Industry Analysis & Industry Trends
Revenue growth of the Global Horse Betting and Lotteries industry is thriving again as the global recession begins to resolve itself. The industry is sensitive to changes in consumer sentiment as well as household disposable income, as gambling is financed by consumers. There is also competition between some gaming and wagering forms, including online gambling sites.
Industry revenue is estimated at $189.5 billion in 2012, which represents a rise of 2.0% on the prior year, and an annualized rate of 2.0% growth over the past five years driven by Asia, Africa and Latin America. The industry is estimated to comprise nearly 48,000 enterprises, and operates from over 73,000 establishments. It employs nearly 1.69 million people globally, representing a rise of 2.4%... read more
It is estimated by IBISWorld that just over half of total global lottery expenditure is from Europe, with a further 28.7% from North America and 10.4% in North Asia, particularly Japan, and currently from the fastest growing lottery expenditure country, China. Growth regions for lotteries in 2010 were Latin America, Africa, and Asia Pacific, with Europe and North America remaining steady.
Europe and North America
In Europe, in 2005 the top six countries for lottery expenditure were Italy ($15.8 billion), Spain ($14.2 billion) and France ($11.1 billion), Germany ($10.8 billion), UK ($8.7 billion) and Greece ($5.0 billion). These account for $65.6 billion in annual expenditure, or about 70% of the European total... read more