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Lottery Market In The US to grow at a CAGR of 5.41% during 2016-2020

Press Release   •   Jan 18, 2017 06:47 EST

About Lottery in the US

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.

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

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.

Download Sample copy of Report at http://www.marketresearchreports.biz/sample/sample/785440

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

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?