Lottery Market Size In Mexico To Grow By USD 3,537.24 Million Between 2022 And 2027 Increasing Penetration Of Online Lottery Identified As A Major Trend - Technavio

(MENAFN- PR Newswire) NEW YORK, March 21, 2023 /PRNewswire/ --
The lottery market size in mexico is estimated to increase by USD 3,537.24 million between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 9.3% during the forecast period. The increasing penetration of online lottery is one of the major trends influencing growth. The rising adoption of smartphones and the availability of the internet have increased the number of online users. This has encouraged vendors to provide better experiences to customers and tap the growth potential. Many vendors are introducing online platforms to engage customers as well as promote their other product offerings, such as gaming, sports betting, and other forms of gambling. Such developments are positively influencing market growth. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report
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Technavio has announced its latest market research report titled Mexico Lottery Market 2023-2027

Lottery market in Mexico – Vendor Analysis
The lottery market in Mexico is fragmented due to the presence of several vendors. The vendors are expanding their geographical presence and introducing new products to cater to a large customer base and increase revenue. The competition in the market is increasing with the entry of new players, technological innovations, and rising M&As.

Vendor Offerings -

• Bet365 Group Ltd.
  - The company offers lottery games such as Lotto365.
• EU Lotto Ltd.
  - The company offers lottery services such as bingo, toto, and 1Xgames.
• Florida Lottery
  - The company offers lottery services such as Powerball, jackpot triple play, and cash pop.
• Gammastack Inc.
  - The company offers lottery services such as casino and online casino.

What's New? -

• Special coverage on the Russia-Ukraine war; inflation; recovery analysis from COVID-19; supply chain disruptions, trade tensions; and risk of recession
• competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -
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Lottery Market in Mexico - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on platform (offline and online) and type (draw-based lotteries, sports lotteries, instant lotteries, and others).

• The market will observe significant growth in the offline platform segment during the forecast period. The growth of this segment is majorly driven by factors such as the expansion of lottery retailers, increasing lottery prize money, and liberalization of government regulations. In addition, the introduction of technologically advanced solutions by vendors is supporting the segment's growth.

For highlights into growth opportunities across various segments -
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Lottery Market in Mexico
– Market Dynamics

Leading Drivers –

The growth of the market is driven by the high return on investment (ROI) potential in a lottery. Lotteries offer the highest returns in the gaming industry. Lottery rewards are offered in the form of physical goods and monetary benefits. The chances of winning are low. However, the maximum winning jackpot has no limit. For instance, Mexico's national lottery offers jackpots of up to M$150 million in a single draw. Such high ROIs are increasing investments by customers in lottery tickets, which is driving the growth of the market.

Major challenges –

Security and credibility issues related to lotteries are key challenges hindering market growth. The number of cybercrimes is increasing across the world. As more people are involved in online lottery, these platforms have become major targets for cyber attackers and scammers. Many online lottery platforms do not have the latest cybersecurity technologies in place, which increases the risk of online fraud. These challenges are hindering the growth of the market.

driver, trend, and challenges are the factor of market dynamics that state about
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What are the key data covered in this lottery market in Mexico report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the lottery market in Mexico between 2023 and 2027
• Precise estimation of the size of the lottery market in Mexico and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the lottery market across Mexico
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of lottery market in Mexico

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Related Reports:

• The arcade gaming market is estimated to grow at a CAGR of 1.99% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,984.1 million. The launch of new arcade games is notably driving the market growth, although factors such as high maintenance costs of gaming machines may impede the market growth.
• The lottery market is estimated to grow at a CAGR of 6.96% between 2022 and 2027. The size of the market is forecast to increase by USD 182.44 billion. The increasing penetration of online lottery is notably driving the market growth, although factors such as the socio-economic impact of lotteries may impede the market growth.

