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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

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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.

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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.

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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.

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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/

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SOURCE Technavio

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TS Imagine Expands Integration with Trumid’s Fixed-Income Trading Platform

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Adds Access to Trumid RFQ Automation
and Trumid Full Self Trading (FST™)

NEW YORK, July 23, 2026 /PRNewswire/ — TS Imagine, a leading global cross-asset provider of trading, portfolio, risk management and prime brokerage solutions, announced an expanded workflow integration with Trumid, a financial technology company and leading fixed income electronic trading platform.

The enhanced integration provides TS Imagine clients with broader access to Trumid’s electronic trading ecosystem, including its list-based workflows—Trumid RFQ and Portfolio Trading (PT)—while expanding RFQ automation and cross-protocol capabilities. Clients can now access:

Trumid’s RFQ network, enabling automated workflows through RFQ Auto-Submit via Trumid AutoPilot™ for RFQ, along with API-driven executionHeadless RFQ responder, initiator, and voice inquiry workflows Trumid Full Self Trading (FST™), Trumid’s automated cross-protocol execution capability connecting liquidity and execution opportunities across Trumid RFQ and Swarms, with expansion to Trumid Attributed Trading (firm dealer streams) planned for H2 2026. 

TS Imagine first integrated with Trumid in 2020, including support for Trumid’s Fair Value Model Price (FVMP™) predictive pricing model for corporate bonds.

Alexis Sainte Marie, Fixed Income Product, TS Imagine, said:

“Our expanded relationship with Trumid is an important step for TS Imagine clients seeking greater access to liquidity and workflow automation. We’ve particularly seen significant growth in areas like portfolio trading and RFQ and will continue to work closely with the Trumid team to enhance trading opportunities for our customers.”

Jason Quinn, Chief Product Officer & Global Head of Sales at Trumid, said: 

“Our mutual clients continue to benefit from the integration with TS Imagine, particularly as adoption of Trumid’s list-based workflows continues to accelerate. As clients increasingly engage across multiple Trumid trading protocols, we see additional opportunities to expand our relationship and deliver even greater value for our mutual clients.”

Trumid’s list protocols continued to deliver strong growth during Q2 2026. Trumid RFQ Average Daily Volume (ADV) increased 122% year-over-year, while automated trade volumes executed through Trumid AutoPilot™ for RFQ more than doubled. Trumid PT volume rose approximately 40% year-over-year, with the protocol recording its highest quarterly ADV alongside all-time highs in buy-side participation and lists traded. 

About TS Imagine 

TS Imagine delivers a best-in-class SaaS platform for integrated electronic front-office trading, portfolio management, prime brokerage, and financial risk management. Our global team of technologists continuously develops software and deploys new technologies that empower financial institutions to outperform markets and manage risk in real time. Many of the world’s leading financial institutions trust TS Imagine’s platform to manage their risk exposure and make better trading decisions across derivatives, equities and fixed income, cutting complexity and driving efficiencies.

About Trumid

Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.

MEDIA CONTACTS

Greentarget for TS Imagine
tsimagine@greentarget.co.uk

Trumid Press
+1 (212) 618-0300
press@trumid.com

View original content:https://www.prnewswire.com/news-releases/ts-imagine-expands-integration-with-trumids-fixed-income-trading-platform-302832754.html

SOURCE Trumid

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Passage Preparation Wins 2026 CODiE Award for Best Professional Learning Platform

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CHARLOTTESVILLE, Va., July 23, 2026 /PRNewswire/ — Passage Preparation™, a division of K12 Coalition, has been named a 2026 CODiE Award Winner in the category Best Professional Learning Platform.

The CODiE Awards recognize the most innovative products, platforms and services across technology and education. Winners are selected through a rigorous evaluation process led by independent industry experts who assess each solution based on innovation, functionality, market impact, and overall value.

Selected from 228 finalists across 75 categories, the 2026 CODiE Award winners represent the solutions setting new standards for excellence and innovation.

“We are honored to receive this recognition from the CODiE Awards,” said Nathan Estel, Managing Director of Passage Preparation. “This award reflects our team’s commitment to helping aspiring educators build the knowledge, confidence, and instructional expertise they need to succeed on their licensure exams. We remain dedicated to strengthening the educator pipeline through innovative learning experiences that prepare great teachers for the classroom.”

As schools across the country face persistent teacher shortages, Passage Preparation is helping accelerate the path from aspiring educator to licensed classroom teacher. The platform provides comprehensive licensure exam preparation tailored to state certification requirements and subject areas, ensuring candidates focus on the content most relevant to their certification pathway. Developed by experienced teachers and teacher educators, every course is aligned with both licensure standards and evidence-based instructional practices, equipping candidates with the skills they need to succeed on certification exams and in the classroom.

Unlike traditional test-preparation programs that emphasize memorization and test-taking strategies, Passage Preparation builds lasting content knowledge and teaching proficiency through engaging, interactive learning experiences. Candidates benefit from diagnostic assessments that identify strengths and areas for improvement, detailed progress reporting, practice assessments, and personalized study plans. Flexible self-paced learning is complemented by live virtual cohorts that provide instructor guidance, peer collaboration, and accountability, creating a supportive professional learning community for busy educators.

