NEW YORK, May 31, 2023 /PRNewswire/ -- The latest report on the lottery market in the US, 2023-2027 estimates to register an incremental growth of by USD 39.39 billion, accelerating at a CAGR of 6.61% during the forecast period. The market is concentrated due to the presence of diversified international and regional vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Lottery Market In the US 2023-2027: Vendor Analysis

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Arizona Lottery, Connecticut Lottery Corp., Florida Lottery, International Game Technology plc, New York State Gaming Commission, Pennsylvania Lottery, Pollard Banknote Ltd., Scientific Games LLC, and Texas Lottery Commission are among some of the major market participants.

arizonalottery.com- The company offers lottery such as Winning Numbers, Where To Play, Draw Games, Quick Draw, Scratchers, Fast Play.

ctlottery.org- The company offers lottery such as Scratch Games, Fast Play Games, Keno, Powerball, Mega Millions, Lotto.

flalottery.com- The company offers lottery such as Powerball, Mega Millions, Florida Lotto, Cash4Life, Jackpot Triple Play.

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

• Global competitiveness and key competitor positions

• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

• Customization options available as per your business needs

• Access to 17000+ research report subscriptions

Lottery Market in the US 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Lottery Market in the US 2023-2027 Size

• Lottery Market in the US 2023-2027 Trends

• Lottery Market in the US 2023-2027 Industry Analysis

Market Drivers

• Growing adoption of marketing strategies to increase ticket sales

• High penetration of smartphones

• Growing popularity of lottery due to low adoption cost and easy availability

Market Trends

• Advancing technologies

• The growing use of lottery money for good cause

• Growing focus on ensuring the security of lotteries

Market Challenges

• Socioeconomic impact of lotteries

• Prevalence of black market

• Presence of stringent regulations

In addition to the forecast, the report also highlights the key opportunities by analyzing drivers, trends, and challenges for the market. download Sample reports

Lottery Market in the US 2023-2027: Segmentation

Lottery Market in the US is segmented as below:

• Type

For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021) & forecast (2023-2027)  – Download a Sample Report

Lottery Market in the US 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027

• Detailed information on factors that will assist the lottery market in the US growth during the next five years

• Estimation of the lottery market size in the US and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the lottery market in the US

• Analysis of the market's competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of lottery market vendors in the US

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Related Reports:

Casino Gaming Market- The casino gaming market size is estimated to grow at a CAGR of 4.86% between 2022 and 2027. The market size is forecast to increase by USD 65.63 billion.

Slot Machine Market- The slot machine market is estimated to grow at a CAGR of 12% between 2022 and 2027. The size of the market is forecast to increase by USD 3,680.31 million.

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Lottery market in US 2017 - 2021

• 4.2 Type Segment Analysis 2017 - 2021

• 4.3 Platform Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by Type

• 6.1 Market segments

• 6.2 Comparison by Type

• 6.3 Scratch-off games - Market size and forecast 2022-2027

• 6.4 Terminal-based games - Market size and forecast 2022-2027

• 6.5 Sports lotteries - Market size and forecast 2022-2027

• 6.6 Market opportunity by Type

7 Market Segmentation by Platform

• 7.1 Market segments

• 7.2 Comparison by Platform

• 7.3 Traditional - Market size and forecast 2022-2027

• 7.4 Online - Market size and forecast 2022-2027

• 7.5 Market opportunity by Platform

8 Customer Landscape

• 8.1 Customer landscape overview

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape

• 10.3 Landscape disruption

• 10.4 Industry risks

11 Vendor Analysis

• 11.1 Vendors covered

• 11.2 Market positioning of vendors

• 11.3 Arizona Lottery

• 11.4 Connecticut Lottery Corp.

• 11.5 Florida Lottery

• 11.6 International Game Technology plc

• 11.7 New York State Gaming Commission

• 11.8 Pennsylvania Lottery

• 11.9 Pollard Banknote Ltd.

• 11.10 Scientific Games LLC

• 11.11 Texas Lottery Commission

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist

• 12.3 Currency conversion rates for US$

• 12.4 Research methodology

• 12.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Infiniti Research, Inc.