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In this article, we will discuss the 10 biggest lottery companies in the world. If you want to skip reading our analysis of the global lottery industry and learn about the biggest lottery companies in the world, you can go directly to 5 Biggest Lotteries In The World.
The lottery industry is made up of both private and public organizations that offer a variety of lottery products and services. The industry is highly regulated in many jurisdictions in order to ensure the integrity of the games and to protect the interests of the players. There are a number of different types of lottery games that are offered, including scratch-off games, drawing games, and instant-win games. Lottery products are sold through a variety of channels, including retail outlets, online websites, and mobile apps. Many lotteries offer players the opportunity to purchase tickets in advance of the drawing date in order to avoid missing out on a chance to win. The lottery industry generates a significant amount of revenue for governments around the world. In the United States, for example, lottery proceeds are used to fund public education. In many other jurisdictions, lottery proceeds are used to support a variety of government programs and causes. The lottery industry is a dynamic and ever-changing sector that is sure to continue to grow in the years to come.
$2 Billion Jackpot Hit, Largest In History
On November 8, California lottery officials reported that someone from California has hit a jackpot of $2.04 billion. This is the largest jackpot in the history of U.S. lottery games and the 30-year history of Powerball games. The previous largest jackpot in history was a $1.6 billion Powerball jackpot which was won back in January 2016. The lucky winner bought their ticket at Joe’s Service Center, in Altadena, California. The winning numbers for the Powerball jackpot were white balls 10, 33, 41, 47, and 56 and the Powerball was 10. If the winner selects a lump sum cash option, they are entitled to a cash prize of $997.6 million, or they can decide to take home the $2 billion in annuity payments over 29 years.
An Analysis of the Lottery Industry
According to a report, the global lottery market was valued at $300.6 billion in 2021. The industry is projected to grow at a CAGR of 3.8% through 2031 and is expected to be worth $430.4 billion by the end of the forecasted period. Technological advancements are driving the digitization of industries and the lottery industry is not left out of the pool. According to a report published by Maximize Market Research, the global online lottery industry was valued at $10.44 billion in 2021 and is expected to reach a valuation of $16.77 billion by 2029, growing at a CAGR of 6.1% through the forecasted period. iLottery is becoming popular among consumers as advancements in internet technologies, encryption protocols, and blockchain makes it all the more convenient for the consumer to take part in a lottery sitting at their home without making the trip to a nearby store that sells lottery tickets. The use of blockchain in the lottery industry has the potential to revolutionize the way that lottery games are played. Blockchain is a distributed ledger technology that allows for secure, transparent, and tamper-proof transactions. This could potentially allow for a more secure and fair lottery system that is less susceptible to fraud and corruption. In addition, the use of blockchain could also help to speed up the process of paying out prizes to winners, as well as provide a more efficient way to manage the distribution of lottery tickets. In 2021, North America held the dominant market share of the global online lottery industry, followed by Europe, and then the Asia Pacific and emerging markets. By 2029, Europe is expected to dominate the market share of the online lottery industry.
Some of the major players in the global lottery industry include International Game Technology PLC (NYSE:IGT), Light & Wonder, Inc. (NASDAQ:LNW), and DraftKings Inc. (NASDAQ:DKNG). These, among others, are discussed in detail below.
Our Methodology
To determine the 10 biggest lottery companies in the world, we reviewed the global lottery industry and identified key players in the space. We preferred companies that held significant market share and narrowed down our selection to companies based on their product pipelines, business fundamentals, competitive advantages, and other salient features that make them the best-in-class names in the industry. We have ranked these companies according to their market value, from lowest to highest.
10 Biggest Lotteries In The World
10. Lottery.com Inc. (NASDAQ:LTRY)
Market Cap as of November 8: $16.89 Million
Number of Hedge Fund Holders: 7
Lottery.com Inc. (NASDAQ:LTRY) is a technology company that operates a mobile lottery platform. The company enables users to purchase and manage lottery tickets through their mobile devices. The website allows users to purchase tickets for lottery games such as Powerball and Mega Millions. Lottery.com Inc. (NASDAQ:LTRY) also allows users to check lottery results and find out about lottery winners.
