Lottery
Statistical Report on Lottery Market Size Rise at +3.10% CAGR by 2028, Worth US$ 405.20 Billion – Report by Facts & Factors (FnF)
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
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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
- 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:
| 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
Latest News
EQL Games and Gaming Corps Announce Agreement to Deliver Innovative Gaming Solutions to State Lotteries
EQL Games has secured another strong content partnership with Gaming Corps, a listed innovative iGaming studio out of Sweden. With an emphasis on creating thrilling and unique adventures with mesmerizing graphics, every product Gaming Corps creates is designed to transport its players into a unique world of fun and excitement. EQL Games believes these games will be a great addition to the U.S. Lottery market knowing they’ll lead to uncharted realms of entertainment.
“Bringing Gaming Corps on as a provider to the EQL Games iLottery Aggregator represents an exciting step forward in our mission to bring unique, high-quality content to state lotteries,” said Brad Cummings, CEO of EQL Games. “Gaming Corps’ expertise in iGaming, along with their vibrant game portfolio, aligns perfectly with our vision of enhancing the lottery experience through dynamic, engaging content. Together, we’re creating new opportunities to engage lottery players with distinctive and immersive game experiences.”
Gaming Corps’ portfolio is a captivating mosaic of themes, stories, and adventures, with games designed for players across all demographics. From the mysteries of ancient civilizations to the frontiers of space exploration, the games span a diverse universe of themes that are sure to resonate with U.S. lottery players. While these products can currently be found in some of the top iGaming markets in the world, this agreement with EQL Games marks the first time their content will find a home in the lottery vertical.
“The US has always been a bit of a holy grail for game developers like us, which has been further reinforced as several state markets have been regulated,” said Juha Kauppinen, CEO of Gaming Corps. “The potential in the American market is enormous and we are thrilled to partner up with EQL Games and their impressive iLottery aggregation platform. We have high hopes that it will have a significant positive impact on our revenues. We are now working hard to make all our games available to US lotteries via the EQL Games platform.”
This is the 17th studio partner EQL Games has added in support of its lottery-only aggregator. Built specifically with the needs of government lotteries in mind, this first-of-its-kind product is about more than product distribution. The EQL Aggregator is designed to allow lotteries to enjoy content from multiple studios while only having to interact with a single point of contact. This simplifies the process of adding new content to a lottery’s digital portfolio without having to scale up operations to meet the needs of multiple studio partners. The EQL Aggregator is currently operating in lotteries across two continents and will see further expansion throughout the next year.
Latest News
Jackpot.com Launches in Colorado Providing Consumers Mobile Lottery Access Across the Centennial State
Today, Jackpot.com, the online platform and app that allows individuals to safely and securely order official state lottery tickets and scratchers from their mobile phone and other devices, announced its launch in Colorado. On the heels of the Colorado Lottery’s 40th anniversary last year, the Centennial State will feature both draw games and Scratchers (digital scratch off games).
With Jackpot.com, Colorado players can instantly buy tickets for nationwide games such as Mega Millions and Powerball, as well as their favorite state lottery games, including Cash 5, Pick 3, Lucky 4 Life, and more. The innovative platform purchases tickets on behalf of its customers from an official state lottery retailer, displaying a scan of their ticket and transferring winnings under $600 in real-time to their account. For prizes greater than $600, Jackpot.com securely delivers the ticket to the winning player so they can collect the winnings from the Colorado Lottery.
“At Jackpot.com, we remain committed to growing the safe and secure access to the lottery across the country and we could not be more excited to add Colorado as our seventh state,” said Jackpot.com CEO and co-founder, Akshay Khanna. “Last year, the Colorado Lottery reached $4 billion in proceeds and they give back millions of dollars each year to state parks, schools, and various projects. They’re also notably invested in responsible gaming, which has been a staple at Jackpot.com since its inception. We can’t wait to become part of the Colorado community and provide an accessible and reliable lottery experience for players.”
Not only will Colorado residents have access to their favorite state lottery games, they’ll also have access to Scratchers – the digital scratch ticket offering focused on expediting the convenience and the processing times of scratch-off games. Jackpot.com will launch with five of the most popular scratchers in Colorado, including $3,000,000 Supreme, Casino Ca$h Chips, $250,000 ORO, and more. Customers simply have to “scratch” their device screen with their finger or mouse to reveal their scanned ticket and potential winnings. Jackpot.com delivers the industry’s fastest online lottery scratch card experience after undergoing a comprehensive business process review by Gaming Laboratories International (GLI), which ensures its method for ordering and processing lottery scratch tickets is accurate and functions as expected for both Jackpot.com and the player.
