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Lottery Market, by Type

RA00154

Lottery Market, by Type (The Lotto, Quizzes Type Lottery, Numbers Game, Scratch-off Instant Games, Others), by Application (Online Lottery, Lottery Store), Regional Analysis (North America, Europe, Asia Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00154

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Mar 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

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Impact of covid-19 on Lottery Market

Global Lottery Market Insights 2019-2026:

The global lottery market is expected to generate a revenue of $353.1billion by 2026, risingfrom $157.7billion in 2018 at a healthy CAGR of 10.6%. European Lottery market is projectedto grow at a CAGR of 11.2% by registeringa revenue of $102.6billion, overthe forecasted period. Innovations in lottery gaming along with changing market dynamics are projected to fuel the growth of the European Lottery market.

A lottery is a popular form of gambling which involves drawing of specific numbers to win prizes. The lottery industry has around 29% share of the total revenue of global gambling. Lottery prizes have numerous examples of formats such as goods or cash. Lotteries can be majorly used in sports team drafts. Financial lotteries have been recognized as an addictive form of gambling. On the other hand, the money raised in the lotteries can be used for good causes in the public sectors.

Technology Revolution has been Bringing New Changes to the Lottery Industry, which is further expected to drive growth of the global Lottery market

The global lottery market is witnessing the growing influence of technologies, which is one of the significant factors for the growth of the lottery market. The penetration of smartphones across the globe has immensely increased over recent years. This is mainly because of the decreasing selling price of smartphones along with the recent advances in communication infrastructure. Due to this, the users are preferring smartphones for lotteries. Therefore, surge in technological advancements, launching lottery apps for mobilephones, and the integration of smartphone-based payment solutions with lottery apps are further anticipated to boost the growth of the lottery market.

Gambling Laws and Regulations are anticipated to restrain the global Lottery market growth

Strict government regulations on lottery prizes and lottery operators are anticipated to restrain the growth of the lottery market.

The Benefits of Blockchain in the Lottery Industry is projected to create huge opportunities for the global lottery market

Playing lottery is one of the most loved forms of betting, across the globe. Moreover, the global blockchain-lottery platform is beginning to transform the lottery industry. With the surge of the digital economy, the lottery industry faces challenges such as lack of fairness and transparency. Therefore, the client demands more transparency with highly advanced technologies such as blockchain. This blockchain technology offers innovation in the lottery market. Blockchain improves transparency of transactions with smart contracts between parties. Privacy and accessibility can be maintained by using Blockchain for lotteries. Moreover, blockchain Providesa traceable and transparent view of the saved transactions to the market players. 

To know more about Lottery Market Opportunities, get in touch with our analysts here.https://www.researchdive.com/connect-to-analyst/154

The lotto segment has the highest market share in the global lottery market, and it will generate a revenue of $132.1billion, during the forecasted period. By lotto, platform clients can play the lottery from anywhere and anytime; it saves clients’and time. Furthermore, lotto has several features such as double jackpot, Quick pick, and Number shield; these factors are also further projected to drive the growth of the lottery market.

The online segment of the lottery market will have fastestgrowth and it is projectedto generate a revenue of $183.1billion by 2026,.
Lottery store segment has the highest market share and it is anticipated to account for $170.0billion by 2026, with an increase from $82.2billion in 2018. Significant rise in the lottery prize money is one of the key factors for the growth of the lottery market. Moreover, the liberalization of government regulations along with the massive expansion of lottery retailers is also anticipated to make a positive impact on the demand for the lottery in the global market.

Regional Insights:

North Americaregion market will generate a revenue of $114.2 billion by the end of 2026, mainly because of intensivepeneration of smart-phones

North-America region lottery market share is projectedto growat a CAGR of 10.7% by registeringa revenue of $114.2billion by 2026. Extensively growing emphasis on entertainment option is one of the important factors for the upsurge in the demand for the lottery in the North American market. North American lottery market is considered as the most popular in the world mainly because of high penetration of smartphones. In addition, US lotteries provide an online platform so that the client can play from his own home. Also, the global clientele is preferring more to invest in one of the most famous lotteries of US such as INTRALOT SA. Moreover,the Canedian lottery is also hugely popular because ofthe Lotto Max, Lotto 6/49, and Lotto Daily Grand..This lottery gamesare open to non-residents and available on plenty of online sites.

