Industry Analysis & Industry Trends
The Global Sports Betting and Lotteries industry has strongly recovered from the recession, as consumers have picked up their discretionary spending. Over the five years to 2019, growth will be driven by emerging economies, as regulatory barriers are reduced and rising per capita income spurs voracious consumer demand. Efforts to stamp out illegal gambling activities will intensify as governments and gambling agencies seek to capture revenue via legal avenues. Online gambling will become a far more prominent aspect of the industry as technology improves and internet penetration and smartphone ownership rates increase... read more
Starting a New Business
The major barrier to entry is obtaining a license from a national or state government to operate in any area of gaming within any jurisdiction. In many countries or states, only one license is issued to operate a lottery and quite often it is operated by a government organization. However, in some other jurisdictions, 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