Lottery Market Analysis in the US Highlights Impact of COVID-19 2020-2024 | High Penetration of Smartphones to Boost the Market Growth | Technavio

By Associated Press 08 July 2020, 12:00AM

LONDON--(BUSINESS WIRE)--Jul 7, 2020--

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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Technavio has announced its latest market research report titled Lottery Market in the US 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

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

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40658

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

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200707005499/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: ELECTRONIC GAMES CASINO/GAMING ENTERTAINMENT ONLINE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 07/07/2020 09:45 AM/DISC: 07/07/2020 09:45 AM

http://www.businesswire.com/news/home/20200707005499/en

By Associated Press 08 July 2020, 12:00AM
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