There are concerns over global economic growth due to a potential trade tariff war being instigated by US President Donald Trump.

In light of this, some investors may be looking for defensive ASX 200 shares to buy for their portfolio right now.

If that's you, then it could be worth checking out the share in this article that has been tipped as one to buy and hold.

Which ASX 200 share?

The share in question is Lottery Corporation Ltd (ASX: TLC). It provides gaming and lottery services in Australia through The Lott and Keno brands.

It was founded almost 150 years ago, which demonstrates just how defensive its business is. The company has operated through world wars, pandemics, stock market crashes, and countless other major events.

Clearly, the temptation to strike it rich with lottery tickets is not going away any time soon, putting this ASX 200 share in a strong position to benefit for many years to come.

Should you invest?

The team at Ord Minnett is positive on the company and was pleased with its first half results last month. The broker said:

The Lottery Corp recently posted first-half FY25 earnings that matched market expectations. The highlight of the result was full-year cost guidance that flagged a meaningful fall on a year ago.

And while it acknowledges that the second half will be softer year on year due to a particularly strong six months in the prior corresponding period, the broker is confident on its prospects in FY 2026. It adds:

The second half will see lottery revenue under pressure given the business will be cycling its strongest half-year period ever, but growth should return in FY26.

In light of this, Ord Minnett sees Lottery Corp as a quality ASX 200 share that investors should hold onto for the long term. It concludes:

We view Lottery Corp at its current share price levels as a quality stock to put in your bottom drawer and wait for growth. This leads us to reiterate our Buy recommendation on the stock and our target price of $5.70.

As mentioned above, Ord Minnett has a buy rating and $5.70 price target on its shares. Based on its current share price of $4.81, this implies potential upside of almost 19% for investors over the next 12 months.

In addition, a fully franked dividend yield in the region of 3.5% is expected over the next 12 months. This boosts the total potential return to approximately 22%.

To put that into context, if Ord Minnett is on the money with its recommendation, a $10,000 investment would turn into over $12,000 by this time next year. Here's hoping this is the case!