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. IBISWorld expects the industry to perform well over the next five years 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. As of 2017, legal casinos are operating in half of the nation's states, while several states have legalized casino-like slot machine venues to win back consumers' interest.
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.