Lottery Market: Compared USA-India Lottery Market (Lottery Bazar)

Lottery Market Compared USA-India Lottery Market (Lottery Bazar)

USA and India Lottery Market (Lottery Bazar)

Lottery is a form of gambling in which money is put on numbers to get a prize. There can be different types of lotteries depending on the region, location and rules of the lottery. But in the end, the objective is to get more money than the amount invested on the lottery. Lotteries are outlawed by some governments, while others support it to the extent of holding national or state lotteries. In this post, you will get a wide view about global lottery market, however our maximum focus will be on the similarities and differences between Indian and American lotteries.

Global Lottery Market

If we look at the global statistics, most of the developed and developing countries have their own state lottery. Although, private and public lotteries are also banned in some countries. There is no dedicated organization or group for studying the global lottery market. The value of the lottery market can be estimated by assessing the reports published by the researcher and the industry.

According to one such report, the global lottery market was valued at around $342 billion in the year 2020 and is projected to grow to $450 billion by the year 2027. China Sports Lottery, Hong Kong Jockey Club, Lotterias y Apuestas del Estado, Française des Jeux, New York (NY) State Lottery Post, Singapore Pools, California Lottery, INTRALOT, etc. are the top lotteries with the most money. European countries like USA, UK, France, Canada have state sponsored lottery, so people put more money on it. In comparison, India has selective state lotteries.

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The Major Players in the Global Lottery Market:

  • New York (NY) State Lottery
  • California (CL) Lottery
  • China Sports Lottery (CPL)
  • Singapore Pools
  • Hong Kong Jockey Club
  • Francaise des Jeux
  • Loterías y Apuestas del Estado
  • China Welfare Lottery
  • Lottomatica S.P.A (IGT)
  • Camelot Group
  • Florida Lottery
  • Mizuho Bank Ltd.
  • Ontario Lottery
  • Nanum Lotto
  • Lotería Nacional para la Asistencia Pública
  • Ithuba Holdings Proprietary Limited (RF)
  • Sugal & Damani
  • Caixa Economica Federal
  • Loto-Quebec
  • INTRALOT
  • Connecticut Lottery Corporation
  • Lotterywest

Lottery Market of India (Lottery Bazar)

Lottery game is being played in India for many years but the lottery sector is not well organized. Most of the lottery are played according to the traditional rules and regulations. In the olden days, people called gambling as SATTA / Satta Matka / sattamatkà 143. In the game of Satta Matka Matta there were number slips inside the Matka (Pot), people used to bet on these numbers.

According to the industry, the market for gambling or lottery in India is around Rs 50,000 crores, which is going to increase further in a few years. Also, in 2017 the Government of India imposed a GST tax of 28% on lottery tickets, Shrinking the lottery market around Rs 15000 crores. Private lotteries are currently banned in India, but some state governments have allowed government lottery.

At present, 14 states in India have allowed and regulated their own official government lotteries, including Arunachal Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Assam, Goa, Kerala lottery, Madhya Pradesh, Nagaland, Punjab, Sikkim, West Bengal and Meghalaya.

List of some popular lottery in India:

  • Lottery sambad
  • Nagaland state lottery
  • Kerala lottery
  • Kalyan Matka
  • Dear lottery
  • Play India lottery
  • Hariom lottery
  • Dhan Kesari lottery
  • Bodoland lottery
  • Sikkim state lottery
  • Karunya lottery result
  • Rajdhani Night
  • Chetak lottery
  • Sri Lakshmi lottery

USA lottery market

The lottery market in the United States is the largest compared to other countries. Only North America has a share of 26% in the global lottery market. From this you can get an idea of how much money people invest in USA Lottery. According to reports, this market is going to grow at a pace of $30.12 billion between the year 2020-2024. Each state in the United States has its own lottery, a percentage of the money collected through the lottery is spent on education. Powerball, Mega Millions are the Multi-state Lottery popular in US.

List of some lotteries being played in the United States:

  • New York (NY) Lottery – Win 4, Take 5, NY lotto, Pick 10, etc.
  • Florida (FL) Lottery – Pick 2 3 4 5, Cash pop, Fantasy 5, Floridalottopost, Cash4life, Mega millions, Powerball
  • Arizona (AZ) Lottery – Pick 3, The pick, Fantasy 5, Triple twist, Mega millions, etc.
  • California (CL) Lottery – Daily 3 4, Superlotto, Daily derby, etc.
  • Minnesota (MN) Lottery – Daily 3, Lotto America, etc.

Comparison between Indian and American Lottery market

TopicIndia Lottery USA Lottery
State lottery14 States regulate their own state lotteryAll States regulate their own state lottery
Private lotteryIllegal
Tax on Lottery TicketsYes (28%)Yes
ModeLotteries are played offlineLotteries are played online
Jackpot PrizeJackpot prize amount is very lowJackpot prize amount is high
Number of winnersLess number of winnersMore number of winners
RegulationLess RegulatedMore regulated
Lottery SectorUnorganizedOrganized
Famous lotterylottery sambad, Kerala lottery, Nagaland lottery, Hariom lottery, Kalyan, Rajdhani, etc.Powerball lottery, Mega millions, etc.

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