15-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Lottery Market By Type (Terminal-Based Game, Sports Lotteries, and Scratch-Off Games), By Platform (Offline and Online), By Device Type (Mobile and Desktop), By Gender (Male and Female), and By Age Group (Between 18 years and 34 years, Between 35 years and 50 years, Between 51 years and 65 years, and Above 65 years): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025”. According to the report, the global Lottery market was valued at approximately USD 355.32 billion in 2018 and is expected to reach a value of around USD 663.11 billion by 2025, at a CAGR of around 9.36% between 2019 and 2025.
A lottery is a type of betting that includes the drawing of numbers for the prize money. Lotteries are banned by few governments, while some of the governments approve it to the extent of establishing a nationwide or statewide lottery. Moreover, the most common rule is the ban on the sale of lotteries to youths and the need for license by the vendors to sell lottery tickets is mandated by the government of various countries.
Browse the full “Lottery Market By Type (Terminal-Based Game, Sports Lotteries, and Scratch-Off Games), By Platform (Offline and Online), By Device Type (Mobile and Desktop), By Gender (Male and Female), and By Age Group (Between 18 years and 34 years, Between 35 years and 50 years, Between 51 years and 65 years, and Above 65 years): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025” Report at https://www.fnfresearch.com/lottery-market-by-type-terminal-based-game-sports-278
Massive acceptance of lotteries among the youth to drive the market growth
The rise in the rate of adoption of the lotteries by the youth population is expected to steer the growth of the market during the forecast period. Additionally, the rise in the number of females demanding the lotteries will further prompt the business growth over the forecast period. Apart from this, the high reach of online lottery among the target audience will further create lucrative growth avenues for the market over the forecast period. However, enforcement of strict laws controlling the sale of lotteries will hinder business growth over the forecast period. Additionally, the introduction of new lottery distribution channels will put brakes on the market growth over the period from 2019 to 2025. Nonetheless, a huge demand for re-introducing scratch lottery cards will produce new growth opportunities for the market over the forecast timespan. Additionally, high prospects of growth for internet & mobile phone-based lotteries will steer the growth of the market over the period from 2019 to 2025.
Terminal-based game to dominate the type segment by 2025 in terms of revenue
The growth of the terminal-based game segment during the period from 2019 to 2025 is attributed to the huge presence of buyers.
Online segment is predicted to record the highest CAGR over the forecast period
The online segment is set to register the highest growth rate of over 10% during the timespan from 2019 to 2025. The growth of the segment is credited to the massive popularity of draw-based online games and scratch-off instant online games in the countries of Europe. In addition to this high focus on enhancing online sales and investing in digital technology will prompt the segmental surge over the forecast timeline.
Europe to account for the major market revenue share by 2025
The regional market growth during the forecast period is credited to the huge demand for lottery systems in the region along with supportive government laws & lottery activities in Europe.
Some of the key players in the market include California State Lottery, Connecticut Lottery Corporation, Camelot, Florida Lottery, Francaise des Jeux, HKJC Lotteries Limited, IGT, Intralot, Minnesota Lottery, Mizuho Bank, Ltd., New York State Gaming Commission, Singapore Pools, Sports Toto Malaysia SDN BHD, The China Sports Lottery, theLotter.com, and Welfare Lottery.
This report segments the Lottery market as follows:
Global Lottery Market: By Type Segment Analysis
- Terminal-Based Game
- Sports Lotteries
- Scratch-Off Games
Global Lottery Market: By Platform Segment Analysis
Global Lottery Market: By Device Type Segment Analysis
Global Lottery Market: By Gender Segment Analysis
Global Lottery Market: By Age Group Segment Analysis
- Between 18 years and 34 years
- Between 35 years and 50 years
- Between 51 years and 65 years
- Above 65 years
Global Lottery Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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