Place your bets: An improved global economy and an increase in discretionary spending have benefited the industry

The Global Sports Betting and Lotteries industry has performed well over the past five years as the global economy improved and consumers have picked up their discretionary spending. Progress has been led by developing economies, such as Asia and South America, where growth has comfortably outpaced developed economies in North America and Europe, where the industry has reached maturity. Over the five years to 2017, industry revenue is expected to grow. The industry is highly fragmented, as tight regulatory barriers restrict global players from operating across multiple jurisdictions. Most lotteries are run at the state or national level to raise revenue as an alternative to taxes...purchase to read more.

Industry Statistics & Market Size
Revenue
$210bn
Annual Growth 12-17
0.6%
Forecast Growth 17-22
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Profit
x.x%lock
Employment
252,787
Businesses
48,379
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry is highly fragmented, as regulatory barriers restrict global players from operating across multiple jurisdictions
  • The biggest share of industry revenue is earned through sports betting
  • Slower anticipated demand for lotteries in China may threaten industry growth

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    Industry Report - Industry Investment Chapter

    The Global Sports Betting and Lotteries industry is subject to a high level of capital intensity. For every $1.00 spent on wages, industry operators spend an estimated $0.53 on the use and replacement of capital. The industry requires a large and increasing level of technological equipment, including provision of terminals to agents for online sales. In the past five years, labor functions have continued to turn automated, which has caused wages as a share of revenue to decline. However, the industry still involves a high degree of direct labor input in areas such as management and administration, provision of services to agents and in marketing and promotion. This is especially the case for gambling organizations running games that require attendants to run proceedings. Nev...purchase to read more.

    Additional Insights for the Global Sports Betting & Lotteries Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Sports Betting & Lotteries Industry are

  • Must comply with government regulations
  • Development of new products
  • Control of distribution arrangements

    • IBISWorld analysts also discuss how external factors such as Global per capita income and External competition for the Global Casinos and Online Gambling industry in the Global Sports Betting & Lotteries industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Global Sports Betting & Lotteries Industry?

    Operators in this industry offer legal gambling on lotteries, including draw lotteries, Lotto, Keno and scratch tickets, as well as wagering on official sporting events, including horse racing. The industry also includes noncasino video machines.

    Industry Products
  • Lotteries - including lotto and instant scratch tickets
  • Sports betting
  • Keno and VLTs
  • Bingo etc.
    • Industry Activities
  • Offering horse racing betting
  • Offering greyhound racing betting
  • Offering live sports betting
  • Operating draw lotteries
  • Operating ticket lotteries
  • Lotto operation
  • Administering instant (scratch) tickets
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Global per capita income
  • External competition for the Global Casinos and Online Gambling industry
  • Global consumer sentiment index
  • Global consumer spending

    • Current Performance
    Economic trendsStructureWage costs slow down
  • Chart: Revenue Growth

    • Industry Outlook
    Lotteries remain a constantTechnology improves
  • Table: Global Sports Betting & Lotteries Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Sports Betting & Lotteries Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Global Consumers

    • Key Selling Industries
  • Global Business Software
  • Global Computer Hardware Manufacturing
  • Global TV & Radio Broadcasting

    • Products & Services
  • Sports betting
  • Lotteries - including lotto and instant scratch tickets
  • Keno and VLTs
  • Bingo etc.
  • Chart: Global Sports Betting & Lotteries Industry Products and Services Segmentation

    • Demand Determinants
  • Regulation
  • Consumer drivers
  • Internet penetration

    • Major Markets
  • Consumers aged to 44 years
  • Consumers aged 55 and over
  • Consumers aged 45 to 54 years
  • Chart: Major Market Segmentation for the Global Sports Betting & Lotteries Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Retailer commissions
  • Marketing
  • Technology services
  • Wages
  • Chart: Cost Structure Benchmarking – Sector vs Global Sports Betting & Lotteries

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Sports Betting & Lotteries Industry

    • Industry Globalization

    Major Companies

    There are no major players in this industry. This report includes analysis of other companies.

    Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Global Sports Betting & Lotteries Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Global Sports Betting & Lotteries Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Global consumer spending (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Draw Or Jackpot Lotteries
  • Lottery draws in which numbered balls are drawn at random from a barrel.
    • Gross Gambling Yield/Net Income
  • Amount spent on gambling activities minus prize money (i.e. revenue retained by industry after gambling activities.) This is how IBISWorld measures industry revenue in this report.
    • Gross Revenue/Sales
  • Amount spent on gambling activities without subtracting prize money.
    • Pari-Mutuel Wagering
  • Horse or dog racing gambling.
    • Punter
  • An informal name for a person who gambles or places a bet
    • Racino
  • Venues that feature both a racetrack and casino.
    • Scratchies
  • Instant scratch panel lottery, which reveals whether the purchaser is an instant prize winner.
    • Wla
  • World Lottery Association.
    • What Our Customers Say
    Why buy this report?

    The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Sports Betting & Lotteries global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Sports Betting & Lotteries:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Sports Betting & Lotteries market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Sports Betting & Lotteries, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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