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Growing horse and sportsbetting in Australia
 December 18, 2008, 8:40 am (2 years ago)According to IBISWorld research in Australia, even though the harsh recession times further on is going to depress casino and lottery gamblers, horseracing fans are still energetic despite the economic slump. The Sydney Morning Herald this week announced that income from horse and sports-betting is anticipated to increases by 11.9 % this year, as the division bounces back from the impacts of equine flu.
IBIS World industry analyst Angela Kidson stated that the Aussie racing business had faced a loss of 9.3 % in income throughout the 2007/08 business year.
In the 2009/10 business year, the division is anticipated to expand at a rate of about 2.5 %, activated by new interactive digital pay-TV betting sites.
The report forecasts that additional interest rate cuts and the Australian federal government's incentives initiatives are going to boost average household disposable profits by 4.98 % early next year.
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