Press Releases
Lottery Industry Analysis and Opportunities to 2033: Scratch-Off Instant Games Expected to Register the Fastest Growth
The “Lottery Global Market Opportunities and Strategies to 2033” report has been added to ResearchAndMarkets.com’s offering.
This report describes and explains the lottery market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global lottery market reached a value of nearly $355.7 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.6% since 2018. The market is expected to grow from $355.7 billion in 2023 to $453.7 billion in 2028 at a rate of 5%. The market is then expected to grow at a CAGR of 3% from 2028 and reach $525.1 billion in 2033.
Growth in the historic period resulted from the increase in advertising strategies and promotions of lottery products, expansion of multi-jurisdictional lottery games and strong economic growth in emerging markets. Factors that negatively affected growth in the historic period were increase in fraud in gambling and lotteries and regulation on age limit for selling lotteries.
Going forward, changes in legislation and regulation regarding lottery operations, growing popularity of online lottery and global population growth and urbanization will drive the growth. Factor that could hinder the growth of the lottery market in the future include intense competition from casinos and other forms of entertainment and economic recession or instability.
The lottery market is segmented by type into lotto, quizzes type lottery, numbers game, scratch-off instant games, terminal-based games and other types. The lotto market was the largest segment of the lottery market segmented by type, accounting for 31.3% or $111.5 billion of the total in 2023. Going forward, the scratch-off instant games segment is expected to be the fastest growing segment in the lottery market segmented by type, at a CAGR of 6.2% during 2023-2028.
The lottery market is segmented by platform into online and offline. The offline market was the largest segment of the lottery market segmented by platform, accounting for 96.8% or $344.1 billion of the total in 2023. Going forward, the online segment is expected to be the fastest growing segment in the lottery market segmented by platform, at a CAGR of 8.9% during 2023-2028.
The lottery market is segmented by category into charitable lotteries and prize home lotteries. The charitable lotteries market was the largest segment of the lottery market segmented by category, accounting for 70.3% or $250.2 billion of the total in 2023. Going forward, the prize home lotteries segment is expected to be the fastest growing segment in the lottery market segmented by category, at a CAGR of 6% during 2023-2028.
North America was the largest region in the lottery market, accounting for 36.8% or $131 billion of the total in 2023. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the lottery market will be Middle East and South America where growth will be at CAGRs of 10.8% and 7.8% respectively. These will be followed by Asia Pacific and Africa where the markets are expected to grow at CAGRs of 6.8% and 6.7% respectively.
The global lottery market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 16.09% of the total market in 2022. The market concentration can be attributed to the presence of large number of players in different geographies. Prominent players are acquiring the products and entering into partnerships with the other companies to consolidate their market positions across the globe, while others are distributing products. The New York State Lottery was the largest competitor with a 3.28% share of the market, followed by New York State Gaming Commission with 3.27%, Camelot Group with 2.78%, Georgia Lottery Corp. with 1.91%, Loterias y Apostasy Del Estado with 1.64%, Singapore Pools with 1.18%, Francaise des Jeux with 0.65%, Arizona Lottery with 0.47%, Ontario Lottery and Gaming Corporation with 0.46% and Lotto NZ with 0.44%.
The top opportunities in the lottery market segmented by type will arise in the lotto segment, which will gain $30.7 billion of global annual sales by 2028. The top opportunities in the lottery market segmented by platform will arise in the offline segment, which will gain $92.5 billion of global annual sales by 2028. The top opportunities in the lottery market segmented by category will arise in the charitable lotteries segment, which will gain $62.1 billion of global annual sales by 2028. The lottery market size will gain the most in China at $13.6 billion.
Market-trend-based strategies for the lottery market include innovative product developments with focus on scratch-off games, strategic collaborations and partnership to expand reach and capabilities, introduction of mobile lottery apps to improve user convenience, use of data analytics for enhanced lottery insights and roll out of new lottery games to redefine entertainment.
Player-adopted strategies in the lottery market include strengthening operational capabilities through new product developments and expanding product portfolio through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the lottery companies to focus on innovating lottery offerings, focus on mobile apps for enhanced lottery services, focus on innovative lottery games for enhanced player engagement, focus on data-driven insights to navigate lottery market dynamics, focus on fastest growing market segments: scratch-off instant games and quizzes type lottery, focus on online market segment for growth, expand in emerging markets, continue to focus on developed markets, focus on strategic collaborations, focus on competitive pricing strategies for market expansion, focus on strategic promotion mix for optimal lottery market visibility, target smartphone users and focus on customer-centric engagement for enhanced lottery market reach.
