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Lottery Market by Platform, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Feb 2023
  • Pages: 157
  • SKU: IRTNTR40859
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The lottery market is estimated to grow at a CAGR of 6.96% between 2022 and 2027. The size of the market is forecast to increase by USD 182.44 billion. The growth of the market depends on several factors, including increasing penetration of online lottery, the growing popularity of lottery due to low-cost adoption and easy availability, and the adoption of social media marketing for lottery promotion. 

This report extensively covers market segmentation by platform (offline and online), type (terminal-based games, scratch-off games, and sports lotteries), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Lottery Market During the Forecast Period?

Lottery Market Size

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Lottery Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing penetration of online lottery is notably driving the market growth, although factors such as the socio-economic impact of lotteries may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Lottery Market Driver

The increasing penetration of online lottery is notably driving market growth. The growth in the online lottery is attributed to the growing penetration of the internet and smartphones. The digital revolution has started changing the market landscape as well, with the global market shifting toward using online platforms for virtual lotteries. 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.

Moreover, vendors are using advanced technologies such as graphics and interactive bots, which have become popular in the gaming arena, to make online lottery more attractive to 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 into the growing use of smartphones by consumers. Moreover, the penetration of online gaming in developing countries such as India propels the online market. For instance, in 2023, real-money gamers who play online are expected to amount to 150 million in India. Hence, the digital revolution is expected to impact the global market positively during the forecast period.

Significant Lottery Market Trend

The growing use of lottery money for good causes is an emerging trend in the market. The advent of government-organized gambling in the form of state and national lotteries is one of the significant changes in the global gambling market. Historically, the lottery was considered a vice akin to drug addiction, which has now changed due to various fair gambling campaigns and has also led to the legalization of different forms of gambling. As governments gain huge revenue from running the lottery, they have been actively promoting it to attract gamblers as well as non-gamblers to start getting involved for a good cause.

Lotteries have become one of the income sources for various governments. In order to maintain interest among consumers, government-run lotteries have started providing a variety of lottery games and increased spending on advertising to boost awareness. The revenue generated from lotteries is used for building public facilities such as educational institutions and educational programs. This, in turn, aids in the growth of the global market during the forecast period.

Major Lottery Market Challenge

The socio-economic impact of lotteries is a major challenge impeding market growth. Lottery impacts the social and economic environment in a country, which remains a major concern among various authorities and the general public. Although people are aware that the chances of winning are less, they are buying lotteries and losing a huge amount of money every year collectively. 

The lottery can lead to addiction, loss of sleep, and depression due to high debt and bankruptcy, which can impact the social and economic environment in the country. Bankruptcy and increased debt are the most common effects of the lottery. On average, gambling addicts have more than double the debt when compared with non-gambling households, and such effects can be seen globally in various countries, including the US, New Zealand, and Australia. Furthermore, the crime rate is also affected as people who are addicted to the lottery try to find ways to finance their addiction and end up committing a crime or illegal activities such as passing counterfeit money, theft, and fraud. Hence, such factors are expected to hamper the growth of the global market during the forecast period.

Key Lottery Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Lottery Market Share by Geography

Global Lottery Market Customer Landscape

Who are the Major Lottery Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Berjaya Corp. Berhad -  The company offers a diversified portfolio of real estate, financial services, food and beverages, and casinos. The company offers a lottery through its business STM lottery.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Arizona Lottery
  • Agento N.V.
  • Camelot UK Lotteries Ltd.
  • China LotSynergy Holdings Ltd.
  • Colorado Lottery
  • Florida Lottery
  • Gaming China
  • Georgia Lottery Corp.
  • International Game Technology plc
  • INTRALOT SA
  • Jumbo Interactive Ltd.
  • Lotto NZ
  • Maruhan Co. Ltd.
  • New York State Gaming Commission
  • Scientific Games LLC

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Lottery Market?

The market share growth by the offline segment will be significant during the forecast period. The offline segment accounted for the largest share of the global market in 2021 and is expected to continue the same during the forecast period, owing to its global presence and high awareness among consumers. Factors supporting the growth of the market are the growing disposable income of people, which is aiding in increasing their spending on leisure activities, including lotteries, thus promoting the sales of lotteries from traditional ways. Moreover, the traditional purchase of lottery tickets ensures safety from online fraud and scams.

Lottery Market Size

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The offline segment was valued at USD 350.74 billion in 2017 and continue to grow by 2021Offline platforms include casinos as well as 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. This provides great convenience to consumers as well as increases the presence of vendors, which increases the chances of people buying lotteries. Moreover, casinos offer various discounts to attract customers, which also favors the growth of the offline segment. Furthermore, various governments are promoting the lottery as an activity that supports a good cause, which is also driving the demand for offline lotteries. Therefore, due to such factors, the offline segment is expected to expand during the forecast period.

