Global Sports Betting & Lotteries - Industry Market Research Report

  • ID: 3941512
  • Report
  • Region: Global
  • 31 pages
  • IBISWorld
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Place your bets: An improved global economy and an increase in discretionary spending have benefited the industry

Global Sports Betting & Lotteries

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. Lotteries account for more than half the industry's revenue and are still popular among a large percentage of the population. Like most industry segments, growth in lottery revenue is strongest in Asia. Over the next five years, growth is expected to be driven by emerging economies, as rising per capita income spurs voracious consumer demand. Efforts to stamp out illegal gambling activities will intensify as governments and gambling agencies seek to capture revenue via legal avenues. Online gambling will become a far more prominent aspect of the industry as technology improves and internet penetration and smartphone ownership rates increase.

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.

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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ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
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