Connect with us

Technology

Lottery Market to grow by USD 235.6 Billion from 2025-2029, Driven by rising online lottery penetration, with a report on AI’s impact on market trends – Technavio

Published

on

NEW YORK, Feb. 7, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global lottery market size is estimated to grow by USD 235.6 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 7.8% during the forecast period. Increasing penetration of online lottery is driving market growth, with a trend towards adoption of advanced technologies by lottery operators. However, stringent regulations on lottery in various regions poses a challenge. Key market players include Agento N.V, Arizona Lottery, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Colorado Lottery, Florida Lottery, Gaming China, Georgia Lottery Corp., International Game Technology plc, INTRALOT SA, Jumbo Interactive Ltd., Lotto NZ, Maruhan Co. Ltd., New York State Gaming Commission, Scientific Games LLC, STM LOTTERY SDN BHD, Tabcorp Holdings Ltd., The California State Lottery, and The Hong Kong Jockey Club.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Lottery Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.8%

Market growth 2025-2029

USD 235.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.1

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key countries

US, China, Canada, Italy, France, Japan, Spain, India, Brazil, and UAE

Key companies profiled

Agento N.V, Arizona Lottery, Camelot UK Lotteries Ltd., China LotSynergy Holdings Ltd., Colorado Lottery, Florida Lottery, Gaming China, Georgia Lottery Corp., International Game Technology plc, INTRALOT SA, Jumbo Interactive Ltd., Lotto NZ, Maruhan Co. Ltd., New York State Gaming Commission, Scientific Games LLC, STM LOTTERY SDN BHD, Tabcorp Holdings Ltd., The California State Lottery, and The Hong Kong Jockey Club

Market Driver

The global lottery market is predominantly regulated by governments and expanding the business can be challenging. To engage customers, vendors focus on incorporating technology to enhance the lottery experience. Online platforms offer new opportunities, with consumers shifting towards digital channels. Vendors aim to provide social experiences and interaction through group games, faster game speed, and improved graphics. Emerging technologies like Virtual Reality (VR) and Artificial Intelligence (AI) offer more realistic experiences and consumer insights. An omnichannel approach allows players to seamlessly shift channels, enhancing convenience. Big data and IoT devices provide valuable customer insights, enabling operators to predict trends, target customers, and personalize content. The adoption of digital currency and IoT devices in China’s lottery market presents new growth opportunities. For instance, China’s digital currency lottery and red packet distribution in Beijing demonstrate the potential of technology in the lottery industry. By leveraging technology in sales channels and other aspects, vendors can expand their customer base and maintain a competitive edge.

The lottery market is experiencing significant growth in the digital world, with more customers opting for online platforms for convenience and accessibility. Lottery operators are focusing on banking security and reliable betting processes to ensure customer trust. Cybercrime is a concern, leading to the implementation of online encryption and strict legal frameworks. Internet penetration and the number of internet users continue to rise, driving demand for online lottery games like Lotto and virtual games. Winning prizes through online gambling is becoming increasingly popular, with large rewards attracting a large number of footfalls. Social media and smartphones are key channels for marketing and reaching customers. Digital tools like touch displays, actuators, and blockchain technology are being used to enhance the gaming experience and ensure data security. Online vendors must prioritize reliability and security to build customer trust and stay competitive in this rapidly evolving market.

