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Horse and Sports Betting in Australia - Industry Market Research Report

Publisher IBISWorld
Published Oct 14, 2024
Length 74 Pages
SKU # IBSS19341134

Description

Horse and Sports Betting in Australia - Industry Market Research Report


Horse and Sports Betting in Australia

The Horse and Sport Betting industry has undergone significant change over the past decade, as online and mobile betting websites have gained a greater foothold in the market, eroding the traditional dominance of Tabcorp. Punters are increasingly choosing to bet online, rather than through retail outlets. Revenue is expected to grow at an annualised 3.7% to $6.4 billion over the five years through 2023-24. This result includes an expected increase of 4.2% in 2023-24, as in-person gambling venues continue to recover from declines brough on by the COVID-19 pandemic. A sharp recovery in spectator sport participation and horseracing attendances is also likely to boost revenue. These trends are likely to offset the ongoing effect of cost of living pressures on gambling expenditure in Australia, which is weighing on the performance on bookmakers in all segments of the industry.

Industry operators provide gambling services, including totalisator and betting services. Gamblers generally place wagers on horseraces and sporting matches. The industry includes online gambling services but excludes casinos and lottery operations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

74 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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