Winning big: An improving economy will boost industry revenue growth

The Non-Hotel Casinos industry has been dealt a mixed hand over the past five years, as a range of factors, including increased competition and changing consumer preferences away from gambling, have curbed casino spending. Gambling revenue performed well during the five-year period to 2018, as the unemployment rate improved and consumers began spending and traveling again. Tourism trends greatly affect casino revenue, as consumers are more likely to spend their income on gambling while on vacation or a weekend getaway. Growing domestic travel and international arrivals into the United States benefited the industry as the global economy improved over the past five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
94,576
Businesses
346

Industry Threats & Opportunities

  • Growing domestic travel and international arrivals into the United States benefited the industry as the global economy improved
  • Internet casinos expanded their share of the gambling market
  • The industry relies on a healthy economy and growing consumer spending
  • Industry Report - Starting a New Business Chapter

    The industry has moderate barriers to entry, primarily in the form of initial capital investment and regulations. There are significant construction costs associated with establishing a casino and its other support facilities. For example, a riverboat casino can cost up to $150.0 million to construct and outfit.Casinos operate in a very strict legislative and regulatory environment. However, some states have decided through referenda not to have them due to concerns about problem gamblers and other potential social affects. In the states that allow them, casinos are regulated by legislated bodies that have wide-ranging and arbitrary powers to regulate casino operations and licensing requirements to restrict the number and location of casinos. Ent...purchase to read more.

    Additional Insights for the Non-Hotel Casinos Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Non-Hotel Casinos Industry are

  • Must comply with government regulations
  • Effective product promotion
  • Ability to effectively manage risk
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Consumer spending in the Non-Hotel Casinos industry impact industry performance..

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    What's in this report

    What is the Non-Hotel Casinos Industry?

    This industry consists of gambling facilities that offer table wagering games and other gambling activities, such as slot machines and sports betting. These establishments often provide food and beverage services. The industry also includes floating casinos (i.e. gambling cruises and riverboat casinos). Native American casinos (IBISWorld report 71329) and casinos that operate in conjunction with a hotel (72112) are not included in this industry.

    Industry Products
  • On-premises gaming (riverboat and barge casinos)
  • Off-track betting (riverboat and barge casinos)
  • Food and non-alcoholic beverages (riverboat and barge casinos)
  • Alcoholic beverages (riverboat and barge casinos)
  • Arcades and video games (riverboat and barge casinos)
  • Cruise casinos
  • Industry Activities
  • Operating gambling facilities
  • Operating floating casinos
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Consumer spending
  • Time spent on leisure and sports
  • Inbound trips by non-US residents

  • Current Performance
  • New casino openings
  • Internet gambling grows
  • Capital intensity rises
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving economy
  • Competition to cannibalize existing operators
  • Profit margins shackled
  • Table: Non-Hotel Casinos Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Non-Hotel Casinos Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Fruit & Vegetable Wholesaling
  • Musical Groups & Artists
  • Wine & Spirits Wholesaling

  • Products & Services
  • On-premises gaming (riverboat and barge casinos)
  • Off-track betting (riverboat and barge casinos)
  • Cruise casinos
  • Food and non-alcoholic beverages (riverboat and barge casinos)
  • Alcoholic beverages (riverboat and barge casinos)
  • Arcades and video games (riverboat and barge casinos)
  • Chart: Non-Hotel Casinos Industry Products and Services Segmentation

  • Demand Determinants
  • Tourism
  • Regulation

  • Major Markets
  • Household income more than $150,000
  • Household income $60,000 to $99,000
  • Household income $35,000 to $60,000
  • Household income $100,000 to $149,000
  • Household income less than $35,000
  • Chart: Major Market Segmentation for the Non-Hotel Casinos Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Taxes and fees
  • Marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Non-Hotel Casinos

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Non-Hotel Casinos Industry

  • Industry Globalization
    Penn National Gaming Inc., Caesars Entertainment Corporation,
  • Table: Penn National Gaming Inc. - financial performance
  • Table: Caesars Entertainment Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Non-Hotel 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 Non-Hotel Casinos Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Catchment
  • The area from which a city or individual service attracts visitors or customers.
  • Racino
  • A hybrid of a pari-mutuel venue (horse track, dog track or jai alai court) and a casino. Typically, the "casino" at a racino offers only slot machine games.
  • Slot Machine
  • Any mechanical or electronic device in which outcomes are determined by a random-number generator located inside the terminal.
  • Table Game
  • A category of games that includes roulette or card games such as poker.
  • Ticket-In, Ticket-Out (Tito)
  • The use of cards with credits rather than cash for slot machine play.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Non-Hotel Casinos is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 Non-Hotel 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 Non-Hotel 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 Non-Hotel Casinos, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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