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Global Lottery Market Size Expected To Reach 450.46 Billion By 2027 | Lottery Industry Revenue Estimates and Growth Analysis By Recent Trends, Emerging Demand, Business Prospect, Top Vendors Data, Production and Capacity by Region

Published

2 years ago

March 24, 2022

Reading Time: 4 minutes

Global “Lottery Market” is a comprehensive research that provides information regarding Lottery market size, trends, growth, cost structure, capacity, revenue, and forecast for 2027. This report also includes the overall study of the Lottery Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Lottery industry and provides data for making strategies to increase Lottery market growth and effectiveness. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the Lottery market.

About Lottery Market:

A lottery is a form of gambling which involves the drawing of lots for a prize. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. This report analyzed the annual revenue of lottery types such as Draw-Based Games, Instant Games, Sport Games and others.
North America is the largest Lottery market with about 26% market share. The key manufacturers are China Sports Lottery, Hong Kong Jockey Club, China Welfare Lottery, Francaise des Jeux, Loterías y Apuestas del Estado, New York State Lottery, Camelot Group, Singapore Pools, California Lottery, Mizuho Bank Ltd., Florida Lottery, Ontario Lottery, The Government Lottery Office, Nanum Lotto, Caixa Economica Federal, Lottomatica S.P.A (IGT), INTRALOT, BCLC, Loto-Quebec, Connecticut Lottery Corporation, MDJS, Lotterywest, INTRALOT, Lotería Nacional para la Asistencia Pública, Magnum, Minnesota State Lottery, Ithuba Holdings Proprietary Limited (RF), Sugal & Damani etc. Top 3 companies occupied about 28% market share.

Market Analysis and Insights: Global Lottery Market
The global Lottery market size is projected to reach US$ 450460 million by 2027, from US$ 341000 million in 2020, at a CAGR of 4.1% during 2021-2027.

The Major Players in the Lottery Market include:

China Sports Lottery
Hong Kong Jockey Club
China Welfare Lottery
Francaise des Jeux
Loterías y Apuestas del Estado
New York State Lottery
Camelot Group
Singapore Pools
California Lottery
Mizuho Bank Ltd.
Florida Lottery
Ontario Lottery
The Government Lottery Office
Nanum Lotto
Caixa Economica Federal
Lottomatica S.P.A (IGT)
INTRALOT
BCLC
Loto-Quebec
Connecticut Lottery Corporation
MDJS
Lotterywest
INTRALOT
Lotería Nacional para la Asistencia Pública
Magnum
Minnesota State Lottery
Ithuba Holdings Proprietary Limited (RF)
Sugal & Damani

The report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Lottery market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Lottery market.

Based on product type, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:

Draw-Based Games
Instant Games
Sport Games

Draw-based Games accounted for 46% of the total market share, with Sport Games types growing

Based on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including:

Online Lottery
Lottery Store

Lottery stores account for 70% of the market share of the most popular apps

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Lottery market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Lottery market in terms of revenue.

Key Reasons to Purchase Lottery Market Report:

The report analysis by geography highlights the consumption of the product/service within the region also indicating the factors that are affecting the market within each region.
The report provides opportunities and threats faced by the vendors in the global Lottery Industry.
The report indicates the region and segment that’s expected to witness the fastest growth.
The competitive landscape includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.
The report provides extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the main market players.
The report gives the present and future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges, and restraints of both emerging and developed regions.

Some of the key questions answered in this report:

What will the market growth rate, growth momentum, or acceleration market carry during the forecast period?
Which are the key factors driving the Lottery market?
What was the size of the emerging Lottery market by value?
What will be the size of the emerging Lottery market in 2027?
Which region is expected to hold the highest market share in the Lottery market?
What trends, challenges, and barriers will impact the development and sizing of the Global Lottery market?
What are the sales volume, revenue, and price analysis of top manufacturers of the Lottery market?

Global Lottery Market providing information such as company profiles, product picture, and specification, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and instrumentation and downstream demand analysis are additionally dispensed. The Global Lottery market development trends and marketing channels are analyzed. Finally, the feasibility of the latest investment projects is assessed and overall analysis conclusions are offered.

