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 Locations Chapter
The location of industry operators generally correlates to Australia's overall population distribution. 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 influences the location of enterprises in the industry.
Victoria and New South Wales account for the largest proportion of the industry's enterprises, while generating the first and third most revenue, respectively. The Northern Territory generates a disproportionate amount of revenue compared with its share of enterprises and overall population due to a favourable regulatory environment... purchase to read more