Lottery market size to grow by USD 228.43 billion from 2021 to 2026: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Technavio categorizes the global lottery market as a part of the global casinos and gaming market, the parent market. The global lottery market size is estimated to increase by USD 228.43 billion from 2021 to 2026. The market's growth momentum will decelerate at a CAGR of 9.24%.

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Global lottery market- Customer landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global lottery market– Vendor analysis

Vendor Landscape - The global lottery market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer lottery in the market are Agento N.V., Berjaya Corp. Berhad, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Colorado Lottery, Florida Lottery, Gaming China, Georgia Lottery Corp., Illinois State Lottery, International Game Technology plc, INTRALOT SA, Jumbo Interactive Ltd., Lotto NZ, Maruhan Corp., New York State Gaming Commission, Scientific Games Corp., STRATACACHE Inc., Tabcorp Holdings Ltd., The California State Lottery, and The Hong Kong Jockey Club and others.

The global lottery market is at its growing stage. This implies that the market in focus is characterized by increasing penetration of online lottery, the growing popularity of lottery due to low-cost adoption, and easy availability and adoption of social media marketing for lottery promotion. The global lottery market is characterized by the presence of numerous players that provide similar products. To maintain a competitive edge, lottery ticket providers are introducing new games with different price ranges, starting from USD 30 to as high as USD 1,000. Such low-price tickets make them affordable to a huge population. By offering different types of games, vendors are trying to engage customers by maintaining excitement and curiosity.

Vendor Insights –

• Agento N.V.
• Berjaya Corp. Berhad
• Camelot UK Lotteries Ltd.
• China LotSynergy Holdings Ltd.
• Colorado Lottery
• Florida Lottery
• Gaming China
• Georgia Lottery Corp.
• Illinois State Lottery
• International Game Technology plc
• INTRALOT SA
• Jumbo Interactive Ltd.
• Lotto NZ

• For details on vendors and their offerings – Buy report!

Global lottery market- Segmentation assessment

Geography Overview

Based on geography, the global lottery market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global lottery market.

• APAC will account for 36% of the market's growth during the forecast period. The market in the region is estimated to grow at the fastest pace during the forecast period. China is the key region for lottery market in APAC. Over the projection period, the growth of the lottery market in APAC will be driven by the relaxation of governmental rules and rising levels of disposable income among the populace.

Segment Overview

Based on type, the global lottery market is segmented into terminal-based games, scratch-off games, and sports lotteries.

• The lottery market share growth by the terminal-based games segment will be higher than the other segments during the forecast period. The increased interest in casinos and consumers' desire to win at lotteries are two key factors contributing to the expansion of this market. The reward money given out in terminal-based games is also substantially higher than it is in other kinds of lotteries. Furthermore, the increasing usage of reconfigurable electronic gaming machines among casinos is likely to drive this segment's growth during the forecast period.

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Global lottery market – Market dynamics

• Impactful Driver - One of the key factors driving growth in the lottery market is the increasing penetration of online lottery. The increased use of smartphones and the Internet is responsible for the expansion of the online lottery. Customers can easily take part in the lottery due to the availability of numerous mobile apps and online platforms. Vendors are using advanced technologies to enhance the consumer appeal of the online lottery, including interactive bots and graphics that have become common in the gaming industry. Such factors will contribute to the growth of market during the forecasted period.

• Key Trend - The adoption of technologies by lottery operators is a lottery market trend that is expected to have a positive impact in the coming years. Since the worldwide lottery sector is heavily regulated and mostly controlled by governments it is difficult to expand the business. Vendors started putting more effort into figuring out unique ways to engage clients rather than conducting business the old-fashioned way. The increasing usage of online platforms by customers has offered businesses with numerous options. With more people going online, lottery suppliers must move away from traditional instant games and provide players with a more social experience and involvement when playing in groups.

• Major Challenge - The stringent regulations on the lottery in various regions will be a major challenge for the lottery market during the forecast period. In many countries, the government either owns the businesses that operate the lottery or grants licenses to private businesses to operate them. Governments frequently regulate gambling and its various forms because of the high risk involved and the significant socio-economic impact it has, which limits the market entry of private companies and slows market expansion.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find a few insights from a sample report!

What are the key data covered in this lottery market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the lottery market between 2023 and 2027
• Precise estimation of the size of the lottery market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the lottery market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of lottery market vendors

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Related Reports:

• The casinos and gambling market is estimated to grow at a CAGR of 8.13% between 2022 and 2027. The size of the market is forecast to increase by  USD 90.22 billion. This report extensively covers market segmentation by platform (offline and online), type (poker, blackjack, craps, lottery, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 
   
• The Casino Gaming Equipment Market is estimated to grow at a CAGR of 5.55%. The size of the market is forecast to increase by USD 14,265.1 million. This report extensively covers market segmentation by end-user (casinos, malls, and others), type (casino tables, slot machines, gaming chips, video poker machines, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

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Table Of Contents:

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

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