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 also contributed to the industry's positive performance. As a result, revenue is expected to increase at a compound annual rate of 1.2% over the five years through 2014-15. Demand for other gambling activities has slightly restricted revenue growth, as other activities like casino games and electronic gaming machines have added competition for gamblers' discretionary dollars.
In 2014-15, industry revenue is expected to rise by 1.3%, to reach $3.4 billion... purchase to read more
Industry Report - Industry Analysis Chapter
Over the past five years, the industry has grown modestly due to the increasing popularity and use of online and smartphone betting services. Several factors have influenced the industry's performance, including horseracing attendances, per capita gambling expenditure, demand for other gambling activities, the number of household internet connections and spectator sport participation. The popularity of more traditional betting formats such as on- and off-course totalisators has declined over the past five years, and industry revenue growth has depended on the rise of online and smartphone betting platforms.
Revenue and profitability
Industry revenue is expected to grow at an annualised 1.2% over the five years through 2014-15, to reach $3.4 billion... purchase to read more