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Lottery

Statistical Report on Lottery Market Size Rise at +3.10% CAGR by 2028, Worth US$ 405.20 Billion – Report by Facts & Factors (FnF)

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Facts and Factors has published a new research report titled “Lottery Market Size, Share, Growth Analysis Report By Type (Terminal-Based Games, Scratch-off Games, Sports Lotteries), By Mode (Offline, Online), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.

“According to the latest research study, the demand of global Lottery Market size & share was valued at approximately USD 366.55 billion in 2021. The market is expected to grow above a CAGR of 3.10% and is anticipated to reach over USD 405.20 billion by 2028.”

The report analyses the Lottery market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Lottery market.

Lottery Market Overview:

In the case of a lottery, the winning numbers are selected at random. While some countries outlaw lotteries, others even go so far as to create a national or state lottery. The most common restriction is the prohibition on sales to minors and the requirement that retailers hold a license before selling lottery tickets. Governments often regulate the sale of lottery tickets. Most gambling activities, including lotteries and sweepstakes, had been made illegal in the US, most of Europe, and a few other countries by the turn of the 20th century, even though they were widespread in the US and a few other countries during the 19th century. Globally, lotteries and casinos had resurgence in the 1960s as a way for governments to collect money without raising taxes. Lotteries come in a variety of formats. The prize could be something particular, like money or merchandise.

Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs – https://www.fnfresearch.com/sample/lottery-market

(Before you plan to buy, sample reports are a great option to examine our in-depth studies or reports)

Our Free Sample Report Consists of the Following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 231+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historical and Forecast Growth, Porter’s 5 Forces Analysis
  • Facts and Factors research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Market Dynamics:

Growth Drivers

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  • The expanding use of online lotteries has driven market growth

One of the key factors driving growth in the global lottery market is the rising popularity of online lottery. The spread of the online lottery is attributed to the rise in smartphone and Internet usage. Due to the availability of different mobile apps and online platforms, as well as the ease of access to the Internet, customers can participate in the lottery. Vendors are utilizing cutting-edge technologies, such as interactive bots and graphics, which have become standard in the gaming sector to increase the consumer attractiveness of the online lottery. Due to the severe restrictions on lotteries in many regions, the global lottery market will encounter substantial obstacles during the projected period. Lotteries are one type of gambling that is heavily controlled in many countries. The industry is closely correlated with social responsibility. Therefore it makes sense that it would be heavily regulated. Adopting technologies by lottery operators is one change in the lottery industry projected to impact the market in the coming years positively.

Restraints

  • Government restrictions on the lottery hamper the market growth

The global lottery sector is closely regulated and mostly dominated by governmental organizations, making corporate expansion difficult. Instead of doing business, as usual, sellers started focusing on creating new methods for interacting with clients. To do this, businesses need to identify cutting-edge technology that can increase the allure of the offline lottery.

Key questions answered in this report:

  • What is the market size and growth rate forecast for Lottery industry?
  • What is the main driving factors propelling the Lottery Market forward?
  • What are the leading companies in the Lottery Industry?
  • What segments does the Lottery Market cover?
  • How can I receive a free copy of the Lottery Market sample report and company profiles?

Browse the full “Lottery Market Size, Share, Growth Analysis Report By Type (Terminal-Based Games, Scratch-off Games, Sports Lotteries), By Mode (Offline, Online), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028″ report at https://www.fnfresearch.com/lottery-market

Lottery Market: COVID-19 Impact Analysis

Because of the widespread implementation of strict new laws all around the world in response to the COVID-19 pandemic, the lottery industry has been negatively impacted. However, since the pandemic, there has been a substantial increase in the market’s adoption of its internet component. As a result of the lockdown that was caused by COVID-19, offline lottery ticket vendors and other gaming firms were had to close their doors. The growth in popularity of online gambling may lead to an increase in the number of tickets purchased for online lotteries, which would be beneficial for the continued health of the sector during the epidemic. Gamblers who have a lot of spare time and wager consistently incur big losses as a result of their behaviour. Addiction to gambling is a potential consequence of this behaviour. It is required that all gambling platforms provide services for responsible gambling in order to assist those who have been negatively influenced by gambling.

