The Lottery Global Market Report 2023, provides comprehensive information on the lottery market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Lottery Global Market Report 2023, the market size is expected to grow from $211.77 billion in 2022 to $298.29 billion in 2023 at a compound annual growth rate (CAGR) of 40.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global lotteries market size is expected to reach $358.40 billion in 2027 at a CAGR of 4.7%.

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Technological advancement is the key trend gaining popularity in the lottery market. Major companies operating in the lottery market are focusing on developing new technologies. For instance, in March 2021, Scientific Games, a US-based provider of gambling products and services to lottery and gambling organizations, launched lottery retail solutions for instant game purchases in the checkout line with SCiQ InLane technology. The technology's unique feature is its automated instant game dispensing system located beneath the retail checkout counter with a highly visible, dynamic menu display of the games for sale. SCiQ InLane is the first solution that safely interfaces with the retailer's point-of-sale system to enable the sale of lottery instant games using technology from payments partner Blackhawk Network.

The lottery market is segmented:
1) By Type: The Lotto, Quizzes Type Lottery, Numbers Game, Scratch-off Instant Games, Terminal-Based Games, Other Types
2) By Platform: Offline, Online
3) By Application: Online lottery, Lottery Store

North America was the largest region in the lottery market in 2022.

The table of contents in TBRC’s lottery market report includes:

Executive Summary
Market Characteristics
Market Trends And Strategies
Impact Of COVID-19
Market Size And Growth
Segmentation
Regional And Country Analysis
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Competitive Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
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