Scope
Markets Covered:
- by Type: Lotto; Quizzes Type Lottery; Numbers Game; Scratch-Off Instant Games; Terminal-Based Games; Other Types
- by Platform: Offline; Online
- by Category: Charitable Lotteries; Prize Home Lotteries
Key Companies Mentioned: The New York State Lottery; New York State Gaming Commission; Camelot Group; Georgia Lottery Corp; Loterias y Apostasy Del Estado
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; lottery indicators comparison
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments
Key Attributes
Report Attribute | Details |
No. of Pages | 301 |
Forecast Period | 2023 – 2033 |
Estimated Market Value (USD) in 2023 | $355.7 Billion |
Forecasted Market Value (USD) by 2033 | $525.1 Billion |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |
A selection of companies mentioned in this report includes, but is not limited to:
- The New York State Lottery
- New York State Gaming Commission
- Camelot Group
- Georgia Lottery Corp
- Loterias y Apostasy Del Estado
- Singapore Pools
- Francaise des Jeux
- Arizona Lottery
- Ontario Lottery and Gaming Corporation
- Lotto NZ
- 1x-bet.in
- Dhankesari Lottery Sambad
- Lottery Sambad Result
- Takarakuji-official.jp
- Ichiban Kuji Club
- The Lott
- Lotterywest
- Oz Lotteries
- 500.com
- Baidu Inc
- China Sports Lottery Operation and Management Co. Ltd.
- 360 Lottery
- QQ lottery
- National Lottery
- Jackpot.com
- Betfred Lotto
- Intralot SA
- Zeal Network SE
- Francaise des Jeux (FDJ)
- EU Lotto Limited
- Legacy Eight Curacao N.V
- Wejdz do swiata LOTTO
- Megalotto
- SYNOT W, a. s.
- Betfred Lotto
- DraftKings Inc.
- BetAmerica
- LeoVegas AB
- Jackpocket
- Mido Lotto
- Prize Pool
- Scientific Games Corp
- Long Game
- Linq3
- EMIDA Technologies
- Atlantic Lottery Corporation
- Hipodromo Argentino de Palermo
- GammaStack
- Mega Sena
- Quina
- Lotofacil
- Dupla Sena
- Mifal HaPayis
- Milli Piyango Idaresi
- O! Millionaire
- NeoGames S.A.
- Emirates Draw
- Mahzooz
- BuyLottoOnline
- Camelot Lottery Solutions Group
- Ithuba National Lottery
- wow!lotto
- Lottomania Nigeria
The post Lottery Industry Analysis and Opportunities to 2033: Scratch-Off Instant Games Expected to Register the Fastest Growth appeared first on European Gaming Industry News.
poker
GGPoker Launches Second Year Of microFestival Online Poker Series with $10 Million Guaranteed Prize Pool
GGPoker is thrilled to announce the return of its microFestival, the world’s largest micro stakes poker festival, running from June 23 through July 7, 2024. With an impressive $10 million in guaranteed tournament prizes, this year’s series promises to be even more exhilarating for poker enthusiasts of all levels.
GGPoker’s microFestival stands out as the premier online poker event for players with modest bankrolls, featuring No-Limit Holdem, Progressive Knockout (PKO) and Pot Limit Omaha tournaments with buy-ins from just $1. The highlight of the series is the $10.80 Mystery Bounty Main Event, which boasts a staggering $1 million guarantee and a top mystery bounty of $100,000.
Adding to the excitement, GGPoker has introduced a unique freeroll promotion to ensure every participant feels like a winner. Players who fail to cash in any microFestival event will receive a free ticket to one of three $5K freeroll tournaments held the following day. This “Second Chance” offer gives all players another opportunity to win cash prizes, reinforcing GGPoker’s commitment to providing exceptional value and entertainment. In total, 50 freerolls will be held, awarding $250,000 in prizes.
Sarne Lightman, Managing Director of GGPoker, expressed his enthusiasm for the upcoming series: “We are incredibly excited to bring back microFestival for a second year, with bigger and better tournaments and prizes. GGPoker’s goal has always been to make poker accessible and enjoyable for everyone, and with events starting at just $1, microFestival offers incredible value and excitement. Adding Second Chance freeroll tournaments is our way of thanking our players and ensuring everyone has multiple opportunities to win big.”
GGPoker’s microFestival 2024 is set to attract a diverse and dynamic field of players, from newcomers looking to dip their toes into online poker to seasoned veterans seeking to showcase their skills in a low-stakes environment. With a packed schedule of events and millions of dollars on the line, the series promises unforgettable moments and life-changing wins.
The post GGPoker Launches Second Year Of microFestival Online Poker Series with $10 Million Guaranteed Prize Pool appeared first on European Gaming Industry News.
