Report: Wagering On Racing Outpaces Sports Betting In Australia

Despite the presence of sports betting, horses still take most of the wagering dollars in Australia, according to a report publicized this week by HorseTalk New Zealand. A survey of the 2017 betting market found racing, including harness and greyhound, makes up roughly 75 percent of the Australian market. Sports betting comprises about 25 percent.

As is true in the United States, Australians are more likely to place bets as they age, although the likelihood drops off at and after retirement age.

Interestingly, the likelihood someone will make a wager is also correlated to the size of the state the Australian lives in, with larger states having higher wagering rates. Market research company Roy Morgan, which compiled the data, theorized this could be due to more sports content being available in larger population centers.

Read more at HorseTalk New Zealand

 

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