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
Industry SWOT Analysis
The Global Sports Betting and Lotteries industry is in the mature phase of its life cycle. Industry value-added (IVA), or the industry's overall contribution to the economy, is forecast to grow at an average annual rate of 2.7% over the 10 years to 2020. This rate is slower than global gross domestic product (GDP), which is expected to increase at an average of 3.4% per year over the same period. The main reason for this trend has been the declining role that labor plays in the industry, meaning wages are declining as a share of industry revenue.
Despite the industry's mature phase, different segments and regions are growing at different rates... read more