Lotteries & Native American Casinos in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: March 2024
NAICS 71329Revenue
$198.9bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
52,555
Businesses
2,082
Wages
$X.Xbn
Lotteries & Native American Casinos in the US industry analysis
Native American casinos refers to gambling facilities, not including casino hotels or hotels that provide gambling services. Lotteries, gambling and wagering represent luxury expenditures to most consumers, with the level of gambling primarily driven by the state of the economy. In periods of economic growth, lotteries and Native American casinos benefit from low unemployment levels, which drive growth in per capita disposable income. In contrast, recessionary periods cause the majority of consumers to opt against gambling in favor of reducing discretionary spending. Over the last few years, industry revenue grew at a CAGR of 5.5% to $198.9 billion, including an expected 3.3% rise in 2024.
Trends and Insights
- Pent-up demand propelled industry recovery. Consumers who had cut back on discretionary spending during the pandemic helped boost industry growth.
- Strong consumer demand for traditional lotteries has offset larger pandemic losses. Consumers' propensity toward simple lottery games sustains the product segment.
- Large population centers are a boon for the industry. In regions with larger population concentration, industry establishments benefit from wider exposure and increased contact with a diverse range of customers.
- A continuous push for high-quality customer service encourages competition. Since many of the gambling and lottery facility operators are small and localized, good customer service ensures a competitive edge and makes the facility more attractive to customers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 5.5 % over the past five years, to reach an estimated $198.9bn in 2024.
Trends and Insights
Volatile economic conditions during the pandemic highlight importance of stability
- Since the industry relies heavily on strong consumer confidence and steady travel activity, the pandemic notably dampened growth for the industry, as consumers cut back on discretionary spending.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Growth will decelerate in the next few years
- As consumer activity continues to return to prepandemic levels, revenue from Native American casinos and lotteries will keep growing.
Biggest companies in the Lotteries & Native American Casinos in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
The Florida Lottery | 10,201.3 | 2,507.8 | 24.6 | |
New York State Lottery | 9,653.2 | 3,382.8 | 35.0 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Traditional lotteries, Native American gaming facilities and Other (pari-mutuels, bingo, charity games and card rooms). Traditional lotteries is the largest segment of the Lotteries & Native American Casinos in the US.
Trends and Insights
The COVID-19 pandemic dampened demand for traditional lotteries
- This product segment generates revenue from the sale of lottery tickets, lotto-style games and additional games such as spiel and keno.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Racing & Individual Sports in the US
- Arcade, Food & Entertainment Complexes in the US
- Non-Hotel Casinos in the US
- Golf Driving Ranges & Family Fun Centers in the US
- Casino Hotels in the US
Complementors
- There are no industries to display.
International industries
- Global Casinos & Online Gambling
- Global Sports Betting & Lotteries
- Gambling in Canada
- Lotteries in Australia
- Casinos in Australia
Table of Contents
About this industry
Industry definition
This industry comprises Native American casinos and other establishments primarily engaged in operating gambling facilities, except US casinos or casino hotels, or providing gambling services like lotteries.
What's included in this industry?
Traditional lotteriesNative American gambling facilitiesPari-mutuels, bingo, charity games and card roomsGambling machinesCompanies
The Florida LotteryNew York State LotteryPurchase this report to view all 2 major companies in this industry.
Related Terms
PARI-MUTUELJURISDICTIONINSTANT GRATIFICATIONTICKET-IN, TICKET-OUT (TITO)RACINOVIDEO LOTTERIESPUNTERIndustry Code
NAICS 71329 - Lotteries & Native American Casinos in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Pent-up demand propelled industry recovery. Consumers who had cut back on discretionary spending during the pandemic helped boost industry growth.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Strong consumer demand for traditional lotteries has offset larger pandemic losses. Consumers' propensity toward simple lottery games sustains the product segment.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Large population centers are a boon for the industry. In regions with larger population concentration, industry establishments benefit from wider exposure and increased conta...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
A continuous push for high-quality customer service encourages competition. Since many of the gambling and lottery facility operators are small and localized, good customer s...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Two companies own more than a 5.0% share of the market. For Florida Lottery and New York Lottery, access to large population centers and broad popularity of traditional lotte...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of The Florida Lottery's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of New York State Lottery 's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for The Florida Lottery, and factors influencing its performance in the industry
- Description and key data for New York State Lottery , and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Travel is a good barometer of consumer activity. For industry establishments looking to expand their customer base, gauging travel activity helps measure consumer sentiment a...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Economic sentiment influences profitability. If economic conditions were to deteriorate, customers would be less likely to purchase lottery tickets due to dampened consumer c...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Lotteries & Native American Casinos in the US industry in United States in 2024?
The market size of the Lotteries & Native American Casinos in the US industry in United States is $198.9bn in 2024.
How many businesses are there in the Lotteries & Native American Casinos in the US industry in 2024?
There are 2,082 businesses in the Lotteries & Native American Casinos in the US industry in United States, which has grown at a CAGR of 3.4 % between 2019 and 2024.
Has the Lotteries & Native American Casinos in the US industry in United States grown or declined over the past 5 years?
The market size of the Lotteries & Native American Casinos in the US industry in United States has been growing at a CAGR of 5.5 % between 2019 and 2024.
What is the forecast growth of the Lotteries & Native American Casinos in the US industry in United States over the next 5 years?
Over the next five years, the Lotteries & Native American Casinos in the US industry in United States is expected to grow.
What are the biggest companies in the Lotteries & Native American Casinos in the US market in United States?
The biggest companies operating in the Lotteries & Native American Casinos market in United States are The Florida Lottery and New York State Lottery
What does the Lotteries & Native American Casinos in the US in United States include?
Traditional lotteries and Native American gambling facilities are part of the Lotteries & Native American Casinos in the US industry.
Which companies have the highest market share in the Lotteries & Native American Casinos in the US in United States?
The company holding the most market share in United States is The Florida Lottery.
How competitive is the Lotteries & Native American Casinos in the US industry in United States?
The level of competition is high and increasing in the Lotteries & Native American Casinos in the US industry in United States.
