Various states around the world use lotteries to raise funds for various public purposes. Lotteries have been used as a means to fund schools, libraries, roads, bridges, and colleges. The lottery was also used to help rebuild the City of Rome. In addition, the Continental Congress used the lottery as a way to finance the Colonial Army.
Today, the global lottery industry is dominated by North America. The United States, Argentina, Brazil, Mexico, and South Africa are some of the countries with active lottery programs. Some states have joined together to form multistate lotteries. These lottery games have huge purses and high odds against winning. In addition, the Chinese government has been pushing for consolidation of the lottery market. In 2012, the lottery industry in China generated $43 billion. It is expected to overtake the United States by 2015.
In North America, the U.S. has the largest lottery industry. In 2012, the lottery industry in the United States generated $71 billion. However, the traditional lottery products have been depleted by government regulations. This has led to a decline in sales. The lottery business in the United States is predicted to see single digit growth during the forecast period.
In Asia Pacific, 70-80 percent of the population buys lottery tickets. The market is mainly driven by the ease of mobile lottery applications. In addition, the use of mobile payment solutions is expected to increase. In some countries, scratch-off tickets are available.
Many lottery players purchase tickets to have a chance to win a prize. A prize can be a lump sum or in installments. In some countries, lottery players may be required to make a deposit before purchasing a ticket. In other countries, tickets can be purchased on a single-use basis. There are also sports lotteries, which allow players to win a chance to play on a team.
The first known European Live Draw HK was held during the Roman Empire. During the Saturnalian revels, wealthy noblemen distributed lottery tickets. Several colonies in the New World also used lotteries during the French and Indian Wars. In the 17th century, lotteries were very common in the Netherlands. In 1755, the Academy Lottery financed the University of Pennsylvania. In 1758, the Commonwealth of Massachusetts raised money with a lottery for an expedition against Canada. The lottery was also used to finance the college of Princeton and Columbia.
The United States has two major national lottery programs. One is the Mega Millions, which has a jackpot of up to US$292 million. The other is the Cash Five, a multistate national lottery. The Mega Millions requires players to select five numbers between 1 and 70. In addition to the jackpot, the prize money is spread over several years.
The global lottery industry is divided into four subsegments: application, type, regions, and medium suppliers. Each of these subsegments has its own set of key players. The top players include Camelot Group, Francaise des Jeux, INTRALOT, and Florida Lottery. The lottery market report provides detailed information on leading players, historical milestones, and regional trends. It also offers volume and price forecasts.