Lottery Market 2015 to grow at a CAGR of 8.85% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/28/2015 -- Lottery, also called as a game of chance, is a type of gambling that involves drawing of lots. The lots are generally in the form of tickets, and the prizes are mostly cash or highly priced goods. Global lottery market to grow at a CAGR of 8.85% over the period 2014-2019. Lottery is banned by governments in many countries, whereas in other countries, governments favor lottery to promote fundraising for charitable organizations. As lotteries are governed by local, state, and national laws in different countries, the regulations differ among countries as well as states.
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Commenting on the report, an our analyst said: "The global lottery market is witnessing the emergence of mobile lottery, which is played on mobile devices. Individuals can easily buy lottery tickets and play using their smartphones. The growing popularity of these emerging platforms is expected to drive the global lottery market during the forecast period."
According to the report, economic recovery worldwide, especially in countries such as the US, the UK, Germany, South Korea, China, and Singapore, is driving the growth of the market. With economic growth, the income level of consumers increases, which in turn increases consumer spending on leisure activities.
Covered in this Report
The report covers the present scenario and the growth prospects of the global lottery market for the period 2015-2019. To calculate the market size, it considers the revenue generated from the sales of tickets and games. Lottery is banned in all countries in the Middle East, except Israel. Therefore, to calculate the revenue of EMEA, this report considers revenue from Israel and countries in Europe and Africa.
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The report, Global Lottery Market 2015-2019, 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 in the coming years. It includes a discussion of the key vendors operating in this market.
Our analyst researched the following companies as the key players in the global lottery market: Camelot Group, China Welfare Lottery, Française des Jeux SA, GTECH SpA, Hong Kong Jockey Club, INTRALOT SA, Scientific Games Corp.
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Other Prominent Vendors in the market are: Amaya Gaming, American Games, Carmanah Signs, China LotSynergy, Gidani, Jumbo Interactive, LottoYard, Lotto NZ, Magnum, MDJS, NeoGames, NOVOMATIC, Singapore Pools and Sports Toto Malaysia
Further, the report states that concerns for societal welfare have made governments impose stringent regulations on the lottery market. Lotteries can be operated only with licenses from the government, and obtaining and renewing these licenses is a daunting task.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.