Mexico Lottery Market by Platform and Type - Forecast and Analysis 2023-2027
| Published: Feb 2023 | Pages: 122 | SKU: IRTNTR74999 |
Mexico - Lottery Market Report 2023-2027
Mexico - Lottery market size is estimated to grow at a CAGR of 9.3% between 2022 and 2027. The market size is forecast to increase by USD 3,537.24 million.
Our report offers in-depth analysis of market drivers, trends, opportunities, challenges, and restraints, with segmentation by Type (draw-based lotteries, sports lotteries, instant lotteries, and others). Additionally, Technavio provides valuable insights through value chain analysis, parent market analysis, Porter’s Five analysis, vendor analysis, and COVID-19 impact data. The report also includes a thorough analysis of historical market data from 2017 to 2021.
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Lottery Market In Mexico Analysis and Insights
The notable driver behind the growth of the Mexico lottery market is the potential for a high return on investment (ROI). The market offers the chance for substantial ROI through rewards in the form of physical goods and monetary benefits, determined by the lottery's price and scheme. In Mexico, the maximum winning jackpot has no limit, contributing to the high ROI despite low winning odds.
Lotteries, known for providing the highest return in the gaming industry, allow customers to potentially win significant sums with just a few dollars invested. The entire prize money is guaranteed to be paid out on the event night, and the likelihood of winning a cash prize can be as high as 1 in 5. This trend of increased consumer investment in lottery tickets is expected to propel market growth in the forecast period.
The key trend shaping the Mexico lottery market is the growing prevalence of online lottery participation. Increased Internet and smartphone usage have led to a rising demand for online lotteries, with the market transitioning towards virtual platforms. The accessibility of the Internet and a variety of mobile apps facilitates consumer participation. Vendors leverage advanced technologies like graphics and interactive bots to attract participants.
Security and credibility issues, driven by a rise in cybercrimes targeting online lottery platforms, may hinder the growth of the Mexico lottery market. These concerns include the vulnerability of user information, the prevalence of lottery scams via various communication channels, and the lack of advanced cybersecurity measures on many platforms. Additionally, the absence of a robust dispute resolution framework and transparency in cash prize payouts diminishes the credibility of operators, discouraging new users and impacting the market's expansion in Mexico.
Lottery Market In Mexico Segmentation
The market share growth by the offline segment will be significant during the forecast period. The offline platform includes land-based lottery shops where users can buy physical lottery tickets to participate in lottery events. The growth of the offline segment is attributed to factors such as the expansion of lottery retailers, increasing lottery prize money, and liberalization of government regulations.
Lottery Market in Mexico
By Platform
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The offline segment was valued at USD 3,558.43 million in 2017 and continued to grow by 2021. Lottery operators are focusing on expanding their retailer networks to provide customers with easy access to tickets. The offline platform in the lottery market in Mexico is likely to grow owing to the easy accessibility of lottery tickets. Vendors are also focusing on new sales strategies and are expanding into the retail selling model by deploying slot machines and partnering with retail outlets such as supermarkets and convenience stores. Such strategies will drive the growth of the offline platform segment during the forecast period.
Lottery Market In Mexico Customer Landscape
The market research 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.
Segment Overview
The lottery market in Mexico 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.
- Type Outlook (USD Million, 2017 - 2027)
- Draw-based lotteries
- Sports lotteries
- Instant lotteries
- Others
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Lottery Market In Mexico Scope |
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Report Coverage |
Details |
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Page number |
122 |
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Base year |
2022 |
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Historic period |
2018 - 2022 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.3% |
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Market growth 2023-2027 |
USD 3,537.24 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
9.05 |
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Regional analysis |
Mexico |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Arizona Lottery, Bet365 Group Ltd., Electronic and Communication Media SAPI de CV, Ensenanza e Investigacion Superior AC, EU Lotto Ltd., Florida Lottery, Gammastack Inc., Georgia Lottery Corp., Hoosier Lottery, International Game Technology plc, Interwetten Gaming Ltd., INTRALOT SA, Juega Lotto SA de CV, Latino Arts Inc., Legacy Eight Curacao NV, New Mexico Lottery, Pennsylvania Lottery, Pollard Banknote Ltd., TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV, and Winland Group |
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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 forecast period |
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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. |
What are the Key Data Covered in this Lottery Market In Mexico Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the market industry across Mexico
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
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 Segmentation by Platform
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
- Exhibit 12: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Chart on Mexico: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on Mexico: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Lottery market in Mexico 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on Lottery market in Mexico 2017 - 2021 ($ million)
- 4.2 Platform Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Platform Segment 2017 - 2021 ($ million)
- 4.3 Type Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Type Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Platform
- 6.1 Market segments
- Exhibit 25: Chart on Platform - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Platform - Market share 2022-2027 (%)
- 6.2 Comparison by Platform
- Exhibit 27: Chart on Comparison by Platform
- Exhibit 28: Data Table on Comparison by Platform
- 6.3 Offline - Market size and forecast 2022-2027
- Exhibit 29: Chart on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 30: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 31: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Offline - Year-over-year growth 2022-2027 (%)
- 6.4 Online - Market size and forecast 2022-2027
- Exhibit 33: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Online - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Platform
- Exhibit 37: Market opportunity by Platform ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 38: Chart on Type - Market share 2022-2027 (%)
- Exhibit 39: Data Table on Type - Market share 2022-2027 (%)
- 7.2 Comparison by Type
- Exhibit 40: Chart on Comparison by Type
- Exhibit 41: Data Table on Comparison by Type
- 7.3 Draw-based lotteries - Market size and forecast 2022-2027
- Exhibit 42: Chart on Draw-based lotteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Draw-based lotteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Draw-based lotteries - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Draw-based lotteries - Year-over-year growth 2022-2027 (%)
- 7.4 Sports lotteries - Market size and forecast 2022-2027
- Exhibit 46: Chart on Sports lotteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Sports lotteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Sports lotteries - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Sports lotteries - Year-over-year growth 2022-2027 (%)
- 7.5 Instant lotteries - Market size and forecast 2022-2027
- Exhibit 50: Chart on Instant lotteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on Instant lotteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on Instant lotteries - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Instant lotteries - Year-over-year growth 2022-2027 (%)
- 7.6 Others - Market size and forecast 2022-2027
- Exhibit 54: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 55: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 57: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.7 Market opportunity by Type
- Exhibit 58: Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 60: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 61: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 62: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 63: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 64: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 65: Matrix on vendor position and classification
- 11.3 Arizona Lottery
- Exhibit 66: Arizona Lottery - Overview
- Exhibit 67: Arizona Lottery - Product / Service
- Exhibit 68: Arizona Lottery - Key offerings
- 11.4 Bet365 Group Ltd.
