Lottery Market size in the US to grow by USD 39.39 billion from 2022 to 2027; Growth driven by the growing adoption of marketing strategies to increase ticket sales - Technavio

NEW YORK, May 31, 2023 /PRNewswire/ -- The latest report on the lottery market in the US, 2023-2027 estimates to register an incremental growth of by USD 39.39 billion, accelerating at a CAGR of 6.61% during the forecast period. The market is concentrated due to the presence of diversified international and regional vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Lottery Market In the US 2023-2027: Vendor Analysis

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Arizona Lottery, Connecticut Lottery Corp., Florida Lottery, International Game Technology plc, New York State Gaming Commission, Pennsylvania Lottery, Pollard Banknote Ltd., Scientific Games LLC, and Texas Lottery Commission are among some of the major market participants.

arizonalottery.com- The company offers lottery such as Winning Numbers, Where To Play, Draw Games, Quick Draw, Scratchers, Fast Play.

ctlottery.org- The company offers lottery such as Scratch Games, Fast Play Games, Keno, Powerball, Mega Millions, Lotto.

flalottery.com- The company offers lottery such as Powerball, Mega Millions, Florida Lotto, Cash4Life, Jackpot Triple Play.

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial
• Customization options available as per your business needs
• Access to 17000+ research report subscriptions

Lottery Market in the US 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Lottery Market in the US 2023-2027 Size
• Lottery Market in the US 2023-2027 Trends
• Lottery Market in the US 2023-2027 Industry Analysis

Market Drivers

• Growing adoption of marketing strategies to increase ticket sales
• High penetration of smartphones
• Growing popularity of lottery due to low adoption cost and easy availability

Market Trends

• Advancing technologies
• The growing use of lottery money for good cause
• Growing focus on ensuring the security of lotteries

Market Challenges

• Socioeconomic impact of lotteries
• Prevalence of black market
• Presence of stringent regulations

In addition to the forecast, the report also highlights the key opportunities by analyzing drivers, trends, and challenges for the market. download Sample reports

Lottery Market in the US 2023-2027: Segmentation

Lottery Market in the US is segmented as below:

• Type 
• Scratch-off Games: The market share growth by the scratch-off games segment will be significant during the forecast period. Owing to the low cost of scratch-off cards and the instant chances to win price, the popularity of scratch-off games is rising.
• Terminal-based Games
• Sports Lotteries

For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021) & forecast (2023-2027)  – Download a Sample Report

Lottery Market in the US 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist the lottery market in the US growth during the next five years
• Estimation of the lottery market size in the US and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the lottery market in the US
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of lottery market vendors in the US

Subscribe to our "Lite Plan" billed annually at USD 5000 which enables you to download 3 reports a year and view 3 reports every month.

Related Reports:

Casino Gaming Market- The casino gaming market size is estimated to grow at a CAGR of 4.86% between 2022 and 2027. The market size is forecast to increase by USD 65.63 billion.

Slot Machine Market- The slot machine market is estimated to grow at a CAGR of 12% between 2022 and 2027. The size of the market is forecast to increase by USD 3,680.31 million.

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 Type
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Platform
• 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 US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Lottery market in US 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on Lottery market in US 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Platform Segment Analysis 2017 - 2021
• Exhibit 17: Historic Market Size – Platform Segment 2017 - 2021 ($ billion)

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 Type

• 6.1 Market segments 
• Exhibit 25: Chart on Type - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 27: Chart on Comparison by Type
• Exhibit 28: Data Table on Comparison by Type

• 6.3 Scratch-off games - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Scratch-off games - Market size and forecast 2022-2027 ($ billion)
• Exhibit 30: Data Table on Scratch-off games - Market size and forecast 2022-2027 ($ billion)
• Exhibit 31: Chart on Scratch-off games - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Scratch-off games - Year-over-year growth 2022-2027 (%)

