Lottery Market Surges to USD 504.19 Billion by 2030, Propelled by 4.5% CAGR – Verified Market Reports | PR Newswire [Video]

The Lottery Market is propelled by the growing popularity of online platforms, ease of accessibility, and increased participation due to enticing jackpots. Advancements in technology, such as mobile apps and secure payment options, further drive the market. However, stringent government regulations and societal concerns over gambling addiction hinder market growth.

, /PRNewswire/ — The Global Lottery Market is projected to grow at a CAGR of 4.5% from 2024 to 2030, according to a new report published by  Verified Market Reports^®. The report reveals that the market was valued at USD 346.27 Billion in 2023 and is expected to reach USD 504.19 Billion by the end of the forecast period.

The lottery market is driven by factors such as increasing disposable income, growing consumer interest in gaming, and the availability of online lottery platforms, which make it more accessible to a global audience. Technological advancements in digital payment methods and mobile apps also contribute to market growth. …