Upping the ante: Online gambling will present a new opportunity for industry operators

The Gambling industry has struggled over the past five years due to an overall reduced demand for gambling. Canada is not the only country experiencing a slowdown in gambling; spending on games of chance has declined throughout the western world over the past five years, following a sustained period of rapid growth. Furthermore, rising competition from new casinos and other gambling establishments in the United States has hurt the industry. The Gambling industry will face an uphill battle over the next five years. Per capita household income is expected to increase...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Changing consumer preferences and competition from alternative forms of entertainment have pressured casinos
  • Gambling establishments have become less dependent on labour and more capital intensive
  • The growing popularity of online gambling will limit establishment growth
  • Industry Report - Industry Investment Chapter

    The Gambling industry in Canada has a moderate level of capital intensity. For every $1.00 the average operator spends on wages, it will spend $0.24 on the use and replacement of buildings and equipment. This industry, particularly within its lottery and electronic gaming machine components, requires large investments in technology and IT infrastructure, including provision of terminals to agents for online sales. In response to industry trends and consumer preferences, operators also regularly upgrade or modify their electronic gaming equipment to feature the latest features and machines. Over the past five years, capital intensity declined slightly; in 2013, for every $1.00 spent on wages, industry operators spent an estimated $0.28 on capital investment. In ...purchase to read more.

    Additional Insights for the Gambling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gambling Industry are

  • Must comply with government regulations
  • Effective product promotion
  • Ability to effectively manage risk
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Consumer Confidence Index in the Gambling industry impact industry performance..

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    What's in this report

    What is the Gambling Industry?

    This industry provides short term lodging in hotel facilities that have a casino on the premises. The casino operations may include table-wagering games and other gambling activities, such as slot machines and sports betting. These establishments may offer a range of services and amenities, such as food, beverages, entertainment, valet parking, swimming pools and conference and convention facilities.

    Industry Products
  • Casino gambling, table games
  • Casino gambling
  • Electronic Gambling Machines (EGMs)
  • Lottery
  • Horse Racing
  • Bingo
  • Raffles
  • Industry Activities
  • Operating casinos
  • Operating bingo parlors
  • Operating electronic gaming machines
  • Operating internet gaming sites
  • Operating lotteries
  • Operating charitable raffles
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Consumer Confidence Index
  • Inbound international travel
  • Canadian effective exchange rate index
  • Leisure time

  • Current Performance
  • Industry structure
  • Online gambling
  • Wages
  • Chart: Revenue Growth

  • Industry Outlook
  • Online gambling grows
  • Economic growth supports gambling
  • Wages
  • Table: Gambling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gambling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Beer, Wine & Spirits Wholesaling in Canada
  • Computer & Packaged Software Wholesaling in Canada
  • Concert & Event Promotion in Canada
  • Retail Trade In Canada
  • TV Broadcasting in Canada

  • Products & Services
  • Casino gambling
  • Electronic Gambling Machines (EGMs)
  • Lottery
  • Casino gambling, table games
  • Bingo
  • Raffles
  • Other
  • Horse Racing
  • Chart: Gambling Industry Products and Services Segmentation

  • Demand Determinants
  • Consumer drivers
  • Population catchment and competition
  • Regulation

  • Major Markets
  • Highest quintile of incomes
  • Middle quintile of incomes
  • Fourth quintile of incomes
  • Second quintile of incomes
  • Lowest quintile of incomes
  • Chart: Major Market Segmentation for the Gambling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesDepreciationRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Gambling

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gambling Industry

  • Industry Globalization
    Ontario Lottery and Gaming Corp., Loto-Quebec, British Columbia Lottery Corp.,
  • Table: Ontario Lottery and Gaming Corp. - financial performance
  • Table: Loto-Quebec - financial performance
  • Table: British Columbia Lottery Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gambling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gambling Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The area from which a city or individual service attracts visitors or customers.
  • Pari-Mutuel Wagering
  • A betting system in which all bets of a particular type are placed together in a pool and payoff odds are calculated by sharing the pool among all winning bets.
  • Slot Machine
  • Any mechanical or electronic device in which outcomes are determined by a random-number generator located inside the terminal.
  • Table Game
  • A category of games that includes roulette or card games such as poker.
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    Why buy this report?

    IBISWorld’s Gambling market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gambling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gambling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gambling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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