Lottery is banned in various states in the US mainly due to its impacts on the society. The purchase of lottery can be addictive, hence impacting the livelihood of many. However, due to easier ROI, the demand for lottery has increased. Higher jackpot values have raised the demand for tickets with larger jackpot amount in state lotteries of the US. This lures casual players into the game as they buy the lottery tickets only when the prize is highly attractive. A large audience was attracted to the prize money of $100 million in 2013. However, due to the influence of jackpot fatigue, the lottery vendor's revenue flow is restricted as fewer people are buying lottery tickets, which is affecting the growth of the market in the country. With jackpot fatigue creeping in the US lottery market, prize amount as high as $300 million is expected to fetch more players.
2. ABSTRACT
Lottery is banned in various states in the US mainly due to its impacts on the society. The
purchase of lottery can be addictive, hence impacting the livelihood of many. However, due to
easier ROI, the demand for lottery has increased. Higher jackpot values have raised the demand
for tickets with larger jackpot amount in state lotteries of the US. This lures casual players into the
game as they buy the lottery tickets only when the prize is highly attractive. A large audience was
attracted to the prize money of $100 million in 2013. However, due to the influence of jackpot
fatigue, the lottery vendor's revenue flow is restricted as fewer people are buying lottery tickets,
which is affecting the growth of the market in the country. With jackpot fatigue creeping in the
US lottery market, prize amount as high as $300 million is expected to fetch more players.
Technavio’s analysts forecast the lottery market in the US to grow at a CAGR of 5.41% during the
period 2016-2020, in terms of revenue.
Covered in this report:
The report covers the present scenario and the growth prospects of the lottery market in the US
for 2016-2020. To calculate the market size, the report considers the revenue generated from the
different types of lotteries and by different region in the lottery market.
The market is divided into the following segments based on type:
Lottery market in US by scratch card
Lottery market in US by other
3. ABSTRACT
Key vendors
California State Lottery
Illinois State Lottery
Missouri Lottery
Hoosier Lottery
New York State Lottery
North Carolina Education Lottery
Texas Lottery Commission
Market challenge
Compliance with anti-lottery laws
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 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?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
4. Length Publisher Published Date
59 Pages
TechNavio – Infiniti
Research
August 9th,
2016
Table of Contents
1. Executive summary
2. Scope of the report
3. Market research methodology
4. Introduction
5. Industry overview
6. Market landscape
7. Market segmentation by type
8. Lottery market in US by states
9. Potential online gambling market in US
10. Buying criteria
11. Market drivers
12. Impact of drivers
13. Market challenges
14. Etc.
Learn more about this report
5. ABOUT THE PUBLISHER
TechNavio - Infiniti Research Ltd. is a ground breaking technology advisory and research firm
with comprehensive international coverage. They focus sharply on emerging tech trends that
can direct the makeup of the market.
TechNavio identifies the trends by applying a combination of qualitative and quantitative
methods in its proprietary research practices. They build breakdowns throughout market
segments and geographies based on the trends seen. These breakdowns and analyses are
applied to assist their customers in identifying fresh and already existing opportunities in their
markets.
View more reports from this publisher
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