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Australian Gamblers will wager A$26 billion this year

Tuesday October 29,2014 : AUSSIES REMAIN BIG BETTERS
 
Newspaper claims Australian punters will wager A$26 billion this year, driven by mobile and online wagering.
 
Quoting an unidentified recent study, Australia's Sunday Telegraph newspaper claimed over the weekend that Australians will spend a record A$26 billion ($22.8 billion) this year on race and sports betting.
 
"On a per-head basis, they are likely to spend A$1,200 on events such as the Melbourne Cup, 90,000 races, the NRL premiership, AFL, soccer, basketball and other major sporting occasions," the newspaper reports, adding that the boom is being fuelled by mobile and online gambling, with the TAB taking about 45 percent of wagers through these more contemporary channels.
 
The newspaper claims that betting turnover in Australia has shown annual increases of 3 percent over the past five years, motivating major overseas gambling groups to move into the local market.
 
Betting companies will profit handsomely from the A$26 billion wagered, retaining around A$2 billion by the end of 2014, the study found.
 
“Fixed Odds betting has just taken off in Australia,” TAB betting boss Craig Nugent told the Sunday Telegraph.
 
“We’ve grown from a $42 million business in our first year to $4.2 billion in 16 years.”
 
TAB’s average wager on a sporting event is A$43 and 90 percent of bets accepted are less than A$50.
 
Horse racing continues to be the favourite form of betting, with A$300 million being wagered on the Melbourne Cup alone this year, but sports betting companies are reporting growth at remarkable rates, the newspaper reports.
 
The TAB dominates 42 percent of the local market with the rest shared among corporate bookmakers, mostly owned by European giants Ladbrokes, Paddy Power and William Hill.
 
Those overseas giants have acquired leading Australian companies in the betting industry, making it difficult for smaller Aussie operators to survive due to the extensive marketing that the majors can afford to deploy, attracting punters to their offers.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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