Various countries around the world run lottery programs. These programs help the government to raise funds. The proceeds are typically set aside for different government programs.

The global lottery market is projected to reach $300.6 billion by 2021. The market is segmented into North America, Asia Pacific, Europe and LAMEA. The report provides volume and price forecasts, along with an analysis of key players and regional trends.

The study also analyzes the present scenario of the online lottery market. It also considers the dynamics of the lottery market over the next five years. It profiles the major players and identifies various growth enablers. It presents a detailed picture of the market player positioning, which facilitates benchmarking.

The online sub-segment of the lottery market is expected to witness the fastest growth in the forecast period. The study provides an overview of the key drivers and restraints for the lottery market.

The Asia-Pacific lottery market is expected to grow at 9.1% CAGR during the forecast period. Increasing consumer disposable income is expected to drive the expansion of the lottery industry in the region. The market is also predicted to benefit from product innovation. The lottery market is projected to expand at a rapid rate, due to the increasing awareness about lottery schemes.

The market is also predicted to experience a decline during the forecast period. In fact, the demand for lotteries has decreased over the past few years, in part because of economic losses.