Key Insights from Primary Research

  • As per the analysis, the Lottery market is likely to grow above a CAGR of around 3.10% between 2022 and 2028.
  • The Lottery market size was worth around US$ 366.55 Billion in 2021 and is estimated to hit approximately US$ 405.20 Billion by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on type segmentation, the terminal-based games category dominated the market in 2021.
  • By mode, the online segment dominated the market in 2021
  • On the basis of region, North America dominated the global lottery market in 2021.

Lottery Market: Segmentation Analysis

The global lottery market is segregated based on type, mode, and region.

Based on type, the market is segmented into terminal-based games, scratch-off games, and sports lotteries. The terminal-based games segment commanded the largest market share in the global lottery industry in 2021. Based on the mode, the global lottery market has been split into online and offline segments. The online sector of the lottery market will grow the fastest within the predicted time range.

Regional Analysis:

The global lottery market is segmented into geographical regions: North America, Latin America, Europe, Asia-Pacific, the Middle East, and Africa. The North American area is projected to grow at the highest CAGR during the forecasted year. The growing importance of entertainment options is one of the main factors boosting lottery demand in the North American market. The North American lottery business is regarded as the most well-liked globally due to how frequently telephones are used. US lotteries also provide an internet platform so that participants can take part from the comfort of their own homes. In addition, many global investors now prefer INTRALOT SA, one of the most well-known US lotteries. Other well-liked Canadian lottery games include Lotto Max, 6/49, and Lotto Daily Grand.

Report Scope:

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Report Attribute Details
Market Size in 2021 USD 366.55 Billion
Projected Market Size in 2028 USD 405.20 Billion
CAGR Growth Rate 3.10% CAGR
Base Year 2021
Forecast Years 2022-2028
Key Market Players Camelot GroupChina, LotSynergy Holdings Ltd., Florida Lottery, International Game Technology plc, Lotto NZ, New York State Gaming Commission, Scientific Games Corp., Brookfield Business Partners, California State Lottery, INTRALOT SA., and others.
Key Segment By Type, Mode, and Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options Request customized purchase options to meet your research needs.

Competitive Players

The report contains qualitative and quantitative research on the global Lottery Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.

Some of the main players in the global Lottery market include:

  • Camelot GroupChina
  • LotSynergy Holdings Ltd.
  • Florida Lottery
  • International Game Technology plc
  • Lotto NZ
  • New York State Gaming Commission
  • Scientific Games Corp.
  • Brookfield Business Partners
  • California State Lottery
  • INTRALOT SA.

Recent Industry Developments:

  • In 2021: On its official website, Crypto Millions Lotto announced the launch of four new lottery games. Two of the four games described above, India Fantasy 5 and India Million Lotto, have their headquarters in India; the other two, Powerball+ and Mega Millions+, have their headquarters in the United States.

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

The global Lottery market is segmented as follows:

By Type

  • Terminal-based games
  • Scratch-off games
  • Sports lotteries

By Mode

  • Online
  • Offline

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Key Offerings:

  • Market Size, Trends, & Forecast by Revenue | 2022−2028
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis by Type, Mode, and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Latest News

RG24seven Virtual Training and Cibelae Partner to Provide Training Across Ibero-American Lotteries

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RG24seven Virtual Training and Cibelae Partner to Provide Training Across Ibero-American Lotteries

 

RG24seven Virtual Training and the Corporación Iberoamericana de Loterías y Apuestas de Estado (Cibelae), the leading non-profit organization in providing and promoting resources to Ibero-American lotteries, have announced a new partnership to provide virtual training to members across all participating Ibero-American lotteries. This collaboration marks a significant step for both organizations in enhancing training and responsible gaming practices throughout the region.

Wendy Anderson, Chief Executive Officer of RG24seven, said, “Our virtual training is tailored for all gaming industry employees and is now available to all members of Cibelae in the Ibero-American lotteries. This partnership has allowed us to change the way lottery members engage with their training and further cements our commitment to make the training accessible to everyone in the industry, everywhere, at any time.”

