The US Lottery Market Trends, Size, Demands, Growth and Forecast 2016-2020

Albany, NY, Jan 05: 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.

The lottery market in the US to grow at a CAGR of 5.41% during the period 2016-2020, in terms of revenue. 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

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Technavio's 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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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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