Is Horse Racing Dead? Not in Australia

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Horse racing continues to dominate Australia’s betting market

Market research company Roy Morgan delved into Australian gambling habits to produce a series of gambling reports that include analysis of race and sports betting, poker machines, casino table games, keno, lotteries and scratch tickets.

Their analysis shows that racing – whether horse racing, harness racing or greyhound racing – still commands nearly 75% of the Australian betting market…

It was found that the proportion of Australians having a bet by age increases until retirement age, at which point the likelihood of having a bet plunges.

Only 7.2% of Australians aged under 25 have had a bet in the last three months compared to 9.3% of those aged 25-34, 11.3% of those aged 35-49, and 12.6% of those aged 50-64 – the highest of any age group. Then, it drops back to 10.2% of Australians of retirement age (aged 65 and over).

Horse racing continues to dominate Australia’s betting market – check out the interesting study below

Source: Horse racing continues to dominate Australia’s betting market

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About Editor

Rich Nilsen is a 15-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is also a graduate of the University of Louisville Equine Business Program. He is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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