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NAICS Code 713290-05 Description (8-Digit)

Video Poker is a type of electronic casino game that is based on five-card draw poker. It is played on a computerized console that looks like a slot machine. The game involves placing a bet and then pressing a button to deal a hand of five cards. The player then has the option to hold or discard any of the cards in order to create the best possible poker hand. The objective of the game is to create a winning hand that is listed on the paytable. Video Poker is a popular game in casinos and is often found in bars and other entertainment venues.

Hierarchy Navigation for NAICS Code 713290-05

Parent Code (less specific)

Tools

Tools commonly used in the Video Poker industry for day-to-day tasks and operations.

  • Video Poker Console
  • Deck of Cards
  • Paytable
  • Betting Interface
  • Random Number Generator
  • Payout System
  • LCD Screen
  • Buttons and Controls
  • Sound System
  • Bill Validator

Industry Examples of Video Poker

Common products and services typical of NAICS Code 713290-05, illustrating the main business activities and contributions to the market.

  • Jacks or Better
  • Deuces Wild
  • Double Bonus Poker
  • Joker Poker
  • Aces and Faces
  • Tens or Better
  • All American Poker
  • Bonus Poker Deluxe
  • Super Double Bonus Poker
  • Triple Play Poker

Certifications, Compliance and Licenses for NAICS Code 713290-05 - Video Poker

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Gaming License: A gaming license is required for any individual or company that provides gaming services, including video poker. The license is issued by the state gaming commission. The requirements for obtaining a gaming license vary by state.
  • Responsible Gaming Certification: This certification is required for any company that provides gaming services. It ensures that the company is committed to responsible gaming practices and has measures in place to prevent problem gambling. The National Council on Problem Gambling provides this certification.
  • Anti-Money Laundering (AML) Compliance: AML compliance is required for any company that provides gaming services. It ensures that the company has measures in place to prevent money laundering and terrorist financing. The Financial Crimes Enforcement Network (FinCEN) provides guidance on AML compliance.
  • Payment Card Industry Data Security Standard (PCI DSS) Compliance: PCI DSS compliance is required for any company that accepts credit card payments. It ensures that the company has measures in place to protect cardholder data. The PCI Security Standards Council provides guidance on PCI DSS compliance.
  • Fair Play Certification: Fair play certification ensures that the video poker machines are fair and not rigged. The certification is issued by independent testing labs such as eCOGRA.

History

A concise historical narrative of NAICS Code 713290-05 covering global milestones and recent developments within the United States.

  • Video Poker was first introduced in the mid-1970s and quickly became popular in casinos worldwide. The first video poker machine was developed by Si Redd, who founded the company Sircoma (later renamed International Game Technology) to manufacture and distribute the machines. In the 1980s, video poker machines became more advanced, with the introduction of multi-hand machines and progressive jackpots. In recent years, video poker has continued to evolve, with new variations and features being added to machines. In the United States, video poker has faced some legal challenges, with some states banning the machines or limiting their availability. However, the industry has continued to grow, with many casinos offering a wide variety of video poker machines to their customers.

Future Outlook for Video Poker

The anticipated future trajectory of the NAICS 713290-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Video Poker industry in the USA is positive. The industry is expected to grow at a steady pace due to the increasing popularity of online gambling and the rise in disposable income. The industry is also expected to benefit from the legalization of sports betting in several states, which is expected to increase the number of visitors to casinos. However, the industry may face challenges due to the increasing competition from other forms of online gambling and the rise in regulatory scrutiny. Overall, the Video Poker industry is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 713290-05

Recent groundbreaking advancements and milestones in the Video Poker industry, reflecting notable innovations that have reshaped its landscape.

  • Multi-Hand Video Poker: This innovation allows players to play multiple hands of video poker at the same time, increasing the excitement and potential payouts.
  • Progressive Jackpots: Many video poker machines now offer progressive jackpots, which increase in value as more players play the game. This has become a popular feature among players, as it offers the potential for large payouts.
  • Mobile Video Poker: With the rise of mobile gaming, many casinos now offer mobile video poker games, allowing players to play their favorite games on the go.
  • Skill-Based Video Poker: Some casinos now offer skill-based video poker games, which require players to use strategy and skill to win. This has become a popular feature among younger players who are looking for a more engaging and challenging gaming experience.
  • Virtual Reality Video Poker: With the rise of virtual reality technology, some casinos are now offering virtual reality video poker games, which offer a more immersive and realistic gaming experience.

NAICS Code 713290-05 - Video Poker

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