• 6.4 Terminal-based games - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Terminal-based games - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Terminal-based games - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Terminal-based games - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Terminal-based games - Year-over-year growth 2022-2027 (%)

• 6.5 Sports lotteries - Market size and forecast 2022-2027
• Exhibit 37: Chart on Sports lotteries - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Sports lotteries - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Sports lotteries - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Sports lotteries - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 41: Market opportunity by Type ($ billion)
• Exhibit 42: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Platform

• 7.1 Market segments 
• Exhibit 43: Chart on Platform - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Platform - Market share 2022-2027 (%)

• 7.2 Comparison by Platform 
• Exhibit 45: Chart on Comparison by Platform
• Exhibit 46: Data Table on Comparison by Platform

• 7.3 Traditional - Market size and forecast 2022-2027
• Exhibit 47: Chart on Traditional - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Traditional - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Traditional - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Traditional - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Platform 
• Exhibit 55: Market opportunity by Platform ($ billion)
• Exhibit 56: Data Table on Market opportunity by Platform ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 57: 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 58: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends 

10 Vendor Landscape

• 10.1 Overview 

• 10.2 Vendor landscape 
• Exhibit 59: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 60: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 61: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 62: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 63: Matrix on vendor position and classification

• 11.3 Arizona Lottery 
• Exhibit 64: Arizona Lottery - Overview
• Exhibit 65: Arizona Lottery - Product / Service
• Exhibit 66: Arizona Lottery - Key offerings

• 11.4 Connecticut Lottery Corp. 
• Exhibit 67: Connecticut Lottery Corp. - Overview
• Exhibit 68: Connecticut Lottery Corp. - Product / Service
• Exhibit 69: Connecticut Lottery Corp. - Key offerings

• 11.5 Florida Lottery 
• Exhibit 70: Florida Lottery - Overview
• Exhibit 71: Florida Lottery - Product / Service
• Exhibit 72: Florida Lottery - Key offerings

• 11.6 International Game Technology plc 
• Exhibit 73: International Game Technology plc - Overview
• Exhibit 74: International Game Technology plc - Business segments
• Exhibit 75: International Game Technology plc - Key offerings
• Exhibit 76: International Game Technology plc - Segment focus

• 11.7 New York State Gaming Commission 
• Exhibit 77: New York State Gaming Commission - Overview
• Exhibit 78: New York State Gaming Commission - Product / Service
• Exhibit 79: New York State Gaming Commission - Key offerings

• 11.8 Pennsylvania Lottery 
• Exhibit 80: Pennsylvania Lottery - Overview
• Exhibit 81: Pennsylvania Lottery - Product / Service
• Exhibit 82: Pennsylvania Lottery - Key offerings

• 11.9 Pollard Banknote Ltd. 
• Exhibit 83: Pollard Banknote Ltd. - Overview
• Exhibit 84: Pollard Banknote Ltd. - Business segments
• Exhibit 85: Pollard Banknote Ltd. - Key offerings
• Exhibit 86: Pollard Banknote Ltd. - Segment focus

• 11.10 Scientific Games LLC 
• Exhibit 87: Scientific Games LLC - Overview
• Exhibit 88: Scientific Games LLC - Business segments
• Exhibit 89: Scientific Games LLC - Key offerings
• Exhibit 90: Scientific Games LLC - Segment focus

• 11.11 Texas Lottery Commission 
• Exhibit 91: Texas Lottery Commission - Overview
• Exhibit 92: Texas Lottery Commission - Product / Service
• Exhibit 93: Texas Lottery Commission - Key offerings

12 Appendix

• 12.1 Scope of the report 

• 12.2 Inclusions and exclusions checklist
• Exhibit 94: Inclusions checklist
• Exhibit 95: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 96: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 97: Research methodology
• Exhibit 98: Validation techniques employed for market sizing
• Exhibit 99: Information sources

• 12.5 List of abbreviations 
• Exhibit 100: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Infiniti Research, Inc.