Target Industry: Gambling/Gaming

The US gambling (gaming) industry consists of nearly 500 commercial casinos and 160 major Indian casinos, with combined annual revenue close to $75 billion.

The following corporations operate large casino businesses: MGM Mirage, Harrah’s Entertainment, and Mandalay Resort Group.

$30 billion of the industry's revenue comes from commercial casinos, $20 billion from state lotteries, $20 billion by Indian casinos, and the rest from horse racing, bingo, charities, and bookmaking.Note: For gambling companies, "revenue" is the total amount bet minus winnings paid to gamblers.

Most casino operations are small, limited by the size of the surrounding population market. The industry has become highly concentrated; with the top 20 companies hold more than 60 percent of the market.