Which are the Key Regions for the Lottery Market?

Lottery Market Share by Geography

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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The major factors driving the market in North America are the growing adoption of technology and digital platforms and the favorable trend of several states legalizing various forms of gambling. The relaxation of regulations with respect to different forms of gambling is also creating a positive environment for the market in North America. Vendors are expanding their sales channels by deploying more virtual lottery terminals as well as partnering with retailers, which is helping them to increase their bottom-line profit.

The laws regarding gambling, including lottery, are governed by each state, which makes it a complex market to penetrate, especially for international vendors. Currently, around 48 states have legalized lottery, while others are expected to adopt it soon as governments face budget-balancing pressure along with increased spending on public infrastructure. As more states in the US are expected to legalize the lottery in the future, there is a huge scope for growth. Furthermore, the market growth is underpinned by the growth in the economy, which has increased the disposable income of people and led to increased spending on luxury purchases, such as buying lottery tickets. Thus, owing to such factors the regional market is expected to grow during the forecast period.

The North American Association of State and Provincial Lotteries stated that lottery venues experienced varying degrees of sales reductions due to the COVID-19 pandemic in 2020. However, from 2021 onwards, the gradual growth of the regional market has been aided by the easing of lockdowns and the large-scale COVID-19 vaccination drives carried out in various countries in the region. The market in North America is witnessing various opportunities as vendors are focusing on tapping into new sales channels and expanding into retail stores. However, this would require huge investments in technology and the introduction of products that are attractive and beneficial for retailers to deploy in their stores. This will help vendors increase their footprint by expanding into different types of retail formats as well as remote locations. All these factors are expected to drive the growth of the market in North America during the forecast period. 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Platform Outlook (USD Billion, 2017 - 2027)
    • Offline
    • Online
  • Type Outlook (USD Billion, 2017 - 2027)
    • Terminal-based games
    • Scratch-off games
    • Sports lotteries
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Parent Market Analysis

Technavio categorizes the global lottery market as a part of the global casinos and gaming market within the overall global hotels, restaurants, and leisure market. The parent global casinos and gaming market cover products and companies engaged in casinos and gambling facilities and operations.  Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Lottery Market Scope

Report Coverage

Details

Page number

157

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.96%

Market growth 2023-2027

USD 182.44 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

6.56

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, Italy, France, and Spain

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Agento N.V, Arizona Lottery, Berjaya Corp. Berhad, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Colorado Lottery, Florida Lottery, Gaming China, Georgia Lottery Corp., International Game Technology plc, INTRALOT SA, Jumbo Interactive Ltd., Lotto NZ, Maruhan Co. Ltd., New York State Gaming Commission, Scientific Games LLC, STRATACACHE, Tabcorp Holdings Ltd., 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, 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 Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the lottery market between 2023 and 2027
  • Precise estimation of the size of the lottery market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of lottery market vendors

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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 Global 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 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global lottery market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global lottery market 2017 - 2021 ($ billion)
    • 4.2 Platform Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Platform Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Platform

