorado Lottery - Key offerings

11.6 Connecticut Lottery Corp.
- Exhibit 88: Connecticut Lottery Corp. - Overview
- Exhibit 89: Connecticut Lottery Corp. - Product / Service
- Exhibit 90: Connecticut Lottery Corp. - Key offerings

11.7 Delaware State Lottery
- Exhibit 91: Delaware State Lottery - Overview
- Exhibit 92: Delaware State Lottery - Product / Service
- Exhibit 93: Delaware State Lottery - Key offerings

11.8 Florida Lottery
- Exhibit 94: Florida Lottery - Overview
- Exhibit 95: Florida Lottery - Product / Service
- Exhibit 96: Florida Lottery - Key offerings

11.9 Georgia Lottery Corp.
- Exhibit 97: Georgia Lottery Corp. - Overview
- Exhibit 98: Georgia Lottery Corp. - Product / Service
- Exhibit 99: Georgia Lottery Corp. - Key offerings

11.10 Missouri Lottery
- Exhibit 100: Missouri Lottery - Overview
- Exhibit 101: Missouri Lottery - Product / Service
- Exhibit 102: Missouri Lottery - Key offerings

11.11 STRATACACHE
- Exhibit 103: STRATACACHE - Overview
- Exhibit 104: STRATACACHE - Product / Service
- Exhibit 105: STRATACACHE - Key offerings

11.12 The California State Lottery
- Exhibit 106: The California State Lottery - Overview
- Exhibit 107: The California State Lottery - Product / Service
- Exhibit 108: The California State Lottery - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 109: Inclusions checklist
- Exhibit 110: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 111: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 112: Research methodology
- Exhibit 113: Validation techniques employed for market sizing
- Exhibit 114: Information sources

12.5 List of abbreviations
- Exhibit 115: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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