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The lottery market is a regulated industry, closely tied to social responsibility. Governments, in many cases, operate or license lotteries to generate revenue. In Austria, Casinos Austria holds a monopoly until 2027. Most EU countries reserve lotteries for monopoly operators. China and Taiwan have sports lottery monopolies. Hong Kong Jockey Club has a monopoly in Japan. US states manage official lotteries for public benefit. Private companies, when granted licenses, face strict guidelines on advertising, prize awarding, and lottery frequency. Contracts are long-term, ranging from 5-10 years. Due to high risk and socio-economic impact, governments regulate lotteries, limiting market entry and growth.In the Lottery market, moving online presents several challenges. Ensuring online encryption for secure transactions is crucial in the digital world. Reliability and security are key concerns for online vendors offering virtual games of chance like lotteries. Social media platforms have made lotteries more accessible, increasing participation. Winning prizes in online lotteries involves a low-odds process, chosen at random. Trust and transparency are essential in this gaming sector. Online gambling and lotteries require databases and data structures to manage transactions efficiently. Blockchain technology offers a solution, eliminating middlemen and enhancing security. Actuators and touch displays on smartphones bring a more interactive experience. However, the large reward potential attracts potential fraudsters, making security a top priority. The lottery market continues to evolve, requiring digital tools and innovation to meet customer demands in the internet age.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This lottery market report extensively covers market segmentation by

PlatformOfflineOnlineTypeTerminal-based GamesScratch-off GamesSports LotteriesGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

1.1 Offline- The offline lottery segment dominated the global lottery market in 2023, accounting for the largest share, due to its extensive reach and high consumer awareness. Most offline lotteries are government-run, providing safety from online fraud and scams, and catering to diverse demographics, including older adults and those with limited internet access. Offline platforms include casinos and designated outlets, which are expanding their reach through new sales strategies and retail partnerships. Governments also promote lotteries as a source of funding for good causes. However, the offline segment’s geographic limitations and the growing popularity of online lotteries for their convenience and flexibility will result in significant market share reduction during the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Lottery market is a thriving industry that offers customers the excitement of winning big prizes through a game of chance. With the shift towards digital platforms, lotteries have transformed from traditional draw-based games sold through physical outlets to online gambling experiences. Banking security and technology play a crucial role in ensuring the reliability and integrity of the betting processes. Online encryption and user authentication are essential to protect customers from cybercrime. The graphical user interface of digital lottery platforms is designed to be user-friendly, making it easy for customers to purchase lottery tickets and check their winnings. The number of footfalls in lottery outlets and online platforms continues to grow as more people are drawn to the thrill of the draw. Winning prizes in lotteries, whether it’s Lotto or other low-odds processes, can bring life-changing fortune to individuals. However, the responsibility of ensuring fairness and transparency lies with the lottery organizers, making it essential to maintain the highest standards of security and trust.

Market Research Overview

The lottery market in the digital world is witnessing significant growth as more customers turn to online platforms for convenience and accessibility. With the increasing internet penetration and number of internet users, lottery operators are leveraging digital tools and touch displays to offer virtual games like Lotto and number games. The betting processes are secure with online encryption and reliable transaction systems, ensuring customers’ banking security. However, cybercrime remains a concern, necessitating stringent legal frameworks and compliance. Lottery tickets are sold by online vendors, and winning prizes are announced through digital drawing processes, chosen at random. The gaming sector is embracing blockchain technology for transparency and eliminating middlemen, offering a low-odds process for large rewards. Social media and smartphones are popular channels for promoting and playing online games. The future of lotteries lies in the digital realm, with the integration of actuators, database, and data structures for seamless transactions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformOfflineOnlineTypeTerminal-based GamesScratch-off GamesSports LotteriesGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/lottery-market-to-grow-by-usd-235-6-billion-from-2025-2029–driven-by-rising-online-lottery-penetration-with-a-report-on-ais-impact-on-market-trends—technavio-302371237.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

CasinoPartiesLLC.com Expands Premier Casino Party Rentals in Manhattan, NY — Authentic Tables, Professional Dealers, Custom Packages for Corporate & Private Events

Published

on

By

Top-rated Manhattan casino party rental company offers fully staffed blackjack, roulette and craps experiences to elevate corporate events, weddings and private parties across New York City

MANHATTAN, N.Y., May 2, 2026 /PRNewswire-PRWeb/ — CasinoPartiesLLC.com, a leading provider of casino party rentals in Manhattan, NY, today announced expanded availability and new customizable event packages for corporate events, private parties, fundraisers and weddings throughout New York City. With authentic casino tables, professional and entertaining dealers, premium play-money chips and signage, CasinoPartiesLLC.com delivers a turnkey casino entertainment experience that brings the excitement of Las Vegas to Manhattan venues.