Lottery Market in Mexico Scope
Report Coverage	Details
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 9.3%
Market growth 2023-2027	USD 3,537.24 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	9.05
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Arizona Lottery, Bet365 Group Ltd., Electronic and Communication Media SAPI de CV, Ensenanza e Investigacion Superior AC, EU Lotto Ltd., Florida Lottery, Gammastack Inc., Georgia Lottery Corp., Hoosier Lottery, International Game Technology plc, Interwetten Gaming Ltd., INTRALOT SA, Juega Lotto SA de CV, Latino Arts Inc., Legacy Eight Curacao NV, New Mexico Lottery, Pennsylvania Lottery, Pollard Banknote Ltd., TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV, and Winland Group
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents:

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market Segmentation by Platform
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
  • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 07: Parent market
  • Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
  
  • Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
  
  • Exhibit 11: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
  • Exhibit 12: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
  • Exhibit 13: Chart on Mexico: Year-over-year growth 2022-2027 (%)
  • Exhibit 14: Data Table on Mexico: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Lottery market in Mexico 2017 - 2021
  
  • Exhibit 15: Historic Market Size – Data Table on Lottery market in Mexico 2017 - 2021 ($ million)

• 4.2 Platform Segment Analysis 2017 - 2021
  
  • Exhibit 16: Historic Market Size – Platform Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021
  
  • Exhibit 17: Historic Market Size – Type Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
  
  • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
  
  • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
  
  • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
  
  • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
  • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
  • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Platform

• 6.1 Market segments
  • Exhibit 25: Chart on Platform - Market share 2022-2027 (%)
  • Exhibit 26: Data Table on Platform - Market share 2022-2027 (%)

• 6.2 Comparison by Platform
  
  • Exhibit 27: Chart on Comparison by Platform
  • Exhibit 28: Data Table on Comparison by Platform

• 6.3 Offline - Market size and forecast 2022-2027
  
  • Exhibit 29: Chart on Offline - Market size and forecast 2022-2027 ($ million)
  • Exhibit 30: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
  • Exhibit 31: Chart on Offline - Year-over-year growth 2022-2027 (%)
  • Exhibit 32: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027
  
  • Exhibit 33: Chart on Online - Market size and forecast 2022-2027 ($ million)
  • Exhibit 34: Data Table on Online - Market size and forecast 2022-2027 ($ million)
  • Exhibit 35: Chart on Online - Year-over-year growth 2022-2027 (%)
  • Exhibit 36: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Platform
  
  • Exhibit 37: Market opportunity by Platform ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
  • Exhibit 38: Chart on Type - Market share 2022-2027 (%)
  • Exhibit 39: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
  • Exhibit 40: Chart on Comparison by Type
  • Exhibit 41: Data Table on Comparison by Type

• 7.3 Draw-based lotteries - Market size and forecast 2022-2027
  
  • Exhibit 42: Chart on Draw-based lotteries - Market size and forecast 2022-2027 ($ million)
  • Exhibit 43: Data Table on Draw-based lotteries - Market size and forecast 2022-2027 ($ million)
  • Exhibit 44: Chart on Draw-based lotteries - Year-over-year growth 2022-2027 (%)
  • Exhibit 45: Data Table on Draw-based lotteries - Year-over-year growth 2022-2027 (%)

• 7.4 Sports lotteries - Market size and forecast 2022-2027
  
  • Exhibit 46: Chart on Sports lotteries - Market size and forecast 2022-2027 ($ million)
  • Exhibit 47: Data Table on Sports lotteries - Market size and forecast 2022-2027 ($ million)
  • Exhibit 48: Chart on Sports lotteries - Year-over-year growth 2022-2027 (%)
  • Exhibit 49: Data Table on Sports lotteries - Year-over-year growth 2022-2027 (%)

• 7.5 Instant lotteries - Market size and forecast 2022-2027
  
  • Exhibit 50: Chart on Instant lotteries - Market size and forecast 2022-2027 ($ million)
  • Exhibit 51: Data Table on Instant lotteries - Market size and forecast 2022-2027 ($ million)
  • Exhibit 52: Chart on Instant lotteries - Year-over-year growth 2022-2027 (%)
  • Exhibit 53: Data Table on Instant lotteries - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
  
  • Exhibit 54: Chart on Others - Market size and forecast 2022-2027 ($ million)
  • Exhibit 55: Data Table on Others - Market size and forecast 2022-2027 ($ million)
  • Exhibit 56: Chart on Others - Year-over-year growth 2022-2027 (%)
  • Exhibit 57: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type
  
  • Exhibit 58: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview
  
  • Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges
  
  • Exhibit 60: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
  • Exhibit 61: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
  • Exhibit 62: Overview on factors of disruption

• 10.4 Industry risks
  • Exhibit 63: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
  • Exhibit 64: Vendors covered