Years considered for this report:

Historical Years: 2016-2020
Base Year: 2020
Estimated Year: 2021
Lottery Market Forecast Period: 2021-2027

With tables and figures helping analyze worldwide Global Lottery market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Some Points from TOC:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Lottery Market Size Growth Rate by Type: 2016 VS 2021 VS 2027
1.2.2 Draw-Based Games
1.2.3 Instant Games
1.2.4 Sport Games
1.3 Market by Application
1.3.1 Global Lottery Market Share by Application: 2016 VS 2021 VS 2027
1.3.2 Online Lottery
1.3.3 Lottery Store
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends
2.1 Global Lottery Market Perspective (2016-2027)
2.2 Lottery Growth Trends by Regions
2.2.1 Lottery Market Size by Regions: 2016 VS 2021 VS 2027
2.2.2 Lottery Historic Market Share by Regions (2016-2021)
2.2.3 Lottery Forecasted Market Size by Regions (2022-2027)
2.3 Lottery Industry Dynamic
2.3.1 Lottery Market Trends
2.3.2 Lottery Market Drivers
2.3.3 Lottery Market Challenges
2.3.4 Lottery Market Restraints

3 Competition Landscape by Key Players
3.1 Global Top Lottery Players by Revenue
3.1.1 Global Top Lottery Players by Revenue (2016-2021)
3.1.2 Global Lottery Revenue Market Share by Players (2016-2021)
3.2 Global Lottery Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Lottery Revenue
3.4 Global Lottery Market Concentration Ratio
3.4.1 Global Lottery Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Lottery Revenue in 2020
3.5 Lottery Key Players Head office and Area Served
3.6 Key Players Lottery Product Solution and Service
3.7 Date of Enter into Lottery Market
3.8 Mergers & Acquisitions, Expansion Plans

4 Lottery Breakdown Data by Type
4.1 Global Lottery Historic Market Size by Type (2016-2021)
4.2 Global Lottery Forecasted Market Size by Type (2022-2027)

5 Lottery Breakdown Data by Application
5.1 Global Lottery Historic Market Size by Application (2016-2021)
5.2 Global Lottery Forecasted Market Size by Application (2022-2027)

6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East & Africa

11 Key Players Profiles
11.1 China Sports Lottery
11.1.1 China Sports Lottery Company Details
11.1.2 China Sports Lottery Business Overview
11.1.3 China Sports Lottery Lottery Introduction
11.1.4 China Sports Lottery Revenue in Lottery Business (2016-2021)
11.1.5 China Sports Lottery Recent Development
11.2 Hong Kong Jockey Club
11.2.1 Hong Kong Jockey Club Company Details
11.2.2 Hong Kong Jockey Club Business Overview
11.2.3 Hong Kong Jockey Club Lottery Introduction
11.2.4 Hong Kong Jockey Club Revenue in Lottery Business (2016-2021)
11.2.5 Hong Kong Jockey Club Recent Development
11.3 China Welfare Lottery
11.3.1 China Welfare Lottery Company Details
11.3.2 China Welfare Lottery Business Overview
11.3.3 China Welfare Lottery Lottery Introduction
11.3.4 China Welfare Lottery Revenue in Lottery Business (2016-2021)
11.3.5 China Welfare Lottery Recent Development
11.4 Francaise des Jeux
11.4.1 Francaise des Jeux Company Details
11.4.2 Francaise des Jeux Business Overview
11.4.3 Francaise des Jeux Lottery Introduction
11.4.4 Francaise des Jeux Revenue in Lottery Business (2016-2021)
11.4.5 Francaise des Jeux Recent Development

Latest News

SIS and Premier Greyhound Racing reveal improved greyhound race time schedule

Published

1 day ago

May 2, 2024

Adrienn Sarkany

sis-and-premier-greyhound-racing-reveal-improved-greyhound-race-time-schedule

Reading Time: 2 minutes

Sports Information Services (SIS), the leading multi-content supplier of 24/7 live betting services, and Premier Greyhound Racing (PGR), the media rights company supplier of greyhound racing to the betting industry and direct to viewers, have collaborated to offer a revised race time schedule starting from 20 May.