This year marks the Colorado Lottery’s fourth consecutive year generating a new sales record, amassing over $900 million in revenue. This year’s success translates to more than $196 million in funds allocated to beneficiaries throughout the state. Since its first ticket sale in 1983, the Lottery has allocated over $4.2 billion to good causes across the state.
Jackpot.com has continued to raise the bar for responsible gaming through the integration of modern conveniences and safety guardrails, one of the key distinctive features of digital lottery platforms. The company has significantly invested in responsible gaming protections by allowing customers to set spend limits, setting default limits on daily deposits, providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is the only lottery courier service to launch with iCap certification from the National Council on Problem Gambling.
Latest News
Leading Brazilian Lottery Operator Grupo da Sorte Selects Optimove as CRM Marketing Solution to Accelerate Growth through Personalized Journey Orchestration
Grupo da Sorte, a leading Brazilian lottery operator, has chosen Optimove, the #1 CRM Marketing solution for iGaming, to enhance player engagement and retention, helping accelerate the operator’s rapid growth. With Optimove’s advanced CRM Marketing capabilities, Grupo da Sorte is empowered to deliver optimized player journeys with personalized experiences across a broad range of digital touchpoints, enhancing player satisfaction, engagement, retention, and lifetime value.
Optimove, the only CRM Marketing Solution approved as an official European Lotteries Association Associate Member, is the #1 CRM Marketing solution used by digital lottery operators across the globe. The company empowers digital lottery operators – such as Sisal, Scientific Games, Connecticut Lottery, Kentucky Lottery, Pennsylvania Lottery, Maryland Lottery, La Tinka, and more – to achieve growth through their existing players. Optimove is used by 56% of iGaming operators in EGR’s Power 50 Ranking 2024, including bet365, Kindred Group, Lottomatica, and Entain.
The strategic integration bolsters Grupo da Sorte’s mobile marketing engagement strategies through OptiMobile, Optimove’s native mobile marketing solution. OptiMobile empowers the brand to send personalized rich media mobile push messages directly to players’ devices at optimal engagement times. The lottery operator will also leverage OptiGenie to optimize marketing workflows from insight to creation and through orchestration empowering its marketing team to deliver personalized, relevant player messages at the speed of a player’s interaction with the brand.
Grupo da Sorte will gain key capabilities via Optimove:
- Advanced marketing AI capabilities: Providing AI-driven insights to improve player understanding, streamline content creation, and optimize campaign orchestration for delivering enhanced personalized experiences across channels and player touchpoints.
- Enriched customer profiles: Unifying all historical, predictive, and real-time player data from sources such as CRM, service clouds, and data warehouses via Optimove to create a comprehensive single-player view.
- Multichannel personalization and orchestration: Orchestrating hundreds of campaigns seamlessly by leveraging Optimove’s AI-mapped CRM Journeys to deliver personalized player communications across any channel.
- A continuous optimization loop: Leverage Optimove’s productized experimentation tools to measure the incremental uplift of each campaign, journey, and strategy to continuously optimize CRM Marketing performance.
Said Tom Santos, group commercial director, “With Optimove’s industry-leading CRM Marketing capabilities, we can now provide personalized, timely player interactions that match the fast-paced nature of lottery gaming. Their AI-driven solutions empower us to anticipate each player’s needs and deliver the most relevant experiences across every touchpoint. Optimove reinforces our dedication to exceeding our players’ expectations and driving long-term engagement and loyalty.”
“At Optimove, we thrive when working with forward-thinking clients, and we’re thrilled to partner with Grupo da Sorte on their exciting growth journey,” said Felipe Costa Nadalini, Account Executive at Optimove. “The team at Grupo da Sorte recognizes the impact that exceptional player experiences can have on driving business growth. As they focus on attracting and converting more players, we’re dedicated to helping them enhance player engagement and build lasting retention.”
Optimove will attend and exhibit at SBC Latinoamerica Summit Miami, October 29-31.
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