    • 6.1 Market segments
      • Exhibit 30: Chart on Platform - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Platform - Market share 2022-2027 (%)
    • 6.2 Comparison by Platform
      • Exhibit 32: Chart on Comparison by Platform
      • Exhibit 33: Data Table on Comparison by Platform
    • 6.3 Offline - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 6.4 Online - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Platform
      • Exhibit 42: Market opportunity by Platform ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Platform ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Terminal-based games - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Terminal-based games - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on Terminal-based games - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on Terminal-based games - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Terminal-based games - Year-over-year growth 2022-2027 (%)
    • 7.4 Scratch-off games - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Scratch-off games - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Scratch-off games - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Scratch-off games - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Scratch-off games - Year-over-year growth 2022-2027 (%)
    • 7.5 Sports lotteries - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Sports lotteries - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Sports lotteries - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Sports lotteries - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Sports lotteries - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 60: Market opportunity by Type ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Italy - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 Spain - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Spain - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Spain - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Spain - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Spain - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Agento N.V
              • Exhibit 115: Agento N.V - Overview
              • Exhibit 116: Agento N.V - Product / Service
              • Exhibit 117: Agento N.V - Key offerings
            • 12.4 Berjaya Corp. Berhad
              • Exhibit 118: Berjaya Corp. Berhad - Overview
              • Exhibit 119: Berjaya Corp. Berhad - Product / Service
              • Exhibit 120: Berjaya Corp. Berhad - Key offerings
            • 12.5 Camelot UK Lotteries Ltd.
              • Exhibit 121: Camelot UK Lotteries Ltd. - Overview
              • Exhibit 122: Camelot UK Lotteries Ltd. - Product / Service
              • Exhibit 123: Camelot UK Lotteries Ltd. - Key offerings
            • 12.6 China LotSynergy Holdings Ltd.
              • Exhibit 124: China LotSynergy Holdings Ltd. - Overview
              • Exhibit 125: China LotSynergy Holdings Ltd. - Product / Service
              • Exhibit 126: China LotSynergy Holdings Ltd. - Key offerings
            • 12.7 Colorado Lottery
              • Exhibit 127: Colorado Lottery - Overview
              • Exhibit 128: Colorado Lottery - Product / Service
              • Exhibit 129: Colorado Lottery - Key offerings
            • 12.8 Florida Lottery
              • Exhibit 130: Florida Lottery - Overview
              • Exhibit 131: Florida Lottery - Product / Service
              • Exhibit 132: Florida Lottery - Key offerings
            • 12.9 Georgia Lottery Corp.
              • Exhibit 133: Georgia Lottery Corp. - Overview
              • Exhibit 134: Georgia Lottery Corp. - Product / Service
              • Exhibit 135: Georgia Lottery Corp. - Key offerings
            • 12.10 International Game Technology plc
              • Exhibit 136: International Game Technology plc - Overview
              • Exhibit 137: International Game Technology plc - Business segments
              • Exhibit 138: International Game Technology plc - Key offerings
              • Exhibit 139: International Game Technology plc - Segment focus
            • 12.11 INTRALOT SA
              • Exhibit 140: INTRALOT SA - Overview
              • Exhibit 141: INTRALOT SA - Business segments
              • Exhibit 142: INTRALOT SA - Key offerings
              • Exhibit 143: INTRALOT SA - Segment focus
            • 12.12 Lotto NZ
              • Exhibit 144: Lotto NZ - Overview
              • Exhibit 145: Lotto NZ - Product / Service
              • Exhibit 146: Lotto NZ - Key offerings
            • 12.13 New York State Gaming Commission
              • Exhibit 147: New York State Gaming Commission - Overview
              • Exhibit 148: New York State Gaming Commission - Product / Service
              • Exhibit 149: New York State Gaming Commission - Key offerings
            • 12.14 Scientific Games LLC
              • Exhibit 150: Scientific Games LLC - Overview
              • Exhibit 151: Scientific Games LLC - Business segments
              • Exhibit 152: Scientific Games LLC - Key offerings
              • Exhibit 153: Scientific Games LLC - Segment focus
            • 12.15 STRATACACHE
              • Exhibit 154: STRATACACHE - Overview
              • Exhibit 155: STRATACACHE - Product / Service
              • Exhibit 156: STRATACACHE - Key offerings
            • 12.16 The California State Lottery
              • Exhibit 157: The California State Lottery - Overview
              • Exhibit 158: The California State Lottery - Product / Service
              • Exhibit 159: The California State Lottery - Key offerings
            • 12.17 The Hong Kong Jockey Club
              • Exhibit 160: The Hong Kong Jockey Club - Overview
              • Exhibit 161: The Hong Kong Jockey Club - Product / Service
              • Exhibit 162: The Hong Kong Jockey Club - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 163: Inclusions checklist
                • Exhibit 164: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 165: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 166: Research methodology
                • Exhibit 167: Validation techniques employed for market sizing
                • Exhibit 168: Information sources
              • 13.5 List of abbreviations
                • Exhibit 169: 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?
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              Lottery market growth will increase by $182.44 billion during 2023-2027.
              The lottery market is expected to grow at a CAGR of 6.96% during 2023-2027.
              Technavio has segmented the lottery market by platform (Offline, Online, and Sports lotteries) ,type (Terminal-based games, Scratch-off games, Sports lotteries, South America, and Middle East and Africa) , and geography (North America, APAC, Europe, South America, and Middle East and Africa).
              Agento N.V, Arizona Lottery, Berjaya Corp. Berhad, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Colorado Lottery, Florida Lottery, Gaming China, Georgia Lottery Corp., International Game Technology plc, INTRALOT SA, Jumbo Interactive Ltd., Lotto NZ, Maruhan Co. Ltd., New York State Gaming Commission, Scientific Games LLC, STRATACACHE, Tabcorp Holdings Ltd., 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 35.77% 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
              • Adoption of advanced technologies by lottery operators
              The lottery market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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