Australian Lottery Market on an Upswing


A survey by IBISWorld predicts that although Australian lottery sales are not as high as other forms of gambling, sales will increase within the next five years as a result of an increase in gambler spend.

'Lottery operators have increased the frequency of lotto draws to increase consumