The government of Mexico allows lotteries to promote fundraising for charitable organizations. As lotteries are governed by local, state, and national laws, the regulations vary between regions. The government regulations that support lotteries are one of the key drivers of the market growth. Some countries consider lottery illegal and have stringent government regulations related to lotteries. Mexico is one of the premium promoters of lotteries because it is one of the major sources of revenue for the country.
Technavio’s analysts forecast the lottery market in Mexico to grow at a CAGR of 9.97% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the lottery market in Mexico for 2017-2021. To calculate the market size, the report considers the revenue generated from lottery sales in Mexico.
Technavio's report, Lottery Market in Mexico 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Mexico National Lottery - INTRALOT - Predictions for Public Assistance - SORTEO GAMES
Market driver - Increased taxes from painless revenue. - For a full, detailed list, view our report
Market challenge - Addictive behavior among low-income groups. - For a full, detailed list, view our report
Market trend - Increasing promotion of lottery through social media. - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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