In the evolving global lottery landscape, state-run lotteries and private operators are both vying for dominance. State lotteries, such as Singapore Pools and the UK’s National Lottery, maintain strongholds due to their established trust and contributions to public causes. However, private entities like Allwyn and International Game Technology (IGT) are rapidly expanding, leveraging technological innovations and strategic acquisitions to capture market share. The global lottery market is projected to grow at a CAGR of 5.3%, reaching $483.93 billion by 2030. As digital transformation accelerates, the competition between public and private sectors intensifies, reshaping the future of lottery gaming.