Europe region has enormous  opportunities for top investors to grow over the upcoming years mainly because of product innovation and continued legalization

The Lottery market size in Europe registereda revenue of $44.0billion in 2018 and it is projectedto generate a revenue of $102.6billion by 2026. Key players of Lottery are mainly emphasizing growth and profitability through operational excellence and strengthening the existing portfolio, which will surgethe theEuropean marketgrowth. Moreover, key players such as Lottomatica, are focusing more on 10eLotto and Scratch&Win products. In addition, the positive trends ofScratch&Win and 10eLotto confirm innovation as a significant driver for lottery market. Moreover, product innovation and continued legalization, in countries such as the Czech Republic, Switzerland’s and Hungary are further anticipated to generate demand for the lottery in the European market.

Some of the significant Lottery market players includeINTRALOT, MDJS, Camelot Group, Florida Lottery,Francaise des Jeux, Mizuho Bank Ltd., Loterías y Apuestas del Estado, Hong Kong Jockey Club, Singapore Pools,and California Lottery.Lottery market players are focussingon advanced product developmentand merger & acquisition. These are the multiplestrategies followed by market players.

  • Porter’s Five Forces Analysis for Lottery Market:

  •  Bargaining Power of Suppliers: The switching costfrom one supplier to the anotherisprojectedto be low.
    The bargaining power of suppliers is very Low.

  •  Bargaining Power of Consumers: In this market, the concentration of buyers is High. 
    The bargaining power of consumers is Low.

  •  The threat of New Entrants: Hugeinitial investments are essentialto start a new Lottery business. This factor for 
    The threat of new entrants is High.

  •  The threat of Substitutes: This market has a numerousalternativesof productsmoreover technology is alsooffers high switching costs for clients. 
    The threat of substitutes is High.

  •  Competitive Rivalry in the Market: The Lottery market has the numeroussmall, medium and large, scale players. Many major players are following several strategies, and product differentiation among them. The competitive rivalry in the industry is High.

 

 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

  • The Lotto
  • Quizzes Type Lottery
  • Numbers Game
  • Scratch-off Instant Games
  • Others

  Segmentation by Application

  • Online Lottery
  • Lottery Store

  Key Countries Covered

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Brazil, Saudi Arabia, United Arab Emirates, Rest of LAMEA

  Key Companies Profiled

  • INTRALOT
  • MDJS
  • Camelot Group
  • Florida Lottery
  • Francaise des Jeux, Mizuho Bank Ltd.
  • Loterías y Apuestas del Estado
  • Hong Kong Jockey Club
  • Singapore Pools
  • California Lottery.

 

 

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global Lottery market size was over $157.7 billion in 2018 and is projected to reach $353.1billion by 2026.

A. MDJS an INTRALOTare some of the key players in the global Lotterymarket.

A. The Europe region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. The Europelotterymarket is anticipated to grow at 11.2% CAGR during the forecast period.

A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.

A. California Lottery and Hong Kong Jockey Club companies are investing more in R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Type trends
2.3. Application trends

3. Market overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape

3.8. Pricing overview

3.8.1. By Type
3.8.2. By Application

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Lottery Market, by Type

4.1. The Lotto

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Quizzes Type Lottery

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Numbers Game

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

4.4. Scratch-off Instant Games

4.4.1. Market size and forecast, by region, 2018-2026
4.4.2. Comparative market share analysis, 2018 & 2026

4.5. Others

4.5.1. Market size and forecast, by region, 2018-2026
4.5.2. Comparative market share analysis, 2018 & 2026

5. Lottery Market, by Application

5.1. Online Lottery

5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Lottery Store 

5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026

6. Lottery Market, by region

6.1. North America

6.1.1. Market size and forecast, by type, 2018-2026
6.1.2. Market size and forecast, by application, 2018-2026
6.1.3. Market size and forecast, by country, 2018-2026
6.1.4. Comparative market share analysis, 2018 & 2026
6.1.5. U.S.

