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Technavio has been monitoring the lottery market in North America and it is poised to grow by USD 25.60 billion during 2020-2024, progressing at a CAGR of almost 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 North America 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the lottery market in North America. The market growth in 2020 has Decreased compared to the market growth in 2
Press release content from Business Wire. The AP news staff was not involved in its creation.
Lottery Market In US to grow by 20.62 Billion During 2020-2024 | High Penetration of Smartphones to Emerge as Major Trend | Technavio
February 5, 2021 GMT
Technavio has announced its latest market research report titled Lottery Market in US 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Lottery Market in US 2020-2024 (Graphic: Business Wire)
LONDON (BUSINESS WIRE) Feb 4, 2021
Technavio has been monitoring the lottery market in us and it is poised to grow by USD 20.62 billion during 2020-2024, progressing at a CAGR of almost 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.
William Hill
New York Betting Successes And Failures
New York Sports Betting Success
New York’s sportsbooks were never expected to do as well as states with online sports betting options. While sportsbook revenue continued to rise throughout the end of 2020, a few million is nothing compared to the hundreds of millions generated monthly in New Jersey.
However, Governor Andrew Cuomo had been outspokenly opposed to any form of legal sports betting, even after the US Supreme Court overturned PASPA in May 2018, a federal law prohibiting states from legalizing it.
Despite his opposition, retail sports betting launched in 2019 inside several Upstate New York casinos. That’s far better than nothing, but a far cry from resounding success.
Spectrum study projects NY mobile betting revenue of up to $1.14bn
28th January 2021
| By Robin Harrison
Spectrum Gaming Group’s long-awaited study on gaming expansion in New York suggests widespread mobile sports betting could see the state generate annual revenue of between $816m and $1.41bn.
The report was commissioned by the New York State Gaming Commission in 2019, and originally expected to be delivered in December that year. The delivery date was pushed back to June last year before being delayed indefinitely as a result of the novel coronavirus (Covid-19) pandemic.
It models potential returns for the state based on a range of different gaming expansion scenarios.