Global Lottery Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Terminal-Based Games, Scratch-Off Games, Sports Lotteries), By Mode (Online, Offline), And By Geography - Forecasts From 2022 To 2027
- Published : Jul 2023
- Report Code : KSI061612019
- Pages : 158
The global lottery market is expected to grow at a compound annual growth rate of 5.90% over the forecast period to reach a market size of US$357.041 billion in 2027, from US$239.040 billion in 2020.
The lottery market is segmented into terminal-based games, scratch-off-based games, and sports lotteries. The lottery market can either be played offline or online. With increasing access to the internet, the market is further anticipated to grow.
Market Trends
The popularity of the lottery and new means of lottery systems, such as an online lottery system, are key factors influencing the global lottery market. Further, increasing use of smart devices and growing internet accessibility are factors contributing significantly to the market. However, stringent government regulations act as a restraint on the industry. Moreover, in some nations, the lottery is considered an illegal activity, be it on an online platform or offline.
Growth Factors
- Increasing internet accessibility
The increasing accessibility of the internet is one of the prime factors contributing to the lottery market. With the rising adoption of the online lottery system, good internet accessibility plays an important role. According to World Bank data, 56.73% of the world's population has access to the Internet in 2019. Further, International Telecommunication Union (ITU) estimates that around 4.9 billion people are using the Internet currently. Moreover, with increasing competition in the broadband industry and rising R & D, the prices of fixed internet broadband have significantly plummeted. Further, with the increasing adoption of 5G, features like high speed and real-time monitoring have added advantages to the market.5G has penetrated more than 60 countries and the list is growing further. giving further opportunities for the lottery market to flourish.
- Rising use of smart devices
With the increasing adoption of the internet, the use of devices like laptops, smartphones, and tablets has increased. This has been advantageous for the market, as online lottery systems have become prevalent in the past few years. With the increasing consumption of consumer electronics, the demand for smartphones is also expected to rise. Countries like China have great efficiency in manufacturing smartphones, which reduces the cost of production by reaching economies of scale.
Restraints
- Stringent government regulations
The lottery has stringent regulations in many nations. Lotteries are also banned in some countries. For instance, Qatar, Saudi Arabia, Iran, and Indonesia are a few nations that have a ban on all forms of lotteries. In some countries, it is up to the states to make it legal or illegal. For instance, in India, only 13 states have legalized the lottery system. It is considered illegal in 15 states and 8 union territories. In the United States of America, 45 states run lotteries. Even if it is legal in some nations, some nations have operator licenses. Countries like Germany, Italy, and Iceland, amongst others, have an operator licenses.
COVID-19 pandemic impact on the global lottery market
With the outbreak of COVID-19, the lottery market has been affected. due to strict restrictions imposed by various countries to contain the spread of the virus. However, the online segment of the market is seeing great adoption post-pandemic.
Global Lottery Market Scope:
Report Metric | Details |
Market Size Value in 2020 | US$239.040 billion |
Market Size Value in 2027 | US$357.041 billion |
Growth Rate | CAGR of 5.90% from 2020 to 2027 |
Base Year | 2020 |
Forecast Period | 2022–2027 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Type, Mode, And Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Camelot Group, China LotSynergy Holdings Ltd., Florida Lottery, International Game Technology plc, Lotto NZ, New York State Gaming Commission, Scientific Games Corp., Lotterywest, California State Lottery, and more. |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Type
- Terminal-based games
- Scratch-off games
- Sports lotteries
- By Mode
- Online
- Offline
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Others
- North America
Frequently Asked Questions (FAQs)
The global lottery market is expected to reach a market size of US$357.041 billion by 2027.
Lottery Market was valued at US$239.040 billion in 2020.
The lottery market is expected to grow at a CAGR of 5.90% over the forecast period.
Increasing accessibility of the internet is one of the prime factors contributing to the lottery market.
The lottery market has been segmented by type, mode, and geography.
1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Scope of the Study
1.5. Currency
1.6. Market Segmentation
1.7. Assumptions
1.8. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
2.2. Validation
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL LOTTERY MARKET ANALYSIS, BY TYPE
5.1. Introduction
5.2. Terminal-based games
5.3. Scratch-off games
5.4. Sports lotteries
6. GLOBAL LOTTERY MARKET ANALYSIS, BY MODE
6.1. Introduction
6.2. Online
6.3. Offline
7. GLOBAL LOTTERY MARKET ANALYSIS, BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Israel
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. India
7.6.4. South Korea
7.6.5. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Camelot Group
9.2. China LotSynergy Holdings Ltd.
9.3. Florida Lottery
9.4. International Game Technology plc
9.5. Lotto NZ
9.6. New York State Gaming Commission
9.7. Scientific Games Corp.
9.8. Lotterywest
9.9. California State Lottery
9.10. Intralot SA
9.11. Française des Jeux
Camelot Group
China LotSynergy Holdings Ltd.
Florida Lottery
International Game Technology plc
New York State Gaming Commission
Scientific Games Corp.
Lotterywest
California State Lottery
Intralot SA
Française des Jeux
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