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Lottery Market in the US 2016-2020

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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.

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Lottery Market in the US 2016-2020

  1. 1. Lottery Market in the US 2016-2020 Brought to you by:
  2. 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. 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. 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. 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 Other Titles from this Publisher Global Fiber Optic Connectors Market 2016-2020 Global Industrial Turbocharger Market 2016-2020 Global Industrial Control Systems Security Market 2016-2020
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