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 the Lotteries in the UK (2017-2021, $ Billion)

Industry: Casinos And Gambling
Current: Market Sizing & Shares

The market size of the lotteries sector in the UK reached a value of $5.7 billion in 2021
The lotteries market in the UK grew by 4% in 2021
The lotteries market in the UK grew at a CAGR of 5% during 2017-2021

Lotteries industry in Italy: Industry Overview

The Casino and gaming industry is made up of Casinos, Lotteries, Sports betting & related, and other activities, out of which Lotteries account for 28% of the market size with $117 billion.

A lottery is a means of gaining money by selling numbered tickets, drawing those numbers at random at a said time, and distributing prizes in line with the promised amount of money or other objects such as vehicles, shares, bungalows, electronics, etc. to the holders of those numbers.

The UK is the fourth biggest market for lotteries. The market size of the lotteries sector in the UK reached a value of $5.7 billion in 2021, accounting for 5% of the global market size. The UK contributes to 16% of the market size in the Europe region.

Earlier in the year 2020, globally, when the COVID-19 outbreak impacted the sector greatly, lotteries in the UK had no effect with a good growth of 11%, accounting for $0.5 billion. As a result of this, the UK surpassed France to become the fourth biggest market for lotteries.

After the restrictions were eased, the sector witnessed even more growth in demand as the lotteries market in the UK grew by a significant 4% in 2021 which accounts for an increase in market size of $0.2 billion.

The lotteries market in the UK grew at a CAGR of 5% during the period 2017-2021. This was primarily on account of the steady growth in the demand for lotteries which was seen for the past few years, which later grew exponentially after the pandemic as people, in general, became more spendthrift after being forced to sit in their homes for the better part of 2020 as the country was shut down with multiple lockdowns and government restrictions.

The major companies that have a strong presence in The UK’s lotteries market include Giant Lottos, Lottoland, and Jackpot.com among others.

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