Lottery Global Market Report 2024: Catalysts in Online Lotteries and Smartphone Penetration

Dublin, Feb. 26, 2024 (GLOBE NEWSWIRE) — The “Lottery Global Market Report 2024” report has been added to ResearchAndMarkets.com’s offering.

The lottery market size has grown strongly in recent years. It will grow from $283.71 billion in 2023 to $311.11 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to legislation and regulation, consumer spending trends, marketing and promotion strategies, jackpot sizes and prizes, charitable contributions.

The lottery market size is expected to see strong growth in the next few years. It will grow to $424.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to innovation in game formats, global market expansion, integration of cryptocurrency, regulatory changes, demographic targeting. Major trends in the forecast period include digital transformation and online platforms, technological advancements, blockchain for transparency and security, innovative game formats and themes, focus on responsible gaming.

The increasing penetration of online lotteries is expected to boost the growth of the lottery market going forward. Online lottery refers to a broad term that encompasses games offered on websites or played through mobile apps,

A selection of companies mentioned in this report includes

• UK National Lottery
• New York Lottery
• California State Lottery
• The Texas Lottery
• Singapore Pools Limited
• Michigan Lottery
• The Hong Kong Jockey Club
• Virginia Lottery
• International Game Technology
• INTRALOT
• New Jersey Lottery
• Francaise des Jeux
• Scientific Games Corporation
• Light & Wonder Inc.
• The Florida Lottery
• Loto-Quebec
• Ontario Lottery and Gaming Corporation
• Tennessee Education Lottery Corporation
• Pennsylvania Lottery
• Lotterywest
• Oregon Lottery
• Colorado Lottery
• Sisal S.p.A.
• Minnesota State Lottery
• Atlantic Lottery Corporation
• Pollard Banknote Limited
• Camelot UK Lotteries Ltd.
• Georgia Lottery Corporation
• Jackpocket Inc.
• New Zealand Lotteries Commission
• Jumbo Interactive Limited
• China LotSynergy Holdings Limited
• Arizona State Lottery

For more information about this report visit https://www.researchandmarkets.com/r/7hhqxz

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: 
CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900