Share this article NEW YORK, July 28, 2021 /PRNewswire/ -- Technavio has been monitoring the lottery market in the US and it is poised to grow by USD 20.62 billion during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Technavio has announced its latest market research report titled Lottery Market in US by Type and Platform - Forecast and Analysis 2020-2024 Get specific analysis on the criticality of inputs and factors of differentiation in the lottery market in US. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arizona Lottery, Connecticut Lottery Corp., Florida Lottery, INTERNATIONAL GAME TECHNOLOGY PLC, New York State Gaming Commission, Pennsylvania Lottery, Pollard Banknote Ltd., Scientific Games Corp., Texas Lottery Commission, and The California State Lottery are some of the major market participants. Although the growing adoption of marketing strategies will offer immense growth opportunities, the socio-economic impact of lotteries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.