Global Lottery Market Booming at CAGR of 9.97% Between 2017-2021

Latest industry research report on: Global Lottery Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts


Albany, NY -- (SBWIRE) -- 03/24/2017 -- The government of Mexico allows lotteries to promote fundraising for charitable organizations. As lotteries are governed by local, state, and national laws, the regulations vary between regions. The government regulations that support lotteries are one of the key drivers of the market growth. Some countries consider lottery illegal and have stringent government regulations related to lotteries. Mexico is one of the premium promoters of lotteries because it is one of the major sources of revenue for the country.

Technavios analysts forecast the lottery market in Mexico to grow at a CAGR of 9.97% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the lottery market in Mexico for 2017-2021. To calculate the market size, the report considers the revenue generated from lottery sales in Mexico.

Technavio's report, Lottery Market in Mexico 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Mexico National Lottery
Predictions for Public Assistance

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Market driver
Increased taxes from painless revenue.
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Market challenge
Addictive behavior among low-income groups.
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Market trend
Increasing promotion of lottery through social media.
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Key questions answered in this report
What will the market size be in 2021 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?