Lottery Market Trends, Outlook and Overview and Forecast

Technavio Announces the Publication of its Research Report – Lottery Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the lottery market in the US: California State Lottery, Illinois State Lottery, Missouri Lottery, Hoosier Lottery, New York State Lottery, North Carolina Education Lottery, and Texas Lottery Commission.

Other Prominent Vendors in the market are: 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, and Rhode Island Lottery.

Browse full report with TOC@ https://marketreportscenter.com/reports/356365/lottery-market-in-the-us-2016-2020

Commenting on the report, an analyst from Technavio’s team said: “Use of lottery profits for charity will be a key trend for market growth. A large portion of the profit earned through the lottery is used for societal development and other welfare activities. For example, the Californian state government used a higher percentage of the lottery profits for the state development instead of general funds and taxpayer dollars. Nearly 90% of the lottery funds are diverted directly in the form of prize payments, retail commissions, and education systems. Since 2001, more than $1 billion have been used yearly for the development of public education systems including K-12, community colleges, and undergrad campuses.

According to the report, high prize money offered by lotteries will be a key driver for market growth. Lottery market comprises of several types of games and tickets in various price range. The reward also differs from one ticket to another, which are either given away as physical goods or as monetary benefits. The government in China has limited the maximum jackpot to $1.65 million, whereas, there is no such rule imposed...