Lewes, DE -- (SBWire) -- 05/15/2015 --Report forecast the global lottery market to grow at a CAGR of 8.85% over the period 2014-2019.
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. 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.
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.
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.
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.
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.
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.
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
Key Regions
- Americas
- APAC
- EMEA
Market Driver
- Easing of Government Regulations
- For a full, detailed list, view our report
Market Challenge
- Adherence to Regulations and Policies
- For a full, detailed list, view our report
Market Trend
- Emerging Platforms
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2018 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?
Spanning over 83 pages and 33 Exhibits "Global Lottery Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Key Insights, Market Segmentation by Geography, Market Attractiveness, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Developments, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-lottery-market-2015-2019
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