Lottery Global Market Report 2023

Major Lottery Market Players are Interlot, Camelot UK Lotteries Limited, Florida Lottery, California State Lottery, International Game Technology, Lotto NZ, Light & Wonder Inc., China Lottery Synergy Holdings Limited, Arizona State Lottery, Georgia Lottery Corporation, Hong Kong Jockey Club, Singapore Pools, La Francais des Jeux, Colorado Lottery, and Jumbo Interactive.

The market value is defined as the revenues that gain from the sale of goods, and providing services within the specified market and geography through sales, grants, or donations in terms of the currency.

At a compound annual growth rate (CAGR) of 40.9%, the global lotteries market is expected to grow from $211.77 billion in 2022 to $298.29 billion in 2023. At least in a short time, The Russia-Ukraine war convulses the chances of global economic recovery from the COVID-19 pandemic. 

The war between these two countries has led to penalties for many countries, a surge in commodity prices, and supply chain disruptions. That causes inflation across goods and services and affects many markets across the globe. In 2027, the lotteries market is expected to grow $358.40 billion at a CAGR of 4.7%.

The lottery market earns revenue from entities by providing better services such as gaming systems, retail point-of-sale technology, and digital and sports betting solutions. Market value incorporates the value of the relevant goods sold by the service provider or included in the service offering.

Only goods and services that are traded between entities or sold to end users are covered.

Lottery refers to any low-probability game of chance or procedure in which lottery winners are selected at random. Lotteries offer players the option to win money and jackpot prizes.

It also presents adorable gifts to its participants or lottery users.

In 2022, North America was the largest region in the lottery market. The regions included in the lottery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of lotteries are the lotto, daily games, quizzes type lottery, numbers games, scratch-off instant games, terminal-based games, and others.

The lottery management system offers online apps for the ease of lottery players. Due to the increasing penetration of online lotteries, the lottery market is expected to go forward.

For instance, according to a published report by Jackpocket Inc., a US-based officially licensed third-party lottery app, in 2021, digital lottery play increased in every state, where Jackpocket runs, ranging from 29.7% in Minnesota to 1,084.9% in Ohio.  

Furthermore, since Q2 2020, across all the states where Jackpocket is operating, total winnings have increased by 387.1%. Jackpocket users above 55 prefer to utilize the mobile web (46.4%), while those between the ages of 26 and 35 choose iOS (17.4%).  Therefore, the increasing indulgence in online lotteries is raising the growth of the lottery market.

Technological advancement is the key trend raising popularity in the lottery market. Major companies focusing on developing new technologies.

For instance, in March 2021, SCiQ InLane technology launched lottery retail solutions for instant games.  In March 2023, Allwyn, a UK-based lottery service provider, acquired Camelot Lottery Solutions for an undisclosed amount. 

The countries included in the lottery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.