6.1.5.1. Market size and forecast, by type, 2018-2026
6.1.5.2. Market size and forecast, by application, 2018-2026
6.1.5.3. Comparative market share analysis, 2018 & 2026

6.1.6. Canada

6.1.6.1. Market size and forecast, by type, 2018-2026
6.1.6.2. Market size and forecast, by application, 2018-2026
6.1.6.3. Comparative market share analysis, 2018 & 2026

6.2. Europe

6.2.1. Market size and forecast, by type, 2018-2026
6.2.2. Market size and forecast, by application, 2018-2026
6.2.3. Market size and forecast, by country, 2018-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. Germany 

6.2.5.1. Market size and forecast, by type, 2018-2026
6.2.5.2. Market size and forecast, by application, 2018-2026
6.2.5.3. Comparative market share analysis, 2018 & 2026

6.2.6. UK

6.2.6.1. Market size and forecast, by type, 2018-2026
6.2.6.2. Market size and forecast, by application, 2018-2026
6.2.6.3. Comparative market share analysis, 2018 & 2026

6.2.7. France

6.2.7.1. Market size and forecast, by type, 2018-2026
6.2.7.2. Market size and forecast, by application, 2018-2026
6.2.7.3. Comparative market share analysis, 2018 & 2026

6.2.8. Spain

6.2.8.1. Market size and forecast, by type, 2018-2026
6.2.8.2. Market size and forecast, by application, 2018-2026
6.2.8.3. Comparative market share analysis, 2018 & 2026

6.2.9. Italy 

6.2.9.1. Market size and forecast, by type, 2018-2026
6.2.9.2. Market size and forecast, by application, 2018-2026
6.2.9.3. Comparative market share analysis, 2018 & 2026

6.2.10. Rest of Europe

6.2.10.1. Market size and forecast, by type, 2018-2026
6.2.10.2. Market size and forecast, by application, 2018-2026
6.2.10.3. Comparative market share analysis, 2018 & 2026

6.3. Asia Pacific

6.3.1. Market size and forecast, by type, 2018-2026
6.3.2. Market size and forecast, by application, 2018-2026
6.3.3. Market size and forecast, by country, 2018-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. China

6.3.5.1. Market size and forecast, by type, 2018-2026
6.3.5.2. Market size and forecast, by application, 2018-2026
6.3.5.3. Comparative market share analysis, 2018 & 2026

6.3.6. India 

6.3.6.1. Market size and forecast, by type, 2018-2026
6.3.6.2. Market size and forecast, by application, 2018-2026
6.3.6.3. Comparative market share analysis, 2018 & 2026

6.3.7. Australia 

6.3.7.1. Market size and forecast, by type, 2018-2026
6.3.7.2. Market size and forecast, by application, 2018-2026
6.3.7.3. Comparative market share analysis, 2018 & 2026

6.3.8. Rest of Asia Pacific

6.3.8.1. Market size and forecast, by type, 2018-2026
6.3.8.2. Market size and forecast, by application, 2018-2026
6.3.8.3. Comparative market share analysis, 2018 & 2026

6.4. LAMEA

6.4.1. Market size and forecast, by type, 2018-2026
6.4.2. Market size and forecast, by application, 2018-2026
6.4.3. Market size and forecast, by country, 2018-2026
6.4.4. Comparative market share analysis, 2018 & 2026
6.4.5. Latin America 

6.4.5.1. Market size and forecast, by type, 2018-2026
6.4.5.2. Market size and forecast, by application, 2018-2026
6.4.5.3. Comparative market share analysis, 2018 & 2026

6.4.6. Middle East 

6.4.6.1. Market size and forecast, by type, 2018-2026
6.4.6.2. Market size and forecast, by application, 2018-2026
6.4.6.3. Comparative market share analysis, 2018 & 2026

