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Horse and Sports Betting in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Horse and Sports Betting Market Research Report | ANZSIC R9209 | Mar 2016

A good bet: The popularity of online and smartphone betting has driven modest growth

The Horse and Sports Betting market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
2.2%
Annual Growth 16-21
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Profit
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Employment
7,473
Businesses
1,049
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 contributed to the industry's positive performance. As a result, revenue is expected to increase at a compound annual rate of 2.2% over the five years through 2015-16. Demand for other gambling activities has slightly restricted revenue growth, as other activities such as casino games, lottery products and electronic gaming machines all compete for gamblers' discretionary income.

In 2015-16, industry revenue is set to rise by 2.2%, to reach $3.5 billion... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Horse and Sports Betting industry is in the mature stage of its economic life cycle. Despite the decline of on-course totalisators, the increasing popularity of online and mobile phone betting platforms has provided some relief for industry operators over the past five years. Punters have found the accessibility and range of betting options of these online platforms particularly appealing. In addition, new sports betting markets have driven the popularity of these online betting platforms.

Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to increase at a compound annual rate of 2.2% over the 10 years through 2020-21... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Horse and Sports Betting Industry?

Companies in the industry primarily operate gambling services, including totalisator and betting services. Wagers are generally placed on horseraces and sports matches. The industry includes online gambling services but excludes casinos and lottery operations.

Industry Products
Sports bettingHorserace betting at TABsHarness race betting at TABsOther race betting
 
Industry Activities
Betting shop operationBookmaker operationGambling website operationTotalisator agency board (TAB) operationTotalisator agency operation


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