Casino City's Global Gaming Almanac - 2019 Edition
Assumptions and Methodology 826 Casino City’s Global Gaming Almanac For casino and card room gaming, we determined gaming revenue averages 14.9% of wagers based on 45 data points. This industry average was applied to 13 additional data points to estimate the associated gaming revenue. For sports betting, we determined gaming revenue averages 19.6% of sales based on 107 data points. This industry average was applied to 87 additional data points to estimate the associated gaming revenue. For lotteries, we determined gaming revenue averages 42.7% of sales based on 1,182 data points. This industry average was applied to 131 additional data points to estimate the associated gaming revenue. For commercial bingo, we determined gaming revenue averages 12.1% of wagers based on 174 data points. This industry average was applied to seven additional data points to estimate the associated gaming revenue. Whenever we estimated gaming revenue using industry averages, we included a footnote in the body of the almanac indicating which revenue figures were estimated on that basis. Calendar Year Revenue Calculations We provide revenue figures based on calendar years in this almanac. However, many jurisdictions report revenue on the basis of a fiscal year that is not aligned with a calendar year. Furthermore, different jurisdictions use different fiscal years. Sometimes, the determination of calendar year revenue is straightforward even when calendar and fiscal years are not aligned. For example, Eastern Cape in South Africa has a fiscal year that starts 1 April. However, revenue figures are provided each quarter, so it is easy to determine calendar year revenue by adding together the revenue figures for each quarter in a calendar year even though they cross a fiscal year. Unfortunately, many jurisdictions do not provide financial information on a monthly basis. In this case, when the reporting periods are not aligned with the calendar year, revenues for the calendar year must be estimated based on the reporting periods for which revenue can be determined. For example, South Australia lotteries report on a fiscal year basis only, and their fiscal year begins on 1 July each calendar year. In this case, we perform a linear interpolation using data for the two fiscal years that overlap with the calendar year. For example, calendar year 2017 revenue is calculated as 6 / 12 of the revenue for the fiscal year ending in June 2017 and 6 / 12 of the revenue for the fiscal year ending in June 2017. Whenever we estimated revenue for a calendar year by interpolating fiscal year data, we included a footnote in the body of the almanac indicating which revenue figures were interpolated. Missing Data Estimates Sometimes data for all reporting periods is not available from regulatory agencies. For example, regulatory agencies providing only fiscal year data often publish results well after the end of the fiscal year. This means in some situations, data for the most recent fiscal year, which included data for a portion of calendar year 2017, was not available for inclusion in this almanac. In a few situations, data is not consistently available for all past fiscal years. When data is available for prior reporting periods, but not for the most recent reporting periods, we perform linear extrapolation to estimate revenue for the recent periods. For example, if revenue of EUR 10,000,000 was reported for fiscal year 2014, and revenue of EUR 10,300,000 was reported for fiscal year 2015, then we would estimate revenue as EUR 10,600,000 for fiscal year 2017. Linear extrapolation is also used if data is missing for initial reporting periods, but is available for later reporting periods. Occasionally, data is not available for reporting periods sandwiched between other reporting periods for which data is available. For example, we might have data for 2014, 2015 and 2017, but not for 2016. In this situation, we perform linear interpolation to estimate the missing data. Whenever we estimate revenue by extrapolating or interpolating missing data, we included a footnote in the body of the almanac indicating which revenue figures were interpolated or extrapolated.