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 Analysis Chapter
Over the past five years, the industry has grown steadily due to the increasing popularity and use of online and smartphone betting services. Industry performance is influenced by a number of factors, including horseracing attendances, per capita gambling expenditure, demand for other gambling activities, the number of household internet connections and spectator sport participation. More traditional betting formats such as on- and off-course totalisators have declined over the past five years and industry growth has depended on the rise of online and smartphone betting platforms.
Revenue and profitability
Industry revenue is estimated to grow at an annualised 2.1% over the five years through 2013-14 to reach $3.5 billion... purchase to read more