“CasinoPartiesLLC.com delivers authentic casino table rentals and professional dealers throughout Manhattan, NY — offering turnkey, customizable packages that transform corporate events, weddings and fundraisers into high‑energy, engaging experiences across Midtown, Chelsea and the Upper East Side.”

Focused on delivering safe, legal and memorable experiences, CasinoPartiesLLC.com offers:

Casino table rentals: blackjack, roulette, craps, poker tables sized for intimate and large gatheringsProfessional dealers and croupiers trained in guest interaction and game managementFully customizable packages: themed décor, tournament-style play, prize support, and multi-table setupsPortable, all-inclusive service: setup, teardown, on-site management, and event coordinationService across Manhattan neighborhoods and greater NYC, including Midtown, Upper East Side, Chelsea, and downtown venues

“Our Manhattan clients want authentic casino entertainment without the hassle of sourcing equipment or personnel,” said Ismael Qureshi, CEO of CasinoPartiesLLC.com. “We specialize in seamless casino party rentals in Manhattan, NY, providing professional dealers and tailored packages that fit corporate budgets and private event needs while complying with local regulations.”

Benefits for Manhattan event planners and hosts:

Boost guest engagement with interactive casino entertainmentEasy logistics with single-vendor solutions for gaming, staffing and prize handlingScalable options for small private parties to large corporate galasProven experience executing events in Manhattan hotels, event spaces and private residences

Booking and availability:

CasinoPartiesLLC.com is currently accepting bookings for summer and fall events across Manhattan and greater New York City. Early reservations are recommended to secure preferred dates, table counts and themed packages.

About CasinoPartiesLLC.com:

CasinoPartiesLLC.com is a premier provider of casino party rentals in Manhattan, NY and the New York City area. Specializing in staffed casino tables, custom event packages and professional service, CasinoPartiesLLC.com helps event planners and hosts create high-energy, memorable experiences for corporate functions, weddings, fundraisers and private celebrations. For more information or to request a quote, visit https://www.CasinoPartiesLLC.com.

Media contact:

Ismael Qureshi

President

CasinoPartiesLLC.com

Phone: (917) 829-8481

Email: Sales@casinopartiesLLC.com

Website: https://www.CasinoPartiesLLC.com

Media Contact

Ismael Qureshi, ISH Events LLC, 1 (917) 829-8481, Ismael@CasinoPartiesLLC.com, CasinoPartiesLLC.com

View original content to download multimedia:https://www.prweb.com/releases/casinopartiesllccom-expands-premier-casino-party-rentals-in-manhattan-ny–authentic-tables-professional-dealers-custom-packages-for-corporate–private-events-302760531.html

SOURCE CasinoPartiesLLC.com

Continue Reading

Technology

PS Hogan highlights investments from Spring Economic Update 2026: Canada Strong for All to support Canada’s sport system

Published

on

By

CALGARY, AB, May 2, 2026 /CNW/ – In Budget 2025, we outlined our plan to build Canada Strong. Since then, we have moved fast to build the major infrastructure, homes and industries that grow Canada’s economy and create lasting prosperity; empower Canadians with better careers and a more affordable life; and protect our communities, our borders and our way of life.

We delivered concrete savings for Canadians while supporting key national priorities and keeping investments focused on results. We are maintaining a strong fiscal position, with the Spring Economic Update 2026 showing that projected deficits are lower over the fiscal horizon and that we are on track to meet our fiscal anchors.

The Spring Economic Update 2026 is the next step in our plan to build Canada Strong for All. It provides a clear update on the strength of Canada’s economy, giving Canadians confidence in our plan. It delivers targeted relief to make life more affordable, support workers and accelerate the construction of homes and major infrastructure. It also strengthens Canada’s competitiveness and economic growth while investing in strong, safe communities across the country.

