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(MoneyNewsWire.Net, April 12, 2018 ) Following companies as the key players in the global lottery market: California State Lottery, Camelot Group, INTRALOT, and New York State Lottery.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing promotion of lottery through social media. Social media is being widely used for the promotion of lotteries. A number of winners and lottery companies post the winning prizes on social networking websites such as Facebook, Twitter, and Google+ to promote their lotteries.”
According to the report, one driver in the market is contribution toward economy. The gambling industry plays a prominent part toward the economy. For instance, the US alone accounted for 0.91% of the US GDP in 2017. The lottery market alone has a huge potential to create job opportunities. Also, legalizing of more number of online and traditional lottery will further fetch higher jobs to seekers.
Further, the report states that one challenge in the market is high risk factors. One of the major factors that hinder the growth and expansion of the sports betting market is the huge risk involved in running the business, though profit margins are high. As the profit margins are high, the sports betting market attracts the entry of both legal and illegal gambling business.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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The market is expected to grow at a CAGR of 8.80%
About Lottery
This report covers the present scenario and the growth prospects of the global lottery market for 2018-2022. The report explains the market with a detailed forecast of its revenue. To calculate the market size, the report considers the revenue generated from the type of lotteries such as terminal-based games, scratch-off games, and sports lotteries.
Global lottery market to grow at a CAGR of 9.67% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global lottery market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Lottery Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
• California State Lottery
• Camelot Group
• INTRALOT
• New York State Lottery
Market driver
• Contribution toward economy
• For a full, detailed list, view our report
Market challenge
• High risk factors
• For a full, detailed list, view our report
Market trend
• Growing promotion of lottery through social media
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
Some points from TOC:-
Table of Contents PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
•Market outline
PART 05: MARKET LANDSCAPE
•Market ecosystem
•Market characteristics
•Market segmentation analysis
PART 06: MARKET SIZING
•Market definition
•Market sizing 2017
•Market size and forecast 2017-2022
PART 07: FIVE FORCES ANALYSIS
•Bargaining power of buyers
•Bargaining power of suppliers
•Threat of new entrants
•Threat of substitutes
•Threat of rivalry
•Market condition
PART 08: MARKET SEGMENTATION BY TYPE
•Segmentation by type
•Comparison by type
•Terminal-based games – Market size and forecast 2017-2022
•Scratch-off games – Market size and forecast 2017-2022
•Sports lotteries – Market size and forecast 2017-2022
Continued
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