Lottery Market to Record 8.41% Y-O-Y Growth Rate in 2021 | Camelot UK Lotteries Ltd. Offers a Wide Range of Lottery Games such as Lotto, Euromillions, Thunderball, etc| Technavio

• Total Pages: 120
• Companies: 10+ – Including Camelot UK Lotteries Ltd., and China LotSynergy Holdings Ltd. Florida lottery, among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Type (terminal-based games, scratch-off games, and sports lotteries)
• Geographies: APAC, Europe, North America, MEA, and South America

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According to the recent market study by Technavio, theLottery Market is expected to increase by USD 194.14 billion from 2020 to 2025, at an accelerated CAGR of 9.09%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets. APAC will register the highest growth rate of 38% among the other regions.

Download FREE Sample: for more additional information about the key countries in APAC

Vendor Insights-
The Lottery Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

• Camelot UK Lotteries Ltd. -  The company offers a wide range of lottery games such as Lotto, Euromillions, Thunderball, lotto hotpicks and others
• China LotSynergy Holdings Ltd. - The company offers a wide range of lotteries such as CTG and KENO-type lottery, Video Lottery, New Media Lottery, and others.
• Florida Lottery -  The company offers a wide range of lottery games such as fantasy 5, Powerball, pick 3, megamillions, and others.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook
The Lottery Market share growth in APAC will be significant during the forecast period. China is a key market for lotteries in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

Download our FREE sample reportfor more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends Driving the Market-

• Lottery Market Driver:
• Increasing penetration of online lottery :
  The increasing penetration of online lottery will fuel the growth of the lottery market size. The growth in the online lottery is attributed to the growing penetration of the Internet and smartphones. Owing to the ease of access to the Internet and the availability of various mobile apps and online platforms, consumers are easily able to participate in the lottery.
• Lottery Market Trend:
• Adoption of technologies:
  Vendors are using advanced technologies such as graphics and interactive bots, which have become popular in the gaming arena, to make the online lottery more attractive for consumers. The adoption of online platforms is a strategy through which vendors are trying to provide a better experience to customers as well as tap on the growing use of smartphones by consumers. Lottery companies, including large entertainment companies that provide a huge portfolio of entertainment products, are increasingly using these platforms to promote lottery as well as create awareness and interest among consumers.

Find additional information about various other market Drivers & Trends mentioned in ourFREE sample report.

Related Reports -
Lottery Market in US - The lottery market share in US is expected to increase by USD 27.90 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.96%. Download a free sample now!

Casinos and Gambling Market -The casinos and gambling market has the potential to grow by USD 32.54 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 3.50%. Download a free sample now!

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SOURCE Technavio