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Sports betting sector will grow: report

17 December 2008

AUSTRALIA -- As reported by the Australian Associated Press: "Punters at the racetrack and the oval won't be put off by tough economic times, while casino and lottery customers will cut back over the next two years, a report predicts.

"Revenue from horse and sports betting is expected to grow by 11.9 per cent this financial year, as the sector rebounds from the effects of equine influenza, a report by business analyst IBISWorld says.

"IBISWorld industry analyst Angela Kidson said the racing industry had experienced a loss of 9.3 per cent in revenue over the 2007/08 financial year..."

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