Today, Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation, met with athletes at Foothills Athletic Park to highlight key investments in sport from the Spring Economic Update to build stronger and safer communities.

The Government of Canada is investing $755 million to support and expand Canada’s sport system, which will help athletes safely train and perform at the highest levels. This will increase sport participation across the country by strengthening national sport organizations, infrastructure and local sport communities.

Canada’s new government is transforming our economy from reliance to resilience. The Spring Economic Update 2026 ensures all Canadians can participate in building Canada strong and share in its success. Other key measures include:

The Canada Strong Fund — Canada’s first national sovereign wealth fund. This will invest in key, strategic Canadian projects and companies. While Canadians will benefit from these nation building projects through jobs, economic growth and greater security, the government is determined to ensure that Canadians also have a stake in the projects themselves. That’s why a unique and important feature of the Canada Strong Fund will be its new retail investment product. This allows Canadians to receive financial returns as we build Canada strong together.Team Canada Strong — a new nationwide effort to recruit, train and hire 80,000 to 100,000 new skilled trade workers by 2030–31. This initiative creates new opportunities for Canadians and attracts the workers needed to build more homes and major projects at speed and at scale.Building Stronger Communities — by making communities safer, more connected and more resilient. We are building more homes, getting tougher on crime and fraud and funding essential infrastructure, including small craft harbours that sustain coastal communities and local jobs. We are also investing to build healthier, safer and stronger Indigenous communities.

Our new government is building a Canada that is not just strong, but good; not just prosperous, but fair. A Canada that is not just for some, most of the time, but for all, at all times. We’re building Canada strong, for all.

Quote

“The Spring Economic Update 2026 builds on the momentum of our budget, combining strategic investments with sustained fiscal discipline to keep building Canada Strong for All — delivering prosperity today and strengthening our economy for tomorrow. At this pivotal moment in Canada’s history, we’re charting a course through the fog of uncertainty and global headwinds with strength, determination and ambition — and building one strong Canadian economy, by Canadians, for Canadians.”
— The Honourable François-Philippe Champagne, Minister of Finance and National Revenue 

“The Government of Canada is building Canada Strong by investing in what brings us together — our people, our communities and our athletes. By strengthening the foundation of Calgary and  Canada’s sport system, we are building a resilient economy and strong communities for all.”
— Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation

Quick Facts

The Spring Economic Update 2026 proposes to provide $755 million over five years, starting in 2026–27, and $118 million ongoing to Canadian Heritage to support Canada’s sport system to: Host and compete with the best: $50 million over five years to bring more world-class sporting events to Canada. Funding will be tied to legacy-building projects that deliver lasting benefits well beyond the events themselves. Facilities built or upgraded for major events will continue to serve communities, support grassroots participation and strengthen local sport systems for years to come. Support our athletes in performing at the highest levels: $45 million over five years and $8 million ongoing to help our athletes train, compete and perform, including support for better mental health and funding that will be linked to robust safe sport measures and frameworks. These actions will strengthen the sport system and respond to some of the findings of the Final Report of the Future of Sport in Canada Commission while the government continues to consider all of its Calls to Action. Get more Canadians involved in sport: $660 million over five years and $110 million ongoing for National Sport Organisations, increasing funding that has remained largely unchanged since 2005, so that they can invest in a strong and safe sport system and grow participation among children and youth nationwide.