Lottery.com Inc. (NASDAQ:LTRY) has a number of competitive advantages in the online lottery space. First, the company has a proprietary technology platform that allows it to offer a secure and convenient online experience for its customers. Second, Lottery.com Inc. (NASDAQ:LTRY) has established partnerships with some of the largest and most reputable lotteries in the world, which gives it a wide selection of lottery products to offer its customers. Third, the company has a strong marketing and branding strategy that has helped it to build a loyal customer base. The company offers instantaneous results and updates on over 800 lottery games from more than 40 countries. As of November 8, Lottery.com Inc. (NASDAQ:LTRY) is valued at $16.89 million on the open market, and with the growth of the online lottery industry, the company is expected to capture further market share. Lottery.com Inc. (NASDAQ:LTRY) is among the biggest lotteries in the world.
Some of the top mid-cap lottery companies that are expected to retain and grow their market share include International Game Technology PLC (NYSE:IGT), Light & Wonder, Inc. (NASDAQ:LNW), and DraftKings Inc. (NASDAQ:DKNG).
9. TransAct Technologies Incorporated (NASDAQ:TACT)
Market Cap as of November 8: $41.13 Million
Number of Hedge Fund Holders: 7
TransAct Technologies Incorporated (NASDAQ:TACT) is a global leader in developing software-driven technology and printing solutions for high-growth markets. The company's solutions are designed to help customers reduce costs, increase efficiencies, and make more informed decisions. TransAct Technologies Incorporated (NASDAQ:TACT) provides products and services that address the needs of customers in the casino & gaming, lottery, and oil & gas industries.
TransAct Technologies Incorporated (NASDAQ:TACT) has a competitive advantage over its competitors because of its thermal printing technology. This technology allows the company to print receipts, tickets, and labels on a variety of different materials, including paper, plastic, and metal. The company's thermal printers are faster and more reliable than other types of printers, and they are less likely to jam. The company's thermal printers are also more energy-efficient than other types of printers, which reduces operating costs.
On August 18, Barrington analyst Christopher Howe revised his price target on TransAct Technologies Incorporated (NASDAQ:TACT) to $12 from $13 and maintained an Outperform rating on the shares. The company has a market cap of $41.13 million, as of November 8, and is poised to grow this figure as the lottery industry booms. TransAct Technologies Incorporated (NASDAQ:TACT) ranks among the biggest lotteries in the world.
As of June 30, 325 Capital owns roughly 1 million shares of TransAct Technologies Incorporated (NASDAQ:TACT) and is the most prominent shareholder in the company. The fund's stakes are valued at $4 million.
Here is what Laughing Water Capital had to say about TransAct Technologies Incorporated (NASDAQ:TACT) in its second-quarter 2022 investor letter:
“Transact, our slot machine printer business that is also developing back-of-house restaurant and convenience store software, has fallen victim to supply chain issues that have slowed its growth. Quite simply, they have been unable to meet customer demand. This is of course frustrating, and it does come with balance sheet implications, but it is not as if this unmet demand is missed opportunity. Rather, it is delayed opportunity because competitors have not been able to meet demand either.
In fact, this delayed opportunity is likely to come with pricing power. My research suggests that on the slot machine printer side – a duopoly market – TACT’s main competitor has been telling customers that it could be 12-18 months before they have product. TACT expects product much sooner, and appears to be in position to decide if they should build relationships with new customers by being accommodative on price, or if they should be a bit more greedy with the expectation that this business may be one time in nature.
Regardless, with time the supply chain issues will resolve themselves, and TACT will continue its march forward. It bears mentioning that the decline in TACT’s stock has shrunk the market cap to a level that we normally would not bother with, and it is possible that selling pressure is tied to the small size. At the same time, at present TACT is trading at 3-4x my estimate of the normalized EBITDA of the slot machine business, which you may remember operates in a unique niche with regulatory protection and only one real competitor.
This gives no value to the restaurant/C-store business, and in my view selling here for structural reasons would make little sense.”
