7132 - Gambling Industries
The Gambling Industries, classified under NAICS code 7132, represent a significant and fascinating sector within the U.S. economy. This code captures the businesses that create excitement and entertainment through various gambling and wagering activities. Whether you're a business owner, government contractor, or industry analyst, knowing about NAICS Code 7132 is crucial for navigating opportunities in this thrilling sector.
What is NAICS Code 7132?
NAICS Code 7132 refers specifically to the Gambling Industries sector. This classification includes establishments primarily engaged in operating gambling and betting activities. These establishments provide different forms of wagering and gaming entertainment such as casinos, racetracks, and lottery operations.
Sector Overview: Arts, Entertainment, and Recreation
This industry falls under the broader sector of Arts, Entertainment, and Recreation, which encompasses businesses that offer cultural, entertainment, and leisure activities. The Gambling Industries sector is a specialized subset focused on betting activities that attract millions of patrons across the country.
Description of Gambling Industries (NAICS 7132)
The Gambling Industries sector comprises establishments that conduct gambling activities for public entertainment, including:
- Casinos offering various games like slot machines, poker, blackjack, and roulette.
- Racetracks hosting horse racing or dog racing, often coupled with betting facilities.
- Lottery and bingo establishments providing state-regulated lottery ticket sales and bingo games.
These businesses typically operate under strict regulatory frameworks to ensure fair play and responsible gaming.
Typical Business Activities Under NAICS Code 7132
Examples of business types or activities classified under NAICS 7132 include:
- Casinos and Gaming Facilities: Large-scale establishments offering a range of gambling options.
- Racetracks: Venues for horse or greyhound racing, often with accompanying betting counters.
- Lottery Operations: State-operated or private entities managing lottery ticket sales.
- Bingo Halls: Facilities conducting social bingo games and other similar wagering activities.
Small Business Size Standards for NAICS 7132
Understanding size standards is important for government contracting and resource eligibility. According to the U.S. Small Business Administration (SBA), the size standards for businesses under NAICS code 7132 generally depend on annual receipts:
- Small Business Size Standard: Typically, businesses in the Gambling Industries sector are considered small if they have average annual receipts of $7.5 million or less.
These standards can vary slightly depending on specific sub-industry or contracting opportunities, so checking current SBA guidelines is recommended.
NAICS Code 7132 Details Table
| Category | Details |
|---|---|
| NAICS Code | 7132 |
| Title | Gambling Industries |
| Sector | Arts, Entertainment, and Recreation |
| Description | Establishments primarily engaged in gambling and betting activities such as casinos, racetracks, lottery, and bingo. |
| Typical Business Types | Casinos, Racetracks, Lottery and bingo establishments |
| Size Standard | $7.5 million average annual receipts (varies by sub-sector and contract) |
FAQs About NAICS Code 7132 - Gambling Industries
1. What types of businesses fall under NAICS 7132?
Businesses such as casinos, racetracks, lottery operators, and bingo halls are included under NAICS 7132. These establishments focus on various forms of gambling and wagering entertainment.
2. Is NAICS 7132 only for casinos?
No, NAICS 7132 covers a broad range of gambling establishments, including racetracks and lottery operations, not just casinos.
3. What sector does NAICS 7132 belong to?
NAICS 7132 is part of the Arts, Entertainment, and Recreation sector.
4. What is the SBA size standard for Gambling Industries?
Typically, businesses in this sector are considered small if they have annual receipts of $7.5 million or less, but this can vary by activity.
5. Are gambling businesses regulated?
Yes, gambling businesses are highly regulated at the federal, state, and local levels to ensure compliance, fairness, and responsible gaming.
Conclusion
NAICS code 7132, Gambling Industries, plays a vital role in the dynamic Arts, Entertainment, and Recreation sector. With a variety of establishmentsâfrom flashy casinos to local bingo hallsâthis industry offers diverse gaming and betting opportunities. Whether you are entering the gambling business or looking for contracting opportunities, understanding NAICS 7132 and its specifications is essential.
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