Global lottery market forecast to be worth over $450 billion by 2027
Indian market research firm Valuates Reports has forecast that the global lottery market could be worth up to $450.46 billion by the end of 2027 due to the growing prevalence of online games and the increased simplicity of claiming prizes.
The Bangalore-headquartered analyst used an official Tuesday press release to detail that this prediction is contained within its new Global Lottery Market Size, Status and Forecast 2022 exercise examining the current size, shape and health of the planet’s burgeoning lottery scene.
Aggregate accumulation:
Valuates Reports also stated that the global lottery market was worth around $341 billion in 2020 but is now enjoying a compound annual growth rate of 4.1% being driven by ‘the opportunity to win big, easy game access, a variety…