8. Intralot S.A. Integrated Lottery Systems and Services (OTC:IRLTF)
Market Cap as of November 8: $86.88 Million
Number of Hedge Fund Holders: N/A
Intralot S.A. Integrated Lottery Systems and Services (OTC:IRLTF) is a Greek company that provides integrated lottery systems and services to its clients. It is one of the largest lottery companies in the world with clients in over 50 countries. The company offers a complete range of lottery products and services, including lottery software and hardware, and is among the biggest lotteries in the world. As of November 8, Integrated Lottery Systems and Services (OTC:IRLTF) is worth $86.88 million on the open market.
Intralot S.A. Integrated Lottery Systems and Services (OTC:IRLTF) has a competitive advantage because it is a leading provider of integrated lottery systems and services. The company has a strong track record of delivering high-quality products and services to its customers. Intralot S.A. Integrated Lottery Systems and Services (OTC:IRLTF) has a strong customer base and a solid brand reputation. The company has a wide range of products and services including LotosX, LotosXi, INTRALOT Orion, INTRALOT GMS, INTRALOT Gaming License System, and ScannPlay among others. Intralot S.A. Integrated Lottery Systems and Services (OTC:IRLTF) has a strong financial position and holds free cash flows of $73.4 million. The company is well-positioned to compete in the market and hold a dominant share.
7. Inspired Entertainment, Inc. (NASDAQ:INSE)
Market Cap as of November 8: $255.67 Million
Number of Hedge Fund Holders: 21
Inspired Entertainment, Inc. (NASDAQ:INSE) is a global entertainment and technology company that creates and delivers innovative content and experiences for the lottery and gaming industry. The company offers a portfolio of products and services that includes lottery and gaming technology systems, content, and services. Inspired Entertainment, Inc. (NASDAQ:INSE) has a prominent presence in over 30 countries and is one of the biggest lottery companies in the world, worth $255 million, as of November 8.
Inspired Entertainment, Inc. (NASDAQ:INSE) has been making strides in the iLottery space and is expected to grow its market share as the online lottery space experiences strong growth. On January 4, 2022, the company announced the acquisition of Sportech Lotteries, Inc. for $12.5 million. With this acquisition, Inspired Entertainment, Inc. (NASDAQ:INSE) aims to capitalize on the growth opportunities for the iLottery industry in North America.
This July, B. Riley analyst David Bain maintained a Buy rating and his $24 price target on Inspired Entertainment, Inc. (NASDAQ:INSE).
As of June 30, 683 Capital Partners owns 2.2 million shares of Inspired Entertainment, Inc. (NASDAQ:INSE) and is the leading investor in the company. The fund's stakes are valued at $18.9 million.
6. NeoGames S.A. (NASDAQ:NGMS)
Market Cap as of November 8: $438.06 Million
Number of Hedge Fund Holders: 16
NeoGames S.A. (NASDAQ:NGMS) is a leading provider of online gaming solutions. The company's products are used by online gaming operators to offer their customers a variety of games, including casino games, bingo, and lottery games. NeoGames S.A. (NASDAQ:NGMS) has a prominent position in the global lottery industry and is a best-in-class provider of iLottery services. The company is well-positioned to capitalize on the growth opportunities in the iLottery space. As of November 8, the company is valued at $438 million and is one of the biggest lotteries in the world.
On June 28, NeoGames S.A. (NASDAQ:NGMS) announced a strategic collaboration with Intralot do Brasil to offer iLottery services for Loteria Mineira, the official lottery of Minas Gerais, Brazil.
As of June 30, Sunriver Management owns over 1.96 million shares of NeoGames S.A. (NASDAQ:NGMS) and is the largest investor in the company. The fund's stakes are valued at $26.4 million in the company.
In addition to NeoGames S.A. (NASDAQ:NGMS), other companies that can capitalize on the booming iLottery space include International Game Technology PLC (NYSE:IGT), Light & Wonder, Inc. (NASDAQ:LNW), and DraftKings Inc. (NASDAQ:DKNG).
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Disclosure: None. 10 Biggest Lotteries In The World is originally published on Insider Monkey.
