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COMPANY BENCHMARKING • UNITED STATES

New York State Lottery - Enterprise Profile

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New York State Lottery - Overview

Description
New York State Lottery is a private company with an estimated 330 employees. In the US, the company has a notable market share in at least two industries: Arts, Entertainment and Recreation, Lotteries & Native American Casinos and Arts, Entertainment and Recreation. Their largest market share is in the Lotteries & Native American Casinos industry, where they account for an estimated 5.5% of total industry revenue.
Company Details

Registered Name: New York State Lottery

Company Type: Other

Employees: 330

New York State Lottery - Operating Industries and Main Competitors

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New York State Lottery - Products and Services

  • Lotteries & Native American Casinos in the US

  • Of the 4 core revenue-generating products and services in the Lotteries & Native American Casinos in the US industry, New York State Lottery offers:
    • Gambling machines
    • Other (pari-mutuels, bingo, charity games and card rooms)
    • Traditional lotteries
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New York State Lottery - Analyst Insights

Recessions may benefit gaming industry if not caused by a pandemic

New York State Lottery sales and net win declined from $9.7 billion in 2019 to $8.6 billion in 2020. This sharp decline stands in stark contract to the years after the 2008 financial crisis, when sales and net win increased every year from 2007 to 2014. Recessions and unemployment may encourage more gambling due to less time spent at work, desperation and depression. Traditional lottery sales remained essentially the same from 2019 to 2020. However, credits played in video lottery gambling, generated from racetracks, fell by 56.7%.

COVID


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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New York State Lottery - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on New York State Lottery 's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Arts, Entertainment and Recreation in the US, and Lotteries & Native American Casinos in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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