6.4.7. Africa

6.4.7.1. Market size and forecast, by type, 2018-2026
6.4.7.2. Market size and forecast, by application, 2018-2026
6.4.7.3. Comparative market share analysis, 2018 & 2026

7. Company profiles

7.1. MDJS

7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis

7.2. INTRALOT

7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis

7.3. Florida Lottery

7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis

7.4. Camelot Group

7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis

7.5. Mizuho Bank Ltd.

7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis

7.6. Francaise des Jeux

7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis

7.7. Hong Kong Jockey Club

7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis

7.8. Loterías y Apuestas del Estado

7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis

7.9. California Lottery

7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis

7.10. Singapore Pools

7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis

 

Europe Region to Create Exponential Growth Opportunities for Industry Players in the Global Lottery Market

Abstract:A lottery is a popular form of gambling which involves drawing of specific numbers to win prizes.The rising penetration of smartphones all across the globe has immensely increased the demand for lotteries over past few years.A progressive growth is predicted to be seen in the global lottery market during the forecast period. However, government regulations on lottery prizes and operators is considered as a major threat for the growth of global lottery market. 

A lottery is a low-odds game of process or chance where the winners are nominated by a random drawing. The lottery industry has nearly 29% of the total share revenue of the global gambling industry. There are numerous formats for lottery prizes such as cash or goods. Lotteries can be used for better decision-making casesthe allocation of scarce medical treatment and sports team drafts. Lottery is considered as a popular form of gambling as it encourages people to pay a small sum of amount to get a chance to win big jackpot.

As per aResearch Dive blog , the growth in the penetration of internet and smartphones all over the globe is a major reason for growing use of social media platforms among consumers. Thus, to promote lotteries, the growing penetration of smartphones is encouraging vendors to focus more on these social media platforms as a part of pioneering marketing strategy. Moreover, the traditional marketing methods had more restrictions as compared to today’s social media. Today, social media has become beneficial and one of the most popular means of promotion for companies and product advertising. Also, the rise in number of users engaged in lotteries is expected to significantly influence the growth of the global market for lottery.

Recent Developments in the Lottery Market

Lottery companies, both small and large-scale entertainment companies, are increasingly making use of social media platforms to provide a huge portfolio of entertainment products. These companies are also creating aware ness and interests among consumers. In addition, promotion of lotteries by vendors and brand engagement by exhibiting offers through social media marketing are aiding in escalating the growth of the global market.

Several investors and entrepreneurs have created a buzz across the global gambling industry by revealing their success in the lottery market.During the early days of his career, Jeff Bezos is one such internet and aerospace entrepreneur who has discovered his success in the lottery market. The significant growth factors in the lottery market hasprovoked several new entities to try their fortunes in the global lottery industry. The two leading companies Hong Kong Jockey Club and California Lottery are investing more in R&D activities for developing new products and technologies.

In March 2020, theTJ’s Food Market observed the sale of the jackpot-winning Cash 5 ticket of the Pennsylvania Lottery. The Cash 5 prizes have mustered the attention of various key industry players and newbies. Thus, the global lottery market is set to mature owing to the upcoming new events with lottery booths.

Forecast Analysis of Global Lottery Market

Global market for lottery is anticipated to witness a positive growth during the forecast period. The rise in launching lottery apps, surge in technological advancements, and the integration of smartphone-based payment solutions with lottery apps are some of the factors driving the growth of global lottery market. The benefits of Blockchain in the lottery industry such as privacy, accessibility, and transparency is projected to create huge opportunities in the global lottery industry. However, the strict government regulations on lottery operators and lottery prizes are predicted to restrain the growth of the lottery market.

Technology revolutions is bringing novel changes in the lottery industry, which will give a substantial uplift to the growth of global market. As per the Research Dive report statistics, the global lottery market is likely to surpass $353.1 billion by the end of 2026. Geographically, the Europe region is likely to dominate the industry owing to the changing market dynamics and innovations in lottery gaming in this region. In addition, the report profiles prominent players operating in the global market who are focusing more on product developments to increase their market size in the global lottery industry.
 

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