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 - Starting a New Business Chapter
The industry displays medium barriers to entry and this trend has remained stable over the past five years, as entry requirements are well established. Barriers to entry vary depending on product segment and services provided. In order to operate TABs in Australia, licences are required from respective State Governments. These licences effectively provide regional monopolies in each state and territory. However, there have been attempts to change this over the past five years. The TAB segment has a high degree of market share concentration and it is therefore extremely to enter the industry as a TAB operator. Tabcorp Holdings Ltd and Tatts Group Ltd effectively operate as a duopoly in this service segment in Australia... purchase to read more