Sports betting improve results in Australia
The country released the statistics that show that sports betting grew 13 percent year-on-year in the 2015-2016 period.
Australia.- According to the 33rd edition of the Australian Gambling Statistics released yesterday, the industry in Australia has been experiencing positive results, with sport sbetting leading the list with a 13 percent increase year-on-year in the 2015-2016 period.
Total sports betting expenditure recorded the biggest growth year-on-year as it increased 13 percent to US$920 million. Total gambling expenditure totaled US$18 billion in that period, as most of that number came from gaming expenditure, which considers casinos, lottery, gaming machines, Keno, among other things.
Casino revenue was flat with a 0.4 percent growth to US$5.1 billion, even though pokies showed a 4.2 percent rise to US$12 billion. To the end of June of this year, Australia featured approximately 196k gaming machines, the majority located in Queensland and New South Wales.
These results compile data from before Crown Resorts employees were arrested in China under charges of illegally promoting gambling activities in the country. That episode lowered VIP revenue in Australian casinos for the second half of 2016.
