Canada
Statistical Report on Lottery Market Size Rise at +3.10% CAGR by 2028, Worth US$ 405.20 Billion – Report by Facts & Factors (FnF)
Facts and Factors has published a new research report titled “Lottery Market Size, Share, Growth Analysis Report By Type (Terminal-Based Games, Scratch-off Games, Sports Lotteries), By Mode (Offline, Online), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Lottery Market size & share was valued at approximately USD 366.55 billion in 2021. The market is expected to grow above a CAGR of 3.10% and is anticipated to reach over USD 405.20 billion by 2028.”
The report analyses the Lottery market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Lottery market.
Lottery Market Overview:
In the case of a lottery, the winning numbers are selected at random. While some countries outlaw lotteries, others even go so far as to create a national or state lottery. The most common restriction is the prohibition on sales to minors and the requirement that retailers hold a license before selling lottery tickets. Governments often regulate the sale of lottery tickets. Most gambling activities, including lotteries and sweepstakes, had been made illegal in the US, most of Europe, and a few other countries by the turn of the 20th century, even though they were widespread in the US and a few other countries during the 19th century. Globally, lotteries and casinos had resurgence in the 1960s as a way for governments to collect money without raising taxes. Lotteries come in a variety of formats. The prize could be something particular, like money or merchandise.
Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs – https://www.fnfresearch.com/sample/lottery-market
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 231+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historical and Forecast Growth, Porter’s 5 Forces Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Market Dynamics:
Growth Drivers
- The expanding use of online lotteries has driven market growth
One of the key factors driving growth in the global lottery market is the rising popularity of online lottery. The spread of the online lottery is attributed to the rise in smartphone and Internet usage. Due to the availability of different mobile apps and online platforms, as well as the ease of access to the Internet, customers can participate in the lottery. Vendors are utilizing cutting-edge technologies, such as interactive bots and graphics, which have become standard in the gaming sector to increase the consumer attractiveness of the online lottery. Due to the severe restrictions on lotteries in many regions, the global lottery market will encounter substantial obstacles during the projected period. Lotteries are one type of gambling that is heavily controlled in many countries. The industry is closely correlated with social responsibility. Therefore it makes sense that it would be heavily regulated. Adopting technologies by lottery operators is one change in the lottery industry projected to impact the market in the coming years positively.
Restraints
- Government restrictions on the lottery hamper the market growth
The global lottery sector is closely regulated and mostly dominated by governmental organizations, making corporate expansion difficult. Instead of doing business, as usual, sellers started focusing on creating new methods for interacting with clients. To do this, businesses need to identify cutting-edge technology that can increase the allure of the offline lottery.
Key questions answered in this report:
- What is the market size and growth rate forecast for Lottery industry?
- What is the main driving factors propelling the Lottery Market forward?
- What are the leading companies in the Lottery Industry?
- What segments does the Lottery Market cover?
- How can I receive a free copy of the Lottery Market sample report and company profiles?
Browse the full “Lottery Market Size, Share, Growth Analysis Report By Type (Terminal-Based Games, Scratch-off Games, Sports Lotteries), By Mode (Offline, Online), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028″ report at https://www.fnfresearch.com/lottery-market
Lottery Market: COVID-19 Impact Analysis
Because of the widespread implementation of strict new laws all around the world in response to the COVID-19 pandemic, the lottery industry has been negatively impacted. However, since the pandemic, there has been a substantial increase in the market’s adoption of its internet component. As a result of the lockdown that was caused by COVID-19, offline lottery ticket vendors and other gaming firms were had to close their doors. The growth in popularity of online gambling may lead to an increase in the number of tickets purchased for online lotteries, which would be beneficial for the continued health of the sector during the epidemic. Gamblers who have a lot of spare time and wager consistently incur big losses as a result of their behaviour. Addiction to gambling is a potential consequence of this behaviour. It is required that all gambling platforms provide services for responsible gambling in order to assist those who have been negatively influenced by gambling.