- Exhibit 69: Bet365 Group Ltd. - Overview
- Exhibit 70: Bet365 Group Ltd. - Product / Service
- Exhibit 71: Bet365 Group Ltd. - Key offerings
- 11.5 Electronic and Communication Media SAPI de CV
- Exhibit 72: Electronic and Communication Media SAPI de CV - Overview
- Exhibit 73: Electronic and Communication Media SAPI de CV - Product / Service
- Exhibit 74: Electronic and Communication Media SAPI de CV - Key offerings
- 11.6 Ensenanza e Investigacion Superior AC
- Exhibit 75: Ensenanza e Investigacion Superior AC - Overview
- Exhibit 76: Ensenanza e Investigacion Superior AC - Product / Service
- Exhibit 77: Ensenanza e Investigacion Superior AC - Key offerings
- 11.7 EU Lotto Ltd.
- Exhibit 78: EU Lotto Ltd. - Overview
- Exhibit 79: EU Lotto Ltd. - Product / Service
- Exhibit 80: EU Lotto Ltd. - Key offerings
- 11.8 Florida Lottery
- Exhibit 81: Florida Lottery - Overview
- Exhibit 82: Florida Lottery - Product / Service
- Exhibit 83: Florida Lottery - Key offerings
- 11.9 Gammastack Inc.
- Exhibit 84: Gammastack Inc. - Overview
- Exhibit 85: Gammastack Inc. - Product / Service
- Exhibit 86: Gammastack Inc. - Key offerings
- 11.10 International Game Technology plc
- Exhibit 87: International Game Technology plc - Overview
- Exhibit 88: International Game Technology plc - Business segments
- Exhibit 89: International Game Technology plc - Key offerings
- Exhibit 90: International Game Technology plc - Segment focus
- 11.11 Interwetten Gaming Ltd.
- Exhibit 91: Interwetten Gaming Ltd. - Overview
- Exhibit 92: Interwetten Gaming Ltd. - Product / Service
- Exhibit 93: Interwetten Gaming Ltd. - Key offerings
- 11.12 INTRALOT SA
- Exhibit 94: INTRALOT SA - Overview
- Exhibit 95: INTRALOT SA - Business segments
- Exhibit 96: INTRALOT SA - Key offerings
- Exhibit 97: INTRALOT SA - Segment focus
- 11.13 Legacy Eight Curacao NV
- Exhibit 98: Legacy Eight Curacao NV - Overview
- Exhibit 99: Legacy Eight Curacao NV - Product / Service
- Exhibit 100: Legacy Eight Curacao NV - Key offerings
- 11.14 New Mexico Lottery
- Exhibit 101: New Mexico Lottery - Overview
- Exhibit 102: New Mexico Lottery - Product / Service
- Exhibit 103: New Mexico Lottery - Key offerings
- 11.15 Pollard Banknote Ltd.
- Exhibit 104: Pollard Banknote Ltd. - Overview
- Exhibit 105: Pollard Banknote Ltd. - Business segments
- Exhibit 106: Pollard Banknote Ltd. - Key offerings
- Exhibit 107: Pollard Banknote Ltd. - Segment focus
- 11.16 TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV
- Exhibit 108: TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV - Overview
- Exhibit 109: TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV - Product / Service
- Exhibit 110: TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV - Key offerings
- 11.17 Winland Group
- Exhibit 111: Winland Group - Overview
- Exhibit 112: Winland Group - Product / Service
- Exhibit 113: Winland Group - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 114: Inclusions checklist
- Exhibit 115: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 116: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 117: Research methodology
- Exhibit 118: Validation techniques employed for market sizing
- Exhibit 119: Information sources
- 12.5 List of abbreviations
- Exhibit 120: 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.
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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lottery market market
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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