The Gambling and Betting Activities industry has expanded over the past five years despite weak growth of disposable incomes and increases in taxes and regulations. The period has been characterised by the large-scale uptake of retail-based gaming machines and remote gambling. Retail-gaming machines have proved to be particularly lucrative, although those that have been slow in transitioning to a more digital model of business have fallen behind. IBISWorld expects industry revenue to increase at a compound annual rate of 2.8% over the five years through 2015-16, reaching £9.1 billion. Revenue is expected to rise by 2.3% during 2015-16.
This industry includes companies that operate casinos, bingo halls, betting shops, video gaming terminals, gambling websites and lotteries. Industry revenue is measured as net revenue, or the difference between the amount wagered by customers and the amount paid out to them for wins and cancellations on bets.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.