Technavio has been monitoring the lottery market and it is poised to grow by USD 194.14 billion during 2021-2025, progressing at a CAGR of 9.09% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The increasing penetration of online lottery, growing popularity of lottery due to low-cost adoption and easy availability, and surging adoption of social media marketing for lottery promotion will offer immense growth opportunities for the market vendors to expand their businesses. However, stringent regulations on the lottery in various regions, the socio-economic impact of lotteries, and the popularity of other forms of gambling and black market will challenge the growth of the market participants.
Lottery Market 2021-2025: Segmentation
Lottery Market is segmented as below:
- Terminal-based Games
- Scratch-off Games
- Sports Lotteries
- North America
- South America
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