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Lotteries & Native American Casinos in the US - Industry Market Research Report

Lotteries & Native American Casinos in the US - Industry Market Research Report

  • March 2020
  • 35 pages
  • ID: 500790
  • Format: PDF
  • Ibisworld

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Roll the dice: The industry is expected to perform well as growth in overall consumer spending remains steady

Abstract

Lotteries & Native American Casinos in the US
The Lotteries and Native American Casinos industry consists of companies engaged in operating gambling facilities, except casinos or casino hotels, or providing gambling services. Gambling and wagering represent a luxury purchase to most consumers; therefore, the industry is primarily driven by the state of the economy. As the economy has expanded over the five years to 2019 amid broad economic improvements, consumers returned to treating themselves to luxuries, such as lottery tickets and trips to casinos. Furthermore, the industry has a diverse range of segments, all at different stages in their life cycles and with different growth rates. For example, the traditional lotteries segment has experienced strong growth over the past five years. Overall, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise. The industry is is forecast to perform relatively well over the next five years as growth in consumer spending remains steady.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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