Lottery Market size to grow by USD 228.43 billion; APAC to have a significant market share - Technavio

NEW YORK, Nov. 23, 2022 /PRNewswire/ -- The global lottery market size is projected to grow by USD 228.43 billion between 2021 and 2026. However, the growth momentum in the market will decelerate at a CAGR of 9.24% during the forecast period. The report provides a comprehensive analysis of the current market scenario, regional growth opportunities, insights into major revenue-generating segments, product launches, and much more. Understand how the purchase of the report can have a direct impact on your revenue. Download a Free PDF Report Sample

APAC will emerge as the dominant region, occupying 36% of the global market share. APAC is currently one of the world's fastest-growing gambling markets. The region is home to more than 60% of the global population and has major gambling places such as Macau. In addition, the rising adoption of online gambling and the increasing penetration of the internet has created significant opportunities for vendors to thrive in the region. Furthermore, the relaxation of government regulations on gambling and the increasing disposable income of the population will foster the growth of the lottery market in APAC during the forecast period.

Based on the type, the market is analyzed across segments such as terminal-based games, scratch-off games, and sports lotteries. The market growth in the terminal-based games segment will be significant over the forecast period. Terminal-based games are the oldest, most popular, and most common forms of lottery. They mainly include draw-based or number games such as Lotto, Euro Jackpot, EuroMillions, Mega Millions, and Powerball. One of the major factors driving the growth of the segment is the growing popularity of casinos and anxiety among users to gain profits from lotteries. In addition, the rising adoption of reconfigurable electronic gaming machines in casinos is further contributing to the growth of the segment.

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The market is driven by the increasing penetration of online lotteries. The growing penetration of the internet and the rapid adoption of smartphones have increased the consumption of digital content in recent years. This is encouraging market players to make a shift toward using online platforms for virtual lotteries. The ease of access and the availability of various apps are attracting many consumers to participate in online lottery. In addition, vendors are using advanced technologies such as graphics and interactive bots to make online lottery more attractive for consumers. All these factors are contributing to the growth of the global lottery market.

As per Technavio, the adoption of technologies by lottery operators will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2022-2026.

In order to expand their business, vendors in the market have started to focus on exploring different ways to engage customers. One of the key strategies includes the adoption of emerging technologies to make the offline lottery more attractive. For instance, some of the players are adopting AR and VR technologies to provide a more realistic experience to consumers and observe their buying and playing patterns. The prominence of big data and IoT will also change the prospects of the global lottery market. Through customer engagement via smart devices, lottery operators can collect a huge amount of data, using which operators can perform a comprehensive analysis of the lottery landscape. This data can be used to predict trends, forecast demand, target customers based on their habits and preferences, and determine appropriate content to be showcased. Many such technological advancements are expected to positively influence the growth of the global lottery market during the forecast period. Know about the impact of drivers, trends, and challenges on the growth of the lottery market. Download a Free Sample Report

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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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 Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Platform
• 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 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 25: Chart on Type - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Type - Market share 2021-2026 (%)

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

• 5.3 Terminal-based games - Market size and forecast 2021-2026
• Exhibit 29: Chart on Terminal-based games - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Data Table on Terminal-based games - Market size and forecast 2021-2026 ($ billion)
• Exhibit 31: Chart on Terminal-based games - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Terminal-based games - Year-over-year growth 2021-2026 (%)

• 5.4 Scratch-off games - Market size and forecast 2021-2026
• Exhibit 33: Chart on Scratch-off games - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Data Table on Scratch-off games - Market size and forecast 2021-2026 ($ billion)
• Exhibit 35: Chart on Scratch-off games - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Scratch-off games - Year-over-year growth 2021-2026 (%)

• 5.5 Sports lotteries - Market size and forecast 2021-2026
• Exhibit 37: Chart on Sports lotteries - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Data Table on Sports lotteries - Market size and forecast 2021-2026 ($ billion)
• Exhibit 39: Chart on Sports lotteries - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Sports lotteries - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Type 
• Exhibit 41: Market opportunity by Type ($ billion)

6 Market Segmentation by Platform

• 6.1 Market segments 
• Exhibit 42: Chart on Platform - Market share 2021-2026 (%)
• Exhibit 43: Data Table on Platform - Market share 2021-2026 (%)

• 6.2 Comparison by Platform 
• Exhibit 44: Chart on Comparison by Platform
• Exhibit 45: Data Table on Comparison by Platform