• 11.2 Market positioning of vendors
  
  • Exhibit 65: Matrix on vendor position and classification

• 11.3 Arizona Lottery
  • Exhibit 66: Arizona Lottery - Overview
  • Exhibit 67: Arizona Lottery - Product / Service
  • Exhibit 68: Arizona Lottery - Key offerings

• 11.4 Bet365 Group Ltd.
  • Exhibit 69: Bet365 Group Ltd. - Overview
  • Exhibit 70: Bet365 Group Ltd. - Product / Service
  • Exhibit 71: Bet365 Group Ltd. - Key offerings

• 11.5 Electronic and Communication Media SAPI de CV
  
  • Exhibit 72: Electronic and Communication Media SAPI de CV - Overview
  • Exhibit 73: Electronic and Communication Media SAPI de CV - Product / Service
  • Exhibit 74: Electronic and Communication Media SAPI de CV - Key offerings

• 11.6 Ensenanza e Investigacion Superior AC
  
  • Exhibit 75: Ensenanza e Investigacion Superior AC - Overview
  • Exhibit 76: Ensenanza e Investigacion Superior AC - Product / Service
  • Exhibit 77: Ensenanza e Investigacion Superior AC - Key offerings

• 11.7 EU Lotto Ltd.
  • Exhibit 78: EU Lotto Ltd. - Overview
  • Exhibit 79: EU Lotto Ltd. - Product / Service
  • Exhibit 80: EU Lotto Ltd. - Key offerings

• 11.8 Florida Lottery
  • Exhibit 81: Florida Lottery - Overview
  • Exhibit 82: Florida Lottery - Product / Service
  • Exhibit 83: Florida Lottery - Key offerings

• 11.9 Gammastack Inc.
  • Exhibit 84: Gammastack Inc. - Overview
  • Exhibit 85: Gammastack Inc. - Product / Service
  • Exhibit 86: Gammastack Inc. - Key offerings

• 11.10 International Game Technology plc
  
  • Exhibit 87: International Game Technology plc - Overview
  • Exhibit 88: International Game Technology plc - Business segments
  • Exhibit 89: International Game Technology plc - Key offerings
  • Exhibit 90: International Game Technology plc - Segment focus

• 11.11 Interwetten Gaming Ltd.
  
  • Exhibit 91: Interwetten Gaming Ltd. - Overview
  • Exhibit 92: Interwetten Gaming Ltd. - Product / Service
  • Exhibit 93: Interwetten Gaming Ltd. - Key offerings

• 11.12 INTRALOT SA
  • Exhibit 94: INTRALOT SA - Overview
  • Exhibit 95: INTRALOT SA - Business segments
  • Exhibit 96: INTRALOT SA - Key offerings
  • Exhibit 97: INTRALOT SA - Segment focus

• 11.13 Legacy Eight Curacao NV
  
  • Exhibit 98: Legacy Eight Curacao NV - Overview
  • Exhibit 99: Legacy Eight Curacao NV - Product / Service
  • Exhibit 100: Legacy Eight Curacao NV - Key offerings

• 11.14 New Mexico Lottery
  • Exhibit 101: New Mexico Lottery - Overview
  • Exhibit 102: New Mexico Lottery - Product / Service
  • Exhibit 103: New Mexico Lottery - Key offerings

• 11.15 Pollard Banknote Ltd.
  
  • Exhibit 104: Pollard Banknote Ltd. - Overview
  • Exhibit 105: Pollard Banknote Ltd. - Business segments
  • Exhibit 106: Pollard Banknote Ltd. - Key offerings
  • Exhibit 107: Pollard Banknote Ltd. - Segment focus

• 11.16 TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV
  
  • Exhibit 108: TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV - Overview
  • Exhibit 109: TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV - Product / Service
  • Exhibit 110: TECHNOLOGY IN CALIPLAY ENTERTAINMENT SAPI DE CV - Key offerings

• 11.17 Winland Group
  • Exhibit 111: Winland Group - Overview
  • Exhibit 112: Winland Group - Product / Service
  • Exhibit 113: Winland Group - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist
  
  • Exhibit 114: Inclusions checklist
  • Exhibit 115: Exclusions checklist

• 12.3 Currency conversion rates for US$
  
  • Exhibit 116: Currency conversion rates for US$

• 12.4 Research methodology
  • Exhibit 117: Research methodology
  • Exhibit 118: Validation techniques employed for market sizing
  • Exhibit 119: Information sources

• 12.5 List of abbreviations
  
  • Exhibit 120: List of abbreviations

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