Industry Analysis & Industry Trends
Revenue growth of the Global Gambling and Wagering 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 $435.8 billion in 2011, which represents a rise of 5.0% on the prior year, and an average of 2.5% growth over the past five years driven by Asia, Africa and Latin America. The industry is estimated to comprise about 46,385 enterprises, and operates from about 71,208 establishments or locations. It employs over 1.64 million people globally, representing a rise of 3.0%.. read more
Starting a New Business
The major barrier to entry is in obtaining a license from a National or State Government to operate in any area of gaming within any jurisdiction. In many countries or States and gaming areas, such as lotteries, only one license is issued and quite often it is operated by a government organization. However, in some other States, a single private lottery operator has been appointed, following a tender process.
GTECH, owned by the Italian company Lottomatica, has been licensed to operate lotteries in California. It also supplies technical equipment (i.e... read more