Press Releases
Inspired Launches Bespoke Gold Cash Freespins Game with Paddy Power
![inspired-launches-bespoke-gold-cash-freespins-game-with-paddy-power](https://gamingnewsroom.com/wp-content/uploads/2024/06/129145-inspired-launches-bespoke-gold-cash-freespins-game-with-paddy-power.png)
Inspired Entertainment, Inc., a leading B2B provider of gaming content, systems, and solutions, and Paddy Power, the retail division of Flutter Entertainment plc, proudly announce the launch of Paddy Power Gold Cash Freespins, a custom game that combines the distinctive branding of Paddy Power with Inspired’s renowned Gold Cash Freespins theme.
Set against the iconic green backdrop of Paddy Power’s signature colour scheme, Paddy Power Gold Cash Freespins is a 5-reel, 4-row, 40-winline slot game packed with branded Wilds and symbols, as well as other player-favorite features.
Players can trigger the game’s Free Spins bonus by landing three Paddy Power bonus symbols on a single spin, rewarding players with eight Free Spins. During this feature, only the three highest symbols and stacked Wilds appear on the reels, amplifying the potential for big wins. For players who feel adventurous, a gamble feature is available to boost winnings or earn additional Free Spins. This feature presents two gamble wheels for players to choose from, each offering a different path to success.
Now available in both a retail and online format, Paddy Power Gold Cash Freespins showcases Inspired’s commitment to creating high-quality custom experiences tailored to specific operator brands like Paddy Power. The result is a seamless blend of engaging gameplay and operator-specific branded features that delivers an exceptional brand-extension gaming experience for their players.
“We are delighted to relaunch our popular title Gold Cash Free Spins in partnership with our long-term customers at Paddy Power,” said Richard Terry, UK Market Product Director for Inspired. “The seamless integration of Paddy Power branding into Gold Cash Free Spins provides an exciting, omnichannel gaming experience for Paddy Power players.”
“We’re thrilled to be working with Inspired Entertainment once again to create an exclusive gaming experience for our customers,” said Vince Bateson, Head of Gaming at Paddy Power. “Paddy Power Gold Cash Freespins builds on the theme of the original game, which our players loved, and is a fantastic addition to our portfolio.”
The post Inspired Launches Bespoke Gold Cash Freespins Game with Paddy Power appeared first on European Gaming Industry News.
Press Releases
FinteqHub to Present Updates at iGB L!VE 2024
![finteqhub-to-present-updates-at-igb-l!ve-2024](https://gamingnewsroom.com/wp-content/uploads/2024/06/129147-finteqhub-to-present-updates-at-igb-lve-2024.png)
FinteqHub, a PCI DSS-certified payment gateway solution provider, is set to participate in iGB L!VE 2024, one of the most expected live industry events of the year.
The exhibition will take place on 17–18 July in RAI Amsterdam. iGB L!VE provides a comprehensive platform for live communication in the highly competitive iGaming sector, contributing to its overall development. In 2024, over 300 exhibitors and sponsors, as well as almost 10,000 gaming and affiliate stakeholders are expected to attend.
This year, the FinteqHub award-winning team, recognised as an Industry Rising Star 2024 at the SiGMA Awards Eurasia, will attend the event for the second time. The company’s experts, with an average of 10 years of tech and consulting experience, will present the product’s recent updates.
FinteqHub recently enhanced its platform by integrating with notable payment solution providers, including Finshark, Ivy, CallPay, and others. These integrations have expanded its presence in countries such as Germany, Finland, the Netherlands, Norway, Sweden, South Africa, and worldwide in general. The company also expanded its analytics functionality by offering more detailed reports.
Besides PSPs integrations, the company provides banking assistance, helping companies open accounts in reliable banks. Primarily serving the iGaming and betting domains, FinteqHub also advises on the selection of strong banks and EMI providers for clients’ needs.
Vadim Drozd, CEO at FinteqHub, expresses his expectation of the event: “This event gives us an opportunity to show our innovative solutions and communicate with key stakeholders in the industry. Live discussions of the latest industry trends and possibilities of collaboration help elevate the fintech and iGaming sectors. We warmly invite our partners to attend the exhibition and visit our stand.”
FinteqHub will participate in the exhibition alongside its lifetime partner SOFTSWISS. Using this link, current and potential clients can schedule a meeting with FinteqHub experts at stand 12-F30.
About FinteqHub
FinteqHub is a fresh player in the payment solutions market with the core product – PCI DSS-certified payment gateway for online businesses. It started its journey in 2019 and assembled a team of 150+ top-notch professionals with solid legal, financial, and technical expertise. The company is headquartered in Lithuania, with offices in Malta, Poland, and Georgia. FinteqHub makes the management of payment processing transparent, stable, and flexible.
The post FinteqHub to Present Updates at iGB L!VE 2024 appeared first on European Gaming Industry News.
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