Designed to protect the long-term future of UK greyhound racing, the new schedule will see morning fixtures start slightly later – moving from 10.47 to 11.01 and 10.54 to 11.09. Additionally, there will also be a slightly later start time for some evening fixtures aimed at a retail audience, with the first evening fixture now starting at 18.08.

Commenting on the improved schedule, Terry Mahoney, Head of Business Development at ARC, said: “The new race times will help make it easier for customers to navigate busy racing schedules as well as improving operations trackside. We will continue to listen, monitor, and adapt schedules where and when needed as we move forward to deliver the best service possible for betting operators as well as punters.”

Paul Witten, Managing Director at SIS, added: “We are passionate about delivering a greyhound racing service that benefits all of the sport’s stakeholders. Together with Premier Greyhound Raxing, we have introduced a revised racing schedule that benefits operators and their customers.

“Our approach to greyhound racing is grounded in sustainability and flexibility. This collaboration with fellow service providers allows everyone to enjoy all the high-quality action produced on a daily basis from tracks across the UK and Ireland.”

SIS has long-term agreements in place with bet365, William Hill, Paddy Power and Betfred to deliver its greyhound content across UK and Irish retail and digital channels. SIS also promotes this content across dozens of leading international operators, as well as through SISRacing.tv.

PGR offers greyhound action, cards, video replays, results, news and info on greyhounds.attheraces.com, and regular live broadcasts on Sky Sports Racing. Premier Greyhound Racing is a joint venture between Arena Racing (ARC) and Entain, the global sports betting, gaming and interactive entertainment group. Between them, the two companies own nine of the 20 licensed British greyhound tracks and ARC manage the media rights for five independent tracks.

The post SIS and Premier Greyhound Racing reveal improved greyhound race time schedule appeared first on European Gaming Industry News.

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The Importance of Data Quality Review Checks in the Gaming Industry

Published

5 days ago

April 29, 2024

George Miller

the-importance-of-data-quality-review-checks-in-the-gaming-industry

Reading Time: 3 minutes

By Lorenzo Nardini, Head of Technical Compliance and Maths Services

In the dynamic world of online gaming, data plays a pivotal role. Databases containing personal and financial information, often referred to as “Safe” databases, serve as the backbone of any gaming platform.

In this short article, I focus on control databases (CDBs) – that is how Safe databases are referred to in the Dutch landscape – and why it is important to ensure their completeness, accuracy, and consistency through continuous data quality review. In any case, the topics here covered apply to most regulated markets.

Control databases contain critical information related to player accounts, financial transactions, game rules, and security protocols. Essentially, they ensure the smooth functioning of the entire gaming ecosystem. It is no wonder that the Dutch regulator (KSA) enforces specific technical regulations on them and often perform audits on these systems that can result also in fines in cases errors are detected.

Data quality review checks

Data quality review checks play a pivotal role in maintaining the integrity of control databases, ensuring continuous compliance. Here are some key reasons why they are essential:

Accuracy and Consistency: Control databases handle vast amounts of data, including player profiles, game logs, and financial records. Ensuring accurate and consistent data is crucial for fair gameplay, financial transparency, and regulatory compliance.
Player Experience: Imagine a player losing progress due to a database glitch or loss of connectivity. Such incidents can lead to frustration and loss of trust. Data quality checks ensure that the control database is correctly functional, and the information therein contained can be used to handle such incomplete games, enhancing the overall player experience.
Regulatory Compliance: Gaming companies must adhere to strict regulations regarding data privacy, security, and fairness. Regular reviews ensure compliance with industry standards and legal requirements.

Most importantly, regular reviews can help gaming companies reducing the risk of an unsuccessful audit that could typically lead to a fine and negative PR.

