Albany, NY -- (SBWIRE) -- 08/19/2016 -- 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.

Technavios 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.

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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

New report, Lottery Market in the US 2016-2020, 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
California State Lottery
Illinois State Lottery
Missouri Lottery
Hoosier Lottery
New York State Lottery
North Carolina Education Lottery
Texas Lottery Commission

Other prominent vendors
Arizona Lottery
Colorado Lottery
Connecticut Lottery
Delaware Lottery
Florida Lottery
Georgia Lottery
Idaho Lottery
Iowa Lottery Authority
Kansas Lottery
Kentucky Lottery
Maryland Lottery
Massachusetts Lottery
Michigan Lottery
Ohio Lottery
Oregon Lottery
Pennsylvania Lottery
Rhode Island Lottery

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Market driver
Social development in US
For a full, detailed list, view our report

Market challenge
Compliance with anti-lottery laws
For a full, detailed list, view our report

Market trend
Use of lottery profits for charity
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?

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