Allwyn SPAC
US Lottery Opportunity
Substantial total US lottery market with $103bn in annual ticket sales¹ and significant scope for growth from both retail and iLottery channels
(current penetration of 6%)
2022E Total US Lottery Market¹ ($bn)
12345
3)
WA
$1.03
4)
5)
OR
$0.44
CA
$9.64
AK
NV
ID
$0.41
7
MT
$0.07
UT
AZ
$1.62
WY
$0.03
CO
$0.86
NM
$0.16
I
I
HI
ND
$0.03
SD
$0.08
NE
$0.24
KS
$0.35
TX
$7.22
OK
$0.26
MN
$0.76
IA
$0.44
MO
$1.75
AR
$0.69
LA
$0.60
WI
$0.82
$3.36
CAMELOT
Source: H2GC, State Lotteries, Company filings.
1) Defined as gross ticket sales for State Lottery lottery style games only (i.e. excludes VLTs / Sportsbetting / Offshore)
Privately operated by IGT Indiana, a wholly-owned subsidiary of IGT
24 2)
Privately operated by North Star New Jersey, a JV between IGT and Scientific Games
MS
$0.50
IN²
OH
$1.92 $3.85
IGT
MI
$7.54
TN
$2.04
AL
KY
$1.42
Private operator model
Retail and iLottery presence
Retail lottery presence only
GA
$5.60
WV
$0.27
SC
¹$2.57
FL
$8.11
PA
$6.33
VA
$3.04
NC
$3.77
ΝΗ
$0.40
NY
$8.43
VT
$0.17,
NORTHSTAR
NEW JERSEY
NJ³
$4.04
DC4
$0.23
DE
$0.24
MD
$2.89
ME
$0.35
ΜΑ
$6.18
RI
$0.32
CT
$1.52
Total US Lottery Market¹ is Estimated to Grow at
a CAGR of 7% from 2019A to 2022E
'19A - '22E
CAGR
% Total
# of
States5
32%
6%
10
18% iLottery
penetration in
states with Retail
and iLottery
presence
$6.1bn
iLottery launched in Dec-20 as a result of emergency rules adopted during the COVID-19 pandemic
10 states include North Dakota, Michigan, Illinois, Kentucky, Pennsylvania, Virginia, North Carolina, Georgia, New Hampshire, Rhodes Island and D.C. (excludes New York, Maine, Maryland which operate under online subscription management model)
2022E Total US
iLottery Market
6%
94%
45
$96.5bn
2022E Total US Retail
Lottery Market
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