Lottery Market by Type, Platform, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40859
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The lottery market share is expected to increase by USD 194.14 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9%.

This lottery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lottery market segmentation by type (terminal-based games, scratch-off games, and sports lotteries) and geography (APAC, Europe, North America, MEA, and South America). The lottery market report also 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, and The Hong Kong Jockey Club among others.

What will the Lottery Market Size be During the Forecast Period?

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

 

Lottery Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing penetration of online lottery is notably driving the lottery market growth, although factors such as stringent regulations on lottery in various regions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lottery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lottery Market Driver

The increasing penetration of online lottery will fuel the growth of the lottery market size. The growth in the online lottery is attributed to the growing penetration of the Internet and smartphones. Owing to the ease of access to the Internet and the availability of various mobile apps and online platforms, consumers are easily able to participate in the lottery. Vendors 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 to the above-mentioned benefits, an online lottery allows vendors to cross-sell other products in their portfolios. 

Key Lottery Market Trend

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. Rather than operating in a traditional manner, vendors started focusing on finding different ways to engage customers. This would require companies to identify emerging technologies that can help make the offline lottery more attractive. The growing use of online platforms by consumers has provided various opportunities to vendors. 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. By leveraging technology in sales channels and other facets of the lottery business, vendors can increase their customer base as well as maintain a competitive edge.

Key Lottery Market Challenge

The stringent regulations on the lottery in various regions will be a major challenge for the lottery market during the forecast period. A lottery is one of the forms of gambling, which is highly regulated across various countries. The industry is closely coupled with social responsibility, and hence, it is in the industry's nature to be heavily regulated. It also ensures that the public interest is protected, and the revenue collected through lottery sales is appropriately reallocated to participants and the society for various good causes. In many countries, the lottery is either run by government-owned entities, or the licenses are provided by the government to private entities for running a lottery business. Due to the high risk involved and great socio-economic impact, governments tend to regulate gambling and its different forms, which restricts the market entry of private players and affects market growth.

This lottery market 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 2021-2025.

Parent Market Analysis

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.

Who are the Major Lottery Market Vendors?

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

 

This statistical study of the lottery market encompasses successful business strategies deployed by the key vendors. 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.

Product Insights and News

  • Camelot UK Lotteries Ltd. - The company offers a wide range of lottery games such as Lotto, Euromillions, thunderball, lotto hotpicks, and others.

To make the most of the opportunities and recover from 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 lottery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Lottery Market Value Chain Analysis

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. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the casinos and gaming market includes the following core components:

  • Inputs
  • Operations
  • Services
  • Marketing and sales
  • Support activities
  • Innovation

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

Which are the Key Regions for Lottery Market?

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38% of the market’s growth will originate from APAC during the forecast period. China is the key market for the lottery in APAC. Market growth in this region will be faster than the growth of the market in the European and worth American 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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic has strained the lottery industry in APAC. The government of India closed venues and restricted traffic flow across and within borders. This is exacerbating weak consumer sentiment and leading to negative cash flows. Gaming equipment makers and lottery/betting operators were severely affected by the temporary closure of lottery venues. When lottery ticket sales resumed after the lockdown, coupons worth $47.25 were issued to active members registered with the Lottery Welfare Board. This move was aimed at alleviating the financial hardship faced by lottery sellers. 

What are the Revenue-generating Type Segments in the Lottery Market?

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The lottery market share growth by the terminal-based games segment will be significant during the forecast period.

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

 

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.

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive lottery market growth during the next five years
  • Precise estimation of the lottery market 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 APAC, Europe, North America, MEA, and South 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 lottery market vendors

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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

      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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The lottery market growth will increase by $194.14 billion during 2020-2025.
      The lottery market is expected to grow at a CAGR of 9.09% during 2020-2025.
      Technavio has segmented the lottery market by type (Terminal-based games, Scratch-off games, and Sports lotteries) ,platform (Offline and Online) , and geographic (APAC, Europe, North America, MEA, and South America).
      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 are a few of the key vendors in the lottery market.
      APAC will register the highest growth rate of 38.06% among the other regions. Therefore, the lottery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Italy
      • France
      • Spain
      The key factors driving the lottery market growth are:
      • Increasing penetration of online lottery
      The lottery market vendors should focus on grabbing business opportunities from the terminal-based games segment as it accounted for the largest market share in the base year.
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