Lottery Market in Mexico – Opportunity Assessment and Trend Analysis by Technavio

According to the latest market research study by Technavio, the lottery market in Mexico is projected to grow at a CAGR of close to 10% during the predicted period 2017 to 2021.

This report by Technavio delivers a detailed study of the lottery market in Mexico regarding revenue and evolving market trends. The report also contains an up-to-date analysis and forecasts for various market sections and all geographical regions.

Technavio research analysts sort the market based on the product type

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The top three revenue contributing type segments are discussed below:

Lottery market in Mexico by draw-based lotteries: Draw-based lottery is a very common type of lottery in Mexico and the various types of draw-based lottery played in the market are Lotto and Powerball. The gameplay of these lotteries is the same, where players win prizes when the numbers on their tickets match all or most of the numbers drawn. Moreover, the gameplay variant of the lottery is gaining immense popularity in the Mexican market which will have a positive impact on the growth of the market in this region.

“Draw-based lotteries require the gamer to select a few numbers depending on the gameplay, and the numbers are either selected or autogenerated. The numbers are later picked at random by the organizer, and the player who has all the numbers matching the numbers drawn will win the highest prize. Keno is amongst the most popular draw-based lottery in the Mexican market,” says Ujjwal P Doshi, a lead analyst at Technavio for research on media and entertainment services.

Lottery market in Mexico by sports lotteries: The sports lotteries in Mexico is similar to sports betting, where customers pick which teams they think will win. The customer who gets all or most of his predictions right wins the game. The two different categories of sports lotteries include traditional football betting and single-match betting. The various events that are permitted under this category include FIFA World Cup, English Premier League, European Champions League, and Spanish Premier League.

Lottery market in Mexico by instant lotteries: The non-time-consuming factor of instant lottery games is making this the fastest growing segment in the lottery market in Mexico. The method of playing this game is similar to scratch card games where the gamer’s ticket will have 14 scratch slots and 16 pictures arranged in a 4×4 matrix. This matching games and if the ticket can match any four of the pictures in the matrix either horizontally or vertically, the gamer will be paid out accordingly.

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The top vendors operating in the lottery market in Mexico are:

• Mexico National Lottery
• Predictions for Public Assistance
• INTRALOT
• SORTEO GAMES