• 6.3 Offline - Market size and forecast 2021-2026
• Exhibit 46: Chart on Offline - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Offline - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 6.4 Online - Market size and forecast 2021-2026
• Exhibit 50: Chart on Online - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on Online - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Platform 
• Exhibit 54: Market opportunity by Platform ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 56: Chart on Market share by geography 2021-2026 (%)
• Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 58: Chart on Geographic comparison
• Exhibit 59: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.4 APAC - Market size and forecast 2021-2026
• Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.5 Europe - Market size and forecast 2021-2026
• Exhibit 68: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 69: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 70: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 China - Market size and forecast 2021-2026
• Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.10 Italy - Market size and forecast 2021-2026
• Exhibit 88: Chart on Italy - Market size and forecast 2021-2026 ($ billion)
• Exhibit 89: Data Table on Italy - Market size and forecast 2021-2026 ($ billion)
• Exhibit 90: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 8.11 France - Market size and forecast 2021-2026
• Exhibit 92: Chart on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 93: Data Table on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 94: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on France - Year-over-year growth 2021-2026 (%)

• 8.12 Spain - Market size and forecast 2021-2026
• Exhibit 96: Chart on Spain - Market size and forecast 2021-2026 ($ billion)
• Exhibit 97: Data Table on Spain - Market size and forecast 2021-2026 ($ billion)
• Exhibit 98: Chart on Spain - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Spain - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 100: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 101: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 103: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 104: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 105: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 106: Matrix on vendor position and classification

• 11.3 Camelot UK Lotteries Ltd. 
• Exhibit 107: Camelot UK Lotteries Ltd. - Overview
• Exhibit 108: Camelot UK Lotteries Ltd. - Product / Service
• Exhibit 109: Camelot UK Lotteries Ltd. - Key offerings

• 11.4 China LotSynergy Holdings Ltd. 
• Exhibit 110: China LotSynergy Holdings Ltd. - Overview
• Exhibit 111: China LotSynergy Holdings Ltd. - Product / Service
• Exhibit 112: China LotSynergy Holdings Ltd. - Key offerings

• 11.5 Florida Lottery 
• Exhibit 113: Florida Lottery - Overview
• Exhibit 114: Florida Lottery - Product / Service
• Exhibit 115: Florida Lottery - Key offerings

• 11.6 International Game Technology plc 
• Exhibit 116: International Game Technology plc - Overview
• Exhibit 117: International Game Technology plc - Business segments
• Exhibit 118: International Game Technology plc - Key offerings
• Exhibit 119: International Game Technology plc - Segment focus

• 11.7 INTRALOT SA 
• Exhibit 120: INTRALOT SA - Overview
• Exhibit 121: INTRALOT SA - Business segments
• Exhibit 122: INTRALOT SA - Key news
• Exhibit 123: INTRALOT SA - Key offerings
• Exhibit 124: INTRALOT SA - Segment focus

• 11.8 Lotto NZ 
• Exhibit 125: Lotto NZ - Overview
• Exhibit 126: Lotto NZ - Product / Service
• Exhibit 127: Lotto NZ - Key offerings

• 11.9 New York State Gaming Commission 
• Exhibit 128: New York State Gaming Commission - Overview
• Exhibit 129: New York State Gaming Commission - Product / Service
• Exhibit 130: New York State Gaming Commission - Key offerings

• 11.10 Scientific Games Corp. 
• Exhibit 131: Scientific Games Corp. - Overview
• Exhibit 132: Scientific Games Corp. - Business segments
• Exhibit 133: Scientific Games Corp. - Key offerings
• Exhibit 134: Scientific Games Corp. - Segment focus

• 11.11 The California State Lottery 
• Exhibit 135: The California State Lottery - Overview
• Exhibit 136: The California State Lottery - Product / Service
• Exhibit 137: The California State Lottery - Key offerings

• 11.12 The Hong Kong Jockey Club 
• Exhibit 138: The Hong Kong Jockey Club - Overview
• Exhibit 139: The Hong Kong Jockey Club - Product / Service
• Exhibit 140: The Hong Kong Jockey Club - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 141: Inclusions checklist
• Exhibit 142: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 143: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 144: Research methodology
• Exhibit 145: Validation techniques employed for market sizing
• Exhibit 146: Information sources

• 12.5 List of abbreviations 
• Exhibit 147: List of abbreviations

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.

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