Related products

Spring Economic Update 2026: Canada Strong for AllSpring Economic Update 2026: Key MeasuresSpring Economic Update 2026: Address by the Minister of Finance and National Revenue  

Follow Natural Resources Canada on LinkedIn

SOURCE Natural Resources Canada

Continue Reading

Technology

POVADDO AND PROLEGIS ANNOUNCE STRATEGIC PARTNERSHIP TO EXPAND ACCESS TO PUBLIC POLICY PROFESSIONALS FOR OPINION RESEARCH

Published

on

By

Partnership connects policy professionals using Prolegis’ modernized Congressional platform with Povaddo’s exclusive paid research panel, combining forces to serve the policymaking community

ST. LOUIS and WASHINGTON, May 2, 2026 /PRNewswire/ — Povaddo, a leading provider of public opinion and policy elite research, has announced a strategic partnership with Prolegis, a nonpartisan technology platform serving thousands of policy professionals in Congress and the advocacy community. The partnership will expand the reach of the Povaddo Panel—an exclusive network of nearly 5,000 public policy professionals worldwide—while providing Prolegis users new opportunities to contribute their expertise to policy research.

Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, the platform serves as a natural intersection where policy professionals and issue advocacy campaigns meet, making it an ideal environment for connecting researchers with the experts shaping public policy.

Beginning this month, users of the Prolegis platform will be invited to join the Povaddo Panel and become eligible to participate in research studies tailored specifically for public policy professionals.

“There is no shortage of so-called ‘expert network’ firms, but Povaddo is setting the standard when it comes to building the most rigorous and credible network of public policy professionals in the U.S. and beyond,” said William Stewart, President of Povaddo. “What makes Prolegis the right partner is the quality and relevance of their community—these are precisely the professionals our clients most want to hear from. Prolegis users are actively engaged in policy work daily, making them ideal participants for our research studies. This partnership will meaningfully accelerate our efforts.”

“Prolegis exists to serve the policy community with tools that make their work more effective,” said Jim Gianiny, CEO of Prolegis. “Partnering with Povaddo allows our users to contribute their expertise in a new way and take part in rigorous research that helps organizations better understand the policy landscape. It’s a natural extension of what our platform already does: connecting policy professionals with the resources and opportunities that matter to their work.”

Launched in 2018, the Povaddo Panel was built to meet growing demand for research insights from individuals who shape, influence, and analyze public policy as part of their daily work. Over the past eight years, the panel has grown to nearly 5,000 public policy professionals worldwide, including over 2,000 in the United States. Many panelists are former elected officials, including former Members of Congress.

This partnership is part of a broader period of momentum for Povaddo. The company recently announced it is launching a quarterly omnibus survey among public policy professionals in the United States and Europe.

“Companies and other organizations that want to understand what public policy professionals think—whether about their brand or an issue they are facing—now have a new way of doing that. Our new omnibus survey among public policy professionals fills an important need in the research services marketplace,” said Brooke Hayes, Executive Vice President of Povaddo, who oversees the Povaddo Panel and the firm’s new omnibus research service among public policy professionals.

Additionally, Povaddo recently released select findings from its survey of public policy professionals in the U.S. and Europe regarding their attitudes towards AI. In an era when political consensus is elusive, this study finds widespread agreement within policy communities on both sides of the Atlantic that government regulation of AI should be increased.

About Povaddo: Povaddo specializes in public opinion and policy elite research. Founded in 2009, Povaddo is recognized as a trusted advisor to top-tier organizations seeking to navigate complex issues management, strategic communications, corporate reputation, and business transformation challenges. Most of the firm’s clients sit within external affairs, corporate affairs, public affairs, government affairs, regulatory affairs, scientific affairs, corporate communications, business planning and strategy. For more information, please visit www.povaddo.com.

About Prolegis: Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, Prolegis delivers innovative solutions, efficient tools, and engaging content, all on one easy-to-use platform. The platform serves Congressional staff, think tank scholars, and public affairs professionals, creating a unique intersection where policy expertise and advocacy meet. For more information, please visit www.prolegis.com.

Media Inquiries: William Stewart, +1 (855) 768-2336, stewart@povaddo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/povaddo-and-prolegis-announce-strategic-partnership-to-expand-access-to-public-policy-professionals-for-opinion-research-302760432.html

SOURCE POVADDO LLC

Continue Reading

Trending