Bet on it: Industry operators are expanding their online capabilities to drive growth

The Horse and Sports Betting industry has undergone significant change over the past five years. Online and mobile betting websites have gained a greater foothold in the market due to changing consumer preferences and the improved accessibility of these websites. Increasing internet connectivity and spectator sport participation have further contributed to the industry's positive performance over the period. Industry revenue is forecast to increase at an annualised 4.1% over the five years through 2017-18. However, competition from other gambling activities, and declines in horseracing attendances and wagering have slightly restricted revenue growth...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
4.1%
Forecast Growth 18-23
Profit
Employment
7,340
Businesses
987

Industry Threats & Opportunities

  • The growing popularity of online and mobile betting websites has aided industry revenue growth
  • Online betting has reduced industry employment, as less face-to-face interaction has been required
  • Industry profitability is anticipated to remain strong and improve marginally
  • Industry Report - Industry Key Buyers Chapter

    The Horse and Sports Betting industry exhibits a high degree of market share concentration. The four largest operators are estimated to account for over 70% of industry revenue. The high level of merger and acquisition activity from the sale of former state-owned TAB operations, like Tabcorp's acquisition of ACTTAB in 2014, contributes to the industry's high market share concentration. In addition, companies with TAB outlets effectively operate in regional monopolies, which provides the opportunity for firms to generate revenue from an entire state's wagering activities. As a result, Tabcorp alone is estimated to account for approximately 41.0% of total industry revenue in 2017-18. Con...purchase to read more.

    Additional Insights for the Horse and Sports Betting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Horse and Sports Betting Industry are

  • Market research and understanding
  • Experienced workforce
  • Production of premium goods and services
  • IBISWorld analysts also discuss how external factors such as Demand from casinos and Horseracing attendances in the Horse and Sports Betting industry impact industry performance..

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    What's in this report

    What is the Horse and Sports Betting Industry?

    Industry operators provide 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 betting
  • Horserace betting at TABs
  • Harness race betting at TABs
  • Other race betting
  • Industry Activities
  • Betting shop operation
  • Bookmaker operation
  • Gambling website operation
  • Totalisator agency board (TAB) operation
  • Totalisator agency operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from casinos
  • Horseracing attendances
  • Per capita gambling expenditure
  • Internet connections
  • Spectator sport participation
  • Demand from lotteries

  • Current Performance
  • Revenue and profitability
  • Competitive landscape
  • Online betting
  • Advertising
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Industry changes
  • Online betting
  • Table: Horse and Sports Betting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Horse and Sports Betting Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Pubs, Bars and Nightclubs
  • Social Clubs
  • Consumers

  • Key Selling Industries
  • Data Storage Services
  • Horse and Dog Racing
  • Pay Television
  • Radio Broadcasting
  • Telecommunications Services

  • Products & Services
  • Horserace betting at TABs
  • Sports betting
  • Other race betting
  • Harness race betting at TABs
  • Chart: Horse and Sports Betting Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 50 and over
  • People aged 30 to 39
  • People aged 40 to 49
  • People aged 18 to 29
  • Chart: Major Market Segmentation for the Horse and Sports Betting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Horse and Sports Betting

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Horse and Sports Betting Industry

  • Industry Globalization
    Tabcorp Holdings Limited, Paddy Power Australia Pty Limited, Tatts Group Limited, Crown Resorts Limited,
  • Table: Tabcorp Holdings Limited - financial performance
  • Table: Paddy Power Australia Pty Limited - financial performance
  • Table: Tatts Group Limited - financial performance
  • Table: Crown Resorts Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Horse and Sports Betting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Horse and Sports Betting Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Parimutuel Betting
  • Parimutuel betting determines the odds and payouts of the event only once all bets have been placed and the event has finished.
  • Totalisator
  • An automated system of betting on races. It dispenses and records betting tickets and calculates and displays odds. This system also provides a mechanism for cashing in winning tickets.
  • Totalisator Agency Board (Tab)
  • A gambling outlet that provides horse and sports betting facilities to consumers.
  • Wagering
  • The act of placing money or something of material value on an event with an uncertain outcome, in attempt to earn money based on the likeliness of the outcome.
  • What Our Customers Say

    Why buy this report?

    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.

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    This report on Horse and Sports Betting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Horse and Sports Betting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Horse and Sports Betting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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