Hot streak: Increased consumer spending will support steady industry revenue growth

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. Over the next five years, the industry is expected to perform well 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...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • The industry is expected to perform well as growth in consumer spending remains steady
  • Government regulations, high taxation and competition represent barriers to industry growth
  • High competition across the gambling sector will likely restrain growth in profitability
  • Industry Report - Industry Locations Chapter

    The industry is highly concentrated in the West (including Nevada and California), comprising 20.9% of industry revenue. The Southwest region accounts for 11.6% of revenue, while the Southeast region houses 26.1% of industry establishments. This is largely due to legislative and regulatory reasons, particularly licensing provisions that have allowed this industry to develop and expand in these states. According to the most recent American Gaming Association data, the top US casino markets are Las Vegas ($5.6 billion), Atlantic City, NJ ($3.9 billion), Chicago ($2.1 billion), Connecticut ($1.5 billion) and Detroit ($1.3 billion). The largest states by revenue in this industry are California (7.0%), Nevada (8.0%), and Louisiana (8.1%)...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    New York State Lottery, The Florida Lottery,
  • Table: New York State Lottery - financial performance
  • Table: The Florida Lottery - financial performance

  • 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
    Table: Industry Data for the Lotteries & Native American Casinos Industry
  • 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
    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, which enables the lottery jurisdiction to monitor game play and collect its share of revenue.
  • What Our Customers Say

    Why buy this report?

    The Lotteries & Native American Casinos industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
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    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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