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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

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 - Request a sample report

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 -

What's New? -

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).

For highlights into growth opportunities across various segments - Download a Sample

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
& sustainability of the businesses, find some insights from a sample

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Lottery Market in Mexico Scope

Report Coverage


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 9.3%

Market growth 2023-2027

USD 3,537.24 million

Market structure


YoY growth 2022-2023 (%)


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.

Browse through Technavio's Consumer Discretionary Market Reports

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Platform

7 Market Segmentation by Type

8 Customer Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us
Technavio is a leading 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.

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/

SOURCE Technavio

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