LONDON–(BUSINESS WIRE)–Technavio has been monitoring the lottery market in the US and it is poised to grow by USD 30.12 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arizona Lottery, Florida Lottery, International Game Technology Plc, INTRALOT SA, New York State Gaming Commission, PA Lottery, Pollard Banknote Ltd., Scientific Games Corp., Texas Lottery Commission, and The California State Lottery are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The high penetration of smartphones has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Lottery Market in the US 2020-2024: Segmentation
Lottery Market in the US is segmented as below:
- Type
- Scratch-off Games
- Terminal-based Games
- Sports Lotteries
- Platform
- Traditional
- Online
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Lottery Market in the US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The lottery market in the US report covers the following areas:
- Lottery Market Size in the US
- Lottery Market Trends in the US
- Lottery Market Analysis in the US
This study identifies advancing technologies as one of the prime reasons driving the lottery market growth in the US during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Lottery Market in the US 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist lottery market growth in the US 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
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
- Comparison of lottery market in US with other markets
- Lottery market in China – Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Scratch-off games – Market size and forecast 2019-2024
- Terminal-based games – Market size and forecast 2019-2024
- Sports lotteries – Market size and forecast 2019-2024
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
- Buying criteria of lottery
PART 08: MARKET SEGMENTATION BY PLATFORM
- Market segmentation by platform
- Comparison by platform
- Traditional – Market size and forecast 2019-2024
- Online – Market size and forecast 2019-2024
- Market opportunity by platform
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Advancing technologies
- Increasing strategic alliances
- Increasing organic growth
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Arizona Lottery
- Florida Lottery
- International Game Technology Plc
- INTRALOT SA
- New York State Gaming Commission
- PA Lottery
- Pollard Banknote Ltd.
- Scientific Games Corp.
- Texas Lottery Commission
- The California State Lottery
PART 13: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 14: EXPLORE TECHNAVIO
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