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 Locations Chapter
The location of industry operators strongly correlates to population distribution trends. Deviations from this trend can be attributed to the strength of local racing, especially in the case of notable racecourses, major events and carnivals in metropolitan and regional areas. As the industry is highly regulated, local and state legislation also influence the location of establishments. New South Wales and Victoria have the highest proportion of the industry's establishments and generate the highest shares of revenue. The Northern Territory generates the third most revenue despite only accounting for 1.0% of the industry's businesses. This trend is due to the favourable regulatory environment in the Northern Territory... purchase to read more