Ideally, data quality reviews should be ongoing. Real-time monitoring is crucial for identifying issues promptly. Additionally, scheduled audits—monthly or quarterly—help catch any long-term discrepancies or trends.

Key areas of data quality reviews

When performing checks on the quality of CDBs, the following are the main areas to consider:

Data Completeness: Ensure that all necessary fields are populated correctly. Missing or incomplete data can lead to errors downstream.
Data Accuracy: Cross-check data against reliable sources. For example, player balances should match financial records.
Data Consistency: Verify consistency across different databases and systems. Inconsistencies can cause confusion and operational inefficiencies.

Starting from the specific Dutch case and then expanding to other markets, here at ComplianceOne Group we have developed a data quality review service using our experience in dealing with this form of analysis. Leveraging feedback obtained directly from regulators, we created a testing procedure that performs the following:

Tests on triggering reports from staging environment. We access the client’s staging environment with test accounts and perform actions that are aimed at triggering specific reports in the control database. We then check that these have been correctly generated and that they contain all necessary information, checking their accuracy against the back-office.
Data quality tests on production environment. We download a large number of reports directly from production and run a battery of tests that we have designed and that is tailored specifically at checking completeness and consistency of the information contained in the control database.

All findings are promptly reported to the client and, if needed, we can assist with solving any issues found.

Conclusion

When I started being exposed to control databases, I understood that for many this is a very technical area and that maintaining this environment functioning correctly can be quite cumbersome. Nevertheless, a commitment to data quality is a necessary for ensuring continuous compliance of gaming platforms. If you are interested in running regular data quality reviews, or even just a one-time overall check, contact me and I will be happy to assist!

The post The Importance of Data Quality Review Checks in the Gaming Industry appeared first on European Gaming Industry News.

Latest News

7777 gaming signs a strategic iLottery content deal with Scientific Games

Published

1 week ago

April 24, 2024

Wladimir P.

7777-gaming-signs-a-strategic-ilottery-content-deal-with-scientific-games

Reading Time: 2 minutes

7777 gaming, a leading provider of digital gaming solutions, has announced a significant strategic partnership with Scientific Games a global leader in retail and digital lottery games, technology, analytics and services, to deliver digital lottery games through the SG Content Hub Partner Program.

The SG Content Hub Partner Program is a unique platform and game content partnership program featuring an expanding, highly curated selection of iLottery games from best-in-class, game studios worldwide in a variety of play styles appealing to all player types in multiple languages, as well as access to select licensed properties from the largest licensed brands portfolio in the lottery industry. Scientific Games currently serves 150 lotteries in 50 countries.

Elena Shaterova, Chief Commercial Officer at 7777 gaming, expressed enthusiasm about the partnership: “Partnering with Scientific Games represents a significant milestone for 7777 gaming, solidifying our position as a global leader in digital lottery solutions. Through this collaboration, we are poised to deliver unparalleled gaming experiences to players worldwide, driving innovation and growth in the lottery industry.”

Steve Hickson, VP of Digital Games at Scientific Games commented: “We are delighted to welcome yet another top-class lottery game studio to the SG Content Hub Partner Program. The addition of 7777 gaming and their fantastic games aligns perfectly with our goal to make a variety of digital lottery content available to existing and new Scientific Games customers. Our SG Content Hub Partner Program is developing at pace as we continue to provide our customers with frictionless access to the very best content in the industry.”

The SG Content Hub Partner Program offers a one-stop solution for accessing multiple iLottery game studios, seamlessly integrating with a lottery’s existing gaming systems and iLottery technology. It streamlines operations, simplifies tech integrations, and enhances data analytics to drive game development and iLottery portfolio management.

7777 gaming is renowned for its ability to deliver high-quality iLottery games tailored to the unique requirements of different lotteries. The company ensures that its game content meets stringent government regulations and operators’ expectations for customization. With custom-made lottery concepts, 7777 gaming guarantees enhanced player satisfaction and fosters a deeper sense of connection and loyalty to the brand.

The post 7777 gaming signs a strategic iLottery content deal with Scientific Games appeared first on European Gaming Industry News.