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 Key Buyers Chapter
The top four operators account for the majority of industry revenue, meaning the industry has a very high level of ownership concentration.
This high concentration is related to the wagering 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 high concentration in the industry.
For the bookmakers segment, concentration is significantly lower and often these businesses can be small, sole-trading enterprises. However, online bookmakers tend to be larger operations, so concentration in this segment will increase as the online market grows... purchase to read more