Industry Analysis & Industry Trends
The Horse and Sports Betting industry is undergoing significant change as governments abandon their holdings in state-based TAB operations to effectively develop a national wagering market. Private betting websites are also gaining a greater foothold in the market, due to changing consumer demand and preferences and improved access to betting websites. This is particularly relevant to the Northern Territory, which provides favourable legislation and has attracted many large domestic online betting operations.
Sports and events betting, while still low in revenue terms compared with racing betting, is the fastest growing segment in the industry... purchase to read more
Industry Report - Industry Analysis Chapter
Solid economic activity and continued IT and telecommunications adoption in 2013-14 are expected to positively influence revenue growth for the Horse and Sports Betting industry. This growth will come from less pressure on household disposable income as consumer confidence and business confidence improve, and growing familiarisation with accessing betting and wagering activities online and via mobile phones. Sports betting will display robust growth as interest and opportunities for this form of betting escalate. However, declining interest in horse racing will hurt the industry. IBISWorld estimates the industry will generate revenue of $3.5 billion in 2013-14, down 1.5% from the previous year... purchase to read more