EILERS: U.S. Lottery Tracker - 1Q25

In 2Q26, total U.S. lottery sales increased +1% y/y and +1% q/q to $26.4 billion across the 46 U.S. jurisdictions we track in our report. Instant Tickets sales increased +1% y/y and +1% q/q to $19.0 billion with growth driven by iLottery sales. Retail Instant Ticket sales declined -1% y/y but increased +1% q/q, which was modestly ahead of the average trend of relative stable sales q/q in 2Q. Draw game wagers increased by +1% y/y and +2% q/q to $7.4 billion. See the report for results and commentary for the full year as well as analysis by main product type and our CY26 forecast.

1Q26 iLottery gross sales (wagers) increased +15% y/y but declined -2% q/q to $3.6 billion. The annual increase was driven by eInstant and Draw growth across most markets and new market contributions. GGR benefited from wager growth on an annual basis and was impacted by a combination of wager declines and an unfavorable product mix on a sequential basis. See the report for commentary on nationwide trends, analysis by jurisdiction, market share by platform provider, a legislative update regarding new potential jurisdictions, and our CY26 forecast.

1Q26 U.S. Lottery tracker, with total sales flat y/y at $26.5 billion, as iLottery strength offset declining retail Instant Ticket sales and weaker multi-state jackpot activity.