What is the Recreation, Leisure & Gaming Sector?

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  • 0:00 Recreation, Leisure, & Gaming
  • 0:52 Profit & Nonprofit Categories
  • 1:56 Other Economic Considerations
  • 2:44 Sub-Categories & Definitions
  • 3:43 Lesson Summary
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Lesson Transcript
Instructor: John Turcic

John’s has a background as a business owner, and a business development, marketing, and consulting professional.

The recreation, leisure, and gaming sector is comprised of many different organizations and sub-categories. In this lesson, we will look at how diversified this industry really is.

Recreation, Leisure, & Gaming

What do Disney World, Yosemite National Park, Daytona International Speedway, Caesar's Palace, Carmike Cinemas, and Priceline all have in common? Well, depending on who you talk to, these organizations are all part of the vast recreation, leisure, and gaming sector. I say 'depending on who you talk to' because many people break down this recreation, leisure, and gaming umbrella into different and more specific categories. But more about those definitions later in this lesson.

So how shall we define the recreation, leisure, and gaming industry? Here's an interesting definition: the provision of recreation-related products or services, by a private enterprise for a fee, or a government or nonprofit organization, where the costs are covered by fees and charges.

Profit and Nonprofit Categories

Did you notice from the definition that we've chosen that we're making a distinction between for-profit and nonprofit recreational and leisure organizations? Most of us don't normally think about these economic definitions during our leisure pursuits. However, going to visit the museums and attractions in Washington, DC, involves a different economic recreational pursuit than going to your local YMCA, which is different than going to your local fitness club for a workout, which, in turn, is a different pursuit than going Las Vegas to gamble and see the shows. Yet these different economic and recreation/leisure pursuit models can all be considered part of the larger recreation, leisure, and gaming sector.

Let's try and break things down a little more. Here's a chart that shows some different examples of commercial vs. non-commercial enterprises:

Commercial Non-commercial
Theme Parks Government Parks (Federal, State, County, City)
Private Clubs YMCA and other Volunteer Organizations
Casinos Universities and Schools

Examples of commercial or for-profit businesses include theme parks, private clubs, and casinos. Non-commercial enterprises are not-for-profit organizations and include government parks, YMCA, and other volunteer organizations, as well as schools and universities.

Other Economic Considerations

In addition to the commercial and non-commercial models, there are other economic considerations in the sector. For example, the commercial enterprises in this sector are dependent on their potential customers' availability of discretionary income. So in tough economic times, that availability of discretionary income drops, which results in a drop in revenue for the sector.

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