Key Insights from Primary Research
- As per the analysis, the Lottery market is likely to grow above a CAGR of around 3.10% between 2022 and 2028.
- The Lottery market size was worth around US$ 366.55 Billion in 2021 and is estimated to hit approximately US$ 405.20 Billion by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type segmentation, the terminal-based games category dominated the market in 2021.
- By mode, the online segment dominated the market in 2021
- On the basis of region, North America dominated the global lottery market in 2021.
Lottery Market: Segmentation Analysis
The global lottery market is segregated based on type, mode, and region.
Based on type, the market is segmented into terminal-based games, scratch-off games, and sports lotteries. The terminal-based games segment commanded the largest market share in the global lottery industry in 2021. Based on the mode, the global lottery market has been split into online and offline segments. The online sector of the lottery market will grow the fastest within the predicted time range.
Regional Analysis:
The global lottery market is segmented into geographical regions: North America, Latin America, Europe, Asia-Pacific, the Middle East, and Africa. The North American area is projected to grow at the highest CAGR during the forecasted year. The growing importance of entertainment options is one of the main factors boosting lottery demand in the North American market. The North American lottery business is regarded as the most well-liked globally due to how frequently telephones are used. US lotteries also provide an internet platform so that participants can take part from the comfort of their own homes. In addition, many global investors now prefer INTRALOT SA, one of the most well-known US lotteries. Other well-liked Canadian lottery games include Lotto Max, 6/49, and Lotto Daily Grand.
Report Scope:
Report Attribute | Details |
Market Size in 2021 | USD 366.55 Billion |
Projected Market Size in 2028 | USD 405.20 Billion |
CAGR Growth Rate | 3.10% CAGR |
Base Year | 2021 |
Forecast Years | 2022-2028 |
Key Market Players | Camelot GroupChina, LotSynergy Holdings Ltd., Florida Lottery, International Game Technology plc, Lotto NZ, New York State Gaming Commission, Scientific Games Corp., Brookfield Business Partners, California State Lottery, INTRALOT SA., and others. |
Key Segment | By Type, Mode, and Region |
Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options | Request customized purchase options to meet your research needs. |
Competitive Players
The report contains qualitative and quantitative research on the global Lottery Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.
Some of the main players in the global Lottery market include:
- Camelot GroupChina
- LotSynergy Holdings Ltd.
- Florida Lottery
- International Game Technology plc
- Lotto NZ
- New York State Gaming Commission
- Scientific Games Corp.
- Brookfield Business Partners
- California State Lottery
- INTRALOT SA.
Recent Industry Developments:
- In 2021: On its official website, Crypto Millions Lotto announced the launch of four new lottery games. Two of the four games described above, India Fantasy 5 and India Million Lotto, have their headquarters in India; the other two, Powerball+ and Mega Millions+, have their headquarters in the United States.
(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
The global Lottery market is segmented as follows:
By Type
- Terminal-based games
- Scratch-off games
- Sports lotteries
By Mode
- Online
- Offline
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Type, Mode, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Canada
Relax Gaming joins forces with PointsBet to strengthen footprint in Ontario
Relax Gaming, the iGaming aggregator and supplier of unique content, has significantly enhanced its presence in the Ontario market through an agreement with leading Canadian operator, PointsBet.
This partnership reinforces Relax Gaming’s aim to become a standout provider across North America, having already gained early success in Ontario. Relax became one of the first suppliers to deliver content to the region’s players in March 2022, debuting with over 120 games across multiple operators.
PointsBet pride themselves as one of Canada’s leading operators offering unmatched speed, ease of use, and a comprehensive array of pre-game and in-play sports betting options. This is complemented by a top-tier online casino which will now be boosted with the integration of Relax’s portfolio of slots and live dealer options.
With its authentic Canadian approach, PointsBet prioritises technology that minimises external dependencies to maintain control over its platform and has a commitment to responsible gambling best practices, ensuring a safe and secure environment for all players.
