Published
Financial

Australian sports betting sees a significant rise

Aust

australia
ralia has seen a 13% year-on-year rise in sports betting expenditure for the 2015-2016 financial year, according to official figures.

The 33rd edition of the Australian Gambling Statistics report, which was released on Tuesday, has shown that the sports betting segment raked a total of $920m, increasing 13% in year-on-year terms.

Moreover, the overall gambling expenditure from casinos, lottery, gaming machines and Keno, among other games, totalled over $18bn.

Meanwhile, casino revenues remained flat for the 2015-16 periods, when Australian casinos only experienced a 0.4% growth to $5.1bn. Despite these financial results, pokies remained one of the most popular activities with more than 196k gaming machines spread across the country, particularly in the states of Queensland and New South Wales. Following an increase in the number of terminals, this vertical showed a 4.2% hike to $12bn.

It is worth noting that these positive results use data from before Crown Resorts' employees were arrested in China under charges of illegally promoting gambling activities in the country. That scandal had a great impact in VIP revenue in Australian casinos for the second half of 2016.
Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...