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 Locations Chapter
Overall gambling participation strongly correlates to population distribution trends. Deviations from this trend can be attributed to the strength of local racing, especially in the case of notable racecourses, major events and carnivals in metropolitan and regional areas. As the industry is highly regulated, local and state legislation is also a factor in establishment locations.
New South Wales and Victoria generate the highest shares of revenue, followed by Queensland. However, online sports betting establishments have found a favourable regulatory environment in the Northern Territory and Tasmania and as this segment's share of the industry grows, so too will these regions' shares of industry revenue... purchase to read more