Martin Stålros, CEO at Relax Gaming, said: “Since we launched in Ontario we have enjoyed tremendous success, with our content hitting the sweet spot for the broad range of players in the Canadian province. This partnership with PointsBet will strengthen our presence in the market as the region’s leading operator integrates our rich content portfolio which will engage its player base.”
Scott Vanderwel, Chief Executive Officer at PointsBet, added: “Relax Gaming has established a strong reputation across North America and in Ontario in particular. The impressive range of content that will be integrated into our platform will increase engagement within our online platform and we are delighted to be able to provide more immersive experiences to our audiences.”
Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 names the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.
Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.
Canada
Jackpot Digital Receives Approval from the Saskatchewan Liquor and Gaming Authority
Jackpot Digital, a leading manufacturer of electronic multiplayer dealerless poker tables, has announced that it has received approval from the Saskatchewan Liquor and Gaming Authority (SLGA) to act as a registered supplier of gaming supplies and services to regulated casinos in the Canadian province of Saskatchewan.
The approval follows the Company’s news release dated February 6, 2024, announcing the signing of a licensing agreement with the Saskatchewan Indian Gaming Authority (SIGA) to install the Company’s Jackpot Blitz dealerless poker ETGs into SIGA casinos.
SIGA operates seven casinos and Playnow.com in Saskatchewan. At the outset, SIGA proposes to install Jackpot Blitz machines at its Dakota Dunes and Gold Horse Casino properties, located in Saskatoon and Lloydminster, respectively.
Jackpot CEO Jake Kalpakian said: “We are excited to receive approval as a gaming equipment supplier in Saskatchewan. This represents the first major jurisdictional, non-tribal license received by Jackpot during our continuing expansion into the land-based casino market. We have many more license applications underway in the US and other Canadian provinces, which will dramatically impact our ability to accelerate the rollout of Jackpot Blitz across North America.”
Calgary Sports and Entertainment Corporation
Play Alberta, CSEC Extend Partnership
Teams under the Calgary Sports and Entertainment Corporation (CSEC) banner have expanded their long-term partnership with Play Alberta, the province’s premier iGaming destination. As part of the agreement, the Flames will feature AGLC’s responsible gambling program, GameSense, on their home helmets and a Play Alberta insignia displayed on their home jerseys. The Stampeders, Wranglers, and Roughnecks will integrate the Play Alberta logo onto their uniforms.
“There’s significant importance now to showcase meaningful responsible gambling efforts in the iGaming industry. I’m proud of our initiatives to provide GameSense with such a visible platform. GameSense promotes healthy gambling habits online and in person and including AGLC’s responsible gambling platform over the course of this partnership is a huge accomplishment,” Kandice Machado, Chief Executive Officer at AGLC.
The agreement makes Play Alberta the exclusive sports betting and online gaming partner of the Flames, Wranglers, Stampeders, and Roughnecks. Through the partnership, Play Alberta and CSEC will develop unique partnerships and in-arena giveaways during the season.
“Through GameSense, our partnership with Play Alberta equips our fans with the knowledge required if they wish to participate in gaming while they support their home team. We are both proud and excited to extend our relationship with Play Alberta that makes cheering for our teams that much more fun while also generating revenue to support the quality of life for Albertans,” said CSEC President and CEO Robert Hayes.
Alberta is the first jurisdiction in North America to partner with professional sports franchises and integrate PlayAlberta.ca and social responsibility branding onto uniforms. It upholds AGLC’s commitment to responsible play, raising awareness of GameSense and Self-Exclusion, resources that give bettors the tools they need to make healthy gambling choices.
In addition, proceeds generated through the website go toward the province’s General Revenue Fund. In 2023–24, $235 million was generated for programs and services that Albertans rely on every day through Play Alberta, an increase of more than $42 million from the previous year.
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