Overview

Hot streak: Increased discretionary spending by consumers will propel the industry

IBISWorld’s industry research report on Lotteries & Native American Casinos provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry has a diverse range of segments, all at different stages in their life cycle and with different growth rates
  • Barriers to industry growth include government regulations, high taxation and competition
  • High competition across the gambling sector will likely restrain growth in profitability
  • Industry Analysis & Industry Trends

    Gambling and wagering represents a luxury purchase to most consumers, and therefore, the Lotteries and Native American Casinos industry is primarily driven by the state of the economy. As the economy began to pick up speed over the early half of the five-year period, consumers returned to treating themselves to luxuries, such as lottery tickets and trips to casinos. IBISWorld expects the industry to perform well over the next five years as growth in overall consumer spending remains steady. Gambling has become an accepted part of US culture and is increasingly popular, especially among important demographics like millennials.

    Industry Report - Industry Analysis Chapter

    The Lotteries and Native American Casinos industry has hit the jackpot over the past five years, experiencing steady growth since 2012. Consumers have increased spending on discretionary items as the unemployment rate has slowly declined and incomes have risen. As a result, spending on small luxuries, such as lottery tickets and trips to casinos, has picked up, causing industry revenue to grow at an annualized rate of 1.8% over the five years to 2017. However, it has not been all smooth sailing for the industry, as lottery and Native American casino operators have faced increasing competition from other wagering and gaming industries, particularly from the Casino Hotels and Non-Hotel Casino industries. As

    Additional Insights for the Lotteries & Native American Casinos Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Lotteries & Native American Casinos Industry are

  • Must comply with government regulations
  • Development of new products
  • Control of distribution arrangements
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Consumer spending in the Lotteries & Native American Casinos industry impact industry performance..

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    Industry Products

    What is the Lotteries & Native American Casinos Industry?

    This industry comprises establishments primarily engaged in operating gambling facilities (except casinos or casino hotels) or providing gambling services (such as lotteries).

    Industry Products
    Traditional lotteries
    Native American gaming facilities
    Other (pari-mutuels, bingo, charity games and card rooms)
    Gambling machines
    Industry Activities
    Bingo, off-track betting or slot machine parlors
    Bookmakers
    Card rooms (i.e. poker rooms)
    Coin-operated gambling device concession operators (i.e. supplying and servicing in others' facilities)
    Lottery ticket sales agents (except stores)
    Native American casinos

    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
  • Consumer Confidence Index
  • Consumer spending
  • Domestic trips by US residents
  • Inbound trips by non-US residents

  • Current Performance
  • Industry structure
  • Other challenges
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition continues
  • Segment performance varies
  • Table: Lotteries & Native American Casinos Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Lotteries & Native American Casinos Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • Retail Trade
  • Television Broadcasting

  • Products & Services
  • Traditional lotteries
  • Native American gaming facilities
  • Other (pari-mutuels, bingo, charity games and card rooms)
  • Gambling machines
  • Chart: Lotteries & Native American Casinos Industry Products and Services Segmentation

  • Demand Determinants
  • Consumer drivers
  • Population catchment
  • Regulation

  • Major Markets
  • Ages 65 or older
  • Ages 55-64
  • Ages 45-54
  • Ages 35-44
  • Ages 25-34
  • Ages 18-24
  • Chart: Major Market Segmentation for the Lotteries & Native American Casinos Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationMarketing and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Lotteries & Native American Casinos

  • Basis of Competition
    TaxesInstant gratificationExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Lotteries & Native American Casinos Industry

  • Industry Globalization
    Major Companies
    New York State Lottery The Florida Lottery
  • Table: New York State Lottery - financial performance
  • Table: The Florida Lottery - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Lotteries & Native American Casinos 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 Lotteries & Native American Casinos Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Instant Gratification
  • Purchase or playing of a gambling product that allows the purchaser to know in a short time period whether they won. This category includes instant scratcher lottery tickets.
  • Jurisdiction
  • Official government geographic boundary, such as state borders or city limits.
  • Pari-Mutuel
  • A betting pool in which those who bet on competitors finishing in the first three places share the total amount bet minus a percentage for the management.
  • Punter
  • An informal name for a person who gambles or places a bet
  • Racino
  • A casino located at a racetrack.
  • Ticket-In, Ticket-Out (Tito)
  • The use of cards with credits rather than cash for slot machine play.
  • Video Lotteries
  • An electronic game of chance connected to a centralized computer system. That allows the lottery jurisdiction to monitor game play and collect its share of revenue.
  • Why buy this report?

    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 Lotteries & Native American Casinos:
    • 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 Lotteries & Native American Casinos 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 Lotteries & Native American Casinos, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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