Industry Analysis & Industry Trends
The Horse and Sports Betting industry has undergone significant change 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 betting websites. This trend is particularly relevant in the Northern Territory, which provides favourable legislation and has attracted many large domestic online betting companies over the past five years. Industry revenue is estimated to grow at an annualised 2.1% over the five years through 2013-14.
Increasing horseracing attendances, household internet connections and spectator sport participation have contributed to the industry's positive performance over this period... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Horse and Sports Betting industry exhibits a high level of market share concentration. The four largest operators account for an estimated 79.8% of industry revenue. This high market share concentration is related to Australia's gambling segment, which now effectively operates as a single national market. The high level of merger and acquisition activity from the public float or sale of former state owned TAB operations has also contributed to the industry's high market share concentration. Companies with TAB outlets effectively operate as regional monopolies, contributing to the industry's high level of market share concentration. For the bookmakers segment, concentration is significantly lower and often these businesses are small sole-trading enterprises... purchase to read more