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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Lottery Market Outlook
The global lottery market was around USD 315.18 billion in the year 2023. The market is estimated to grow at a CAGR of 4.1% between 2024 and 2032, reaching a market value of nearly USD 452.94 billion by 2032.
Key Trends in the Market
A lottery is a popular game of chance where winners are selected through a random drawing. It represents a low-probability game where luck plays a significant role in determining the outcome. On winning the game, the player is provided with a reward.
- One of the key lottery market trends is the shift from retail to omnichannel lottery sales. With evolving customer behaviours and the rising reliance on technology, online channels that can complement traditional lottery sales and connect retail and digital experiences are being developed. Moreover, the growing reliance on digital wallets and the development of immersive digital play experiences across all channels are further fuelling the market.
- The rising trend of personalisation and the surging investments to create ultra-personalised player journeys are significantly influencing the lottery market growth. Brands are utilising innovative technologies to improve data collection, predict the persona of players, create customisable experiences, and offer relevant and personalised engagement strategies to enhance player acquisition and retention.
- The lottery market demand is being supported by the evolving lottery landscape and improving regulatory compliance due to the emergence of advanced payment methods, tools, and services. In addition, the simplified ticket purchases and surging efficiency, security, and transparency of lotteries are favouring the market expansion.
Lottery Market Report Snapshots
Lottery Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 315.18 billion.
The market is assessed to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 452.94 billion by 2032.
The major market drivers are the increasing popularity of online lotteries and the surging accessibility to the internet and smart devices.
The growing trend of personalisation, improving regulatory compliance, and the shift from retail to omnichannel lottery sales are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of lottery are terminal-based games, scratch-off games lottery, and sports lotteries, among others.
The key players in the market include Camelot Group., Scientific Games, LLC, International Game Technology PLC, China LotSynergy Holdings Ltd., Lotterywest, Florida Lottery, Lotto NZ, New York State Gaming Commission, Vantage Enterprises Limited (Lotto247), and PLAYUKINTERNET N.V. among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124