Study: Global lottery market set to grow 8.85% from 2014 to 2019

(PRESS RELEASE) -- Research and Markets has announced the addition of the "Global Lottery Market 2015-2019" report to its offerings.

Economic recovery worldwide is a major factor in driving growth in the market. Countries like the U.S., U.K., Germany, China and Singapore have seen the income levels of their consumers increase, and this in turn has led to increases in consumer spending on leisure activities.

Advancements in mobile technology, as well as the surging popularity of emerging platforms, are also expected to be key drivers over this period. Consumers can now access their accounts at the touch of a button using their mobile devices. This provides an easier and more accessible way for them to check their numbers and play a new game.

The report does raise concerns over the strict regulations imposed by the government on the lottery market. A license is required at present before a company can begin operating in the lottery market. The process to obtain and renew these licenses can be difficult.

Revenue generated from the sale of tickets and games was used to calculate the market size for this report. The lottery has been banned in Middle Eastern countries, with Israel being the only exception. With this in mind, only Israel and countries from Europe and Africa were considered in calculating the revenue of EMEA.