This partnership with RG24seven represents a new service for Cibelae members. A spokesperson from Cibelae said, “This collaboration with RG24seven and the BMM Innovation Group (BIG) reflects our joint commitment to address critical subjects such as Responsible Gaming, Anti-Money Laundering, compliance, and corporate social responsibility.”

Anderson concluded, “Together, we are providing training for Ibero-American lotteries that balances compliance, player protection, and commercial objectives to ensure that the gaming industry is safe, sustainable, and fun. We invite all Cibelae member organizations to register to gain access to our world-class training for all of their employees.”

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Brightstar Lottery Modernizes Retail and Digital Solutions for Missouri Lottery with OMNIA Deployment

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Brightstar Lottery PLC announced that it will deploy its fully-integrated lottery solution, OMNIA, to modernize retail and digital solutions for the Missouri Lottery via an eight-year contract. OMNIA seamlessly connects retail and digital lottery channels and was designed to simplify operations and elevate player experiences. Brightstar will also enhance the Missouri Lottery’s digital program to include Connected Play, second-chance promotions and loyalty program.

“For more than 30 years, the Missouri Lottery has relied on Brightstar’s world-class technology and insight to help contribute more than $8.5 billion to public education throughout our state. We are excited to build upon this long-term partnership over the course of the next eight years and deliver new, premier experiences for our players,” said Lester Elder, Missouri Lottery Executive Director.

“Brightstar is honored to support the Missouri Lottery as it embraces the evolving lottery landscape and implements innovative solutions that will increase flexibility to manage its operations and engage players in new ways. We look forward to delivering these high-performing solutions, while helping the Lottery achieve its goals of maximizing funds to education,” said Scott Gunn, Brightstar Chief Operating Officer North America Lottery.

Brightstar will also deliver new retailer equipment including 5250 Retailer Pro S2s, 2220 GameTouch 28s, 75 GameTouch 20s, 250 GameTouch Draws, 1250 Digital Menu Boards, and an enhanced communications network. These solutions drive player engagement and offer versatility, reliability, and convenience, backed by the high performance and integrity of Brightstar’s market-leading central system.

Brightstar serves nearly 90 lottery customers and their players on six continents. It is the primary technology provider to 26 of the 46 lottery jurisdictions in the US and seven of the world’s 10 largest lotteries.

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Scientific Games Launches SG Content Hub in Columbia

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Scientific Games has launched the SG Content Hub in the District of Columbia, offering a curated selection of exciting games to DC Lottery players who play online. The lottery industry’s premier content aggregator brings digital games from Scientific Games and game studios worldwide to players, including the company’s own portfolio of more than 250 eInstant games from SG Studios and a suite of licensed brands. DC players are enjoying the new Mayhem Madness game from SG Studios, with Candy Coated Cash and Witchy Wins coming this fall.

The SG Content Hub launch expands Scientific Games’ longtime relationship with the DC Lottery for DC Scratchers games that began with the Lottery’s start-up in 1982.

The world’s largest lottery games company developed the SG Content Hub to serve the rapidly expanding digital lottery channel with a broad variety of engaging, unique iLottery game experiences. The SG Content Hub operates seamlessly with lottery gaming systems technology and iLottery platforms.

Randy Burnside, DC Lottery Executive Director, said: “The DC Lottery is thrilled to offer our players a wide selection of new and exciting games through the SG Content Hub. We are building on our success with DC Scratchers from Scientific Games and the company’s deep understanding of lottery players and the entertainment experience.”

Since its inception in 1982, the DC Lottery has awarded more than $4.8 billion in prizes, transferred more than $2.4 billion to the District’s General Fund, which supports essential services in the District, generated more than $501.4 million in commissions for its retail business partners, and helped local nonprofits raise more than $139.5 million in support of social causes.

Matt Lynch, President, Digital for Scientific Games, said: “We are excited to bring our global expertise, content and technology to the DC Lottery with an evolutionary content aggregator developed to offer players an exciting portfolio of iLottery games, with the agility to adapt to play preferences and market trends. The engaging variety of digital lottery games offered through the SG Content Hub ensures long-term sustainable growth for the DC Lottery and its beneficiary programs in the District of Columbia.”

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