Lotteries & Native American Casinos in the US
As the economy began to pick up speed during the early half of the five-year period, consumers returned to treating themselves to luxuries, such as lottery tickets and trips to casinos. As a result of the turnarounds in consumer confidence and spending, Lotteries and Native American Casinos industry revenue is expected to grow over the five years to 2018. The industry has a diverse range of segments, all at different stages in their life cycles and with different growth rates. The horse-racing segment has been on a rapid decline for the past few decades; thoroughbred-racing attendance has consistently declined, as well as the amount of money being bet at racetracks. This reduced the amount of pari-mutuel wagering (i.e. pooled games of chance) made at Native American casinos and off-track betting centers.Even so, IBISWorld expects the industry to perform well over the next five years to 2023 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.
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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