Designed with accessibility and flexibility in mind, Passage Preparation includes tools such as Immersive Reader, offering real-time translation in more than 100 languages, text-to-speech functionality, customizable display settings, and other features that support diverse learning needs. The platform has consistently helped improve certification exam pass rates, enabling many candidates to earn licensure on their first attempt, saving valuable time and costs. By preparing more educators to enter the profession successfully, Passage Preparation helps districts fill critical teaching positions faster and strengthens the educator workforce nationwide.

“The 2026 CODiE Award winners represent some of the most innovative and impactful solutions in the industry,” said Jennifer Baranowski, President of the CODiE Awards. “These organizations are solving meaningful challenges, delivering measurable outcomes, and helping shape the future of technology.”

A complete list of 2026 CODiE Award winners is available at https://codieawards.com/winners.

About K12 Coalition 

K12 Coalition is a collective of specialized education products and services with a common mission to provide a great education for every student in every classroom every day. The company offers deep expertise in solving five macro K-12 education challenges: teacher certification, professional learning, literacy and math curriculum, accelerated student learning through summer school, and district support, including strategic planning and consulting. Learn more at k12coalition.com.

About Passage Preparation

Passage Preparation specializes in providing comprehensive licensure assessment preparation resources designed to bolster teacher confidence and proficiency. These learning resources equip licensure candidates with the knowledge necessary for success on exams and instill in them best teaching practices using methodologies thoughtfully curated to be engaging and aligned precisely with the content covered on the licensure exams. Passage Preparation is part of K12 Coalition, a certified B Corporation helping schools and teachers thrive nationwide.

Media Contact:
Alex Fairchild
K12Coalition@finnpartners.com 

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SOURCE K12 Coalition

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Knox Systems Partners with Microsoft to Accelerate Secure Government Access to Commercial Innovation on Microsoft Azure

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Strategic collaboration helps software companies bring cutting-edge commercial technology to the U.S. Government faster through Microsoft Azure Government Cloud

NEW YORK and WASHINGTON, July 23, 2026 /PRNewswire/ — Knox Systems (Knox), the largest, longest-running federal managed cloud, today announced a collaboration with Microsoft to help commercial software companies deploy secure, mission-ready solutions on Microsoft Azure Government Cloud for U.S. Government customers.

As demand for modern AI, cybersecurity, data, and enterprise software continues to grow across the public sector, the partnership is designed to reduce the barriers that have historically prevented government agencies from accessing the same technologies already transforming the commercial market.

Knox enables software providers to achieve production-ready federal cloud environments in as little as 90 days through its pre-authorized Federal Managed Cloud. By inheriting a substantial portion of required security controls, companies can reduce the time, effort, cost, and compliance burden associated with deploying compliant government cloud solutions. Combined with Microsoft Azure’s trusted government cloud platform, the collaboration provides an accelerated path for innovative software companies seeking to serve federal civilian and defense customers.

“America’s greatest technology companies shouldn’t spend years navigating compliance before they can help solve government missions,” said Irina Denisenko, CEO of Knox Systems. “Microsoft has built one of the world’s most trusted cloud platforms for government. Knox removes the operational barriers that can keep innovative software companies from deploying secure, compliant solutions on Azure Government. Together, we’re making it dramatically faster for agencies to access the technologies they need, securely, compliantly, and at mission speed.”

The collaboration strengthens Microsoft’s ecosystem for independent software vendors (ISVs) pursuing government opportunities while expanding the pathway for AI-native, cybersecurity, enterprise software, and critical infrastructure companies to bring production workloads to Azure.

“Microsoft is committed to helping software companies innovate for government while meeting the highest standards for security and compliance,” said Jamie Harper, VP, Defense Industrial Base, Microsoft. “Our collaboration with Knox provides organizations with an accelerated path to deploy innovative solutions on Microsoft Azure Government Cloud, helping government agencies gain faster access to the technologies that support critical missions.”

Knox currently operates one of the industry’s largest FedRAMP-authorized managed cloud environments, supporting more than 70 software companies and maintaining 16 US Federal and Department of War Authorizations to Operate (ATOs). Customers including Adobe, Armis, Celonis, BigID, and other leading software providers rely on Knox to bring commercial innovation to government faster while maintaining rigorous security standards.

As AI adoption accelerates across government, the partnership reflects a shared commitment to ensuring agencies can securely leverage the same cutting-edge technologies already powering the commercial economy.

About Knox Systems

Knox Systems operates the largest managed federal cloud, trusted by top agencies and partners across defense and civilian sectors. Built for speed, resilience, and compliance, Knox delivers FedRAMP authorization in 90 days – turning the biggest bottleneck in government IT into the fastest path to modernization. Knox proudly serves Adobe, Celonis, OutSystems, Armis, BigID, and more AI and SaaS providers, accelerating secure innovation across the federal landscape. Learn more at knoxsystems.com.

Media Contact:
knox@w2comm.com

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SOURCE Knox Systems, Inc

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