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 contributed to the industry's positive performance. As a result, revenue is expected to increase at a compound annual rate of 2.2% over the five years through 2015-16. Demand for other gambling activities has slightly restricted revenue growth, as other activities such as casino games, lottery products and electronic gaming machines all compete for gamblers' discretionary income.
In 2015-16, industry revenue is set to rise by 2.2%, to reach $3.5 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a high market share concentration. In 2015-16, the four largest operators are estimated to account for over 85.0% 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 nearly 50% of total industry revenue in 2015-16. Concentration is significantly lower for bookmakers, as these businesses are often small-scale enterprises... purchase to read more