4 views left Get unlimited views with a free account

Explore the latest trends and actionable insights on the Global Esports market to inform business strategy and pinpoint opportunities and risks

Market Size of Lotteries Segment from Americas Region (2017-2021, $ Billion)

Industry: Casinos And Gambling
Current: Market Sizing & Shares

The market size of Lottery Betting sector in the Americas region reached a value of $93 billion in 2021
There are some cities in the region which are famous for gambling and betting it includes Las Vegas, Atlantic City, and Reno
The major companies that have a strong presence in the American Lotteries betting market includes Betonline, and Bevoda

Market Size of Lotteries Segment from Americas Region : Industry Overview

Lottery betting is the practice of making predictions about lottery draws and betting on the results. Lottery betting, commonly referred to as lotto betting, is an authorized form of online gambling where individuals wager on the results of lottery draws rather than purchasing paper

The market size of Lottery Betting sector in the Americas region reached a value of $93 billion in 2021. Key markets for Lotteries Betting in the American region includes country like US. As many of the countries globally have made betting legal in their respective region which has paved way for the growth of the sector. North America has made provisions for betting being legalized in the region. There are some cities in the region which are famous for gambling and betting it includes Las Vegas, Atlantic City, and Reno.

The US Lotteries Betting market is highest among the regions. The Lotteries Betting market in the American’s region saw a growth of 17% in 2021 as the sector witnessed a recovery in demand after easing the restrictions which were placed on account of the pandemic COVID-19.

Earlier in the year 2020, The COVID-19 outbreak impacted the sector greatly. Lotteries Betting were forced to shut their business for most of the year due to the ongoing coronavirus restrictions and lockdowns which postponed many sports and tournaments globally. During the year 2020, the market value of Lotteries betting in the Americas region saw a de-growth of 1% due to the impact of COVID-19.

Many Lotteries betting games requires people presence and are done in a offline mode in casinos via bookies who takes bet on the behalf of the people betting on the game. Thus, when casinos were open, they needed to adjust their games and follow the government’s coronavirus safety measures, decreasing demand for the sector in general.

The major companies that have a strong presence in the American Lotteries betting market includes Betonline, and Bevoda.

Explore the latest trends and actionable insights on the Global Esports market to inform business strategy and pinpoint opportunities and risks Explore the latest trends and actionable insights on the Global Esports market to inform business strategy and pinpoint opportunities and risks Visit Report Store