Lotteries and Bookmaking Operations in New Zealand - Industry Market Research Report
Description
Lotteries and Bookmaking Operations in New Zealand
The Lotteries and Bookmaking Operations industry has marginally grown over the past five years. The COVID-19 pandemic caused significant disruptions to industry operations, as both TAB and lottery retail outlets were forced to close during lockdown periods. Lockdown restrictions also led to the local racing industry shutting down in late 2019-20 and early 2021-22, restricting the product offerings of TAB NZ. However, industry operators' online and digital channels continued to operate, limiting revenue declines during the pandemic. Moreover, growth in household discretionary income and per capita gambling expenditure has further offset the impact of the pandemic. Overall, industry revenue is expected to rise at an annualised 0.6% over the five years through 2022-23, to $4.0 billion. This includes an anticipated fall of 0.9% in the current year, as increased cost-of-living pressures reduce demand for industry services.
Industry firms primarily operate lotteries or retail lottery products and provide gambling services such as totalisator or other betting services. Firms may provide these services via digital channels such as online and mobile platforms. This industry is reported year ending June.
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.
The Lotteries and Bookmaking Operations industry has marginally grown over the past five years. The COVID-19 pandemic caused significant disruptions to industry operations, as both TAB and lottery retail outlets were forced to close during lockdown periods. Lockdown restrictions also led to the local racing industry shutting down in late 2019-20 and early 2021-22, restricting the product offerings of TAB NZ. However, industry operators' online and digital channels continued to operate, limiting revenue declines during the pandemic. Moreover, growth in household discretionary income and per capita gambling expenditure has further offset the impact of the pandemic. Overall, industry revenue is expected to rise at an annualised 0.6% over the five years through 2022-23, to $4.0 billion. This includes an anticipated fall of 0.9% in the current year, as increased cost-of-living pressures reduce demand for industry services.
Industry firms primarily operate lotteries or retail lottery products and provide gambling services such as totalisator or other betting services. Firms may provide these services via digital channels such as online and mobile platforms. This industry is reported year ending June.
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.
Table of Contents
40 Pages
- TABLE OF CONTENTS
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
Search Inside Report
Pricing
Currency Rates
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