Industry Analysis & Industry Trends
The Horse and Sports Betting industry has undergone significant changes over the past five years. Private betting websites have gained a greater foothold in the market due to changing consumer preferences and the improved accessibility of these websites. Increasing internet penetration and spectator sport participation have also contributed to the industry's positive performance. As a result, revenue is expected to increase at a compound annual rate of 1.2% over the five years through 2014-15. Demand for other gambling activities has slightly restricted revenue growth, as other activities like casino games and electronic gaming machines have added competition for gamblers' discretionary dollars.
In 2014-15, industry revenue is expected to rise by 1.3%, to reach $3.4 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a high level of market share concentration. In 2014-15, the four largest operators account for over 75.0% of total revenue. The high level of merger and acquisition activity from the public float and sale of former state-owned TAB operations contributes to the industry's high market share concentration. In addition, companies with TAB outlets effectively operate in regional monopolies, which provides the opportunity for firms to collect revenue from an entire state's wagering activities. As a result, Tabcorp alone accounts for over 45.0% of total industry revenue in 2014-15. Concentration is significantly lower for bookmakers, as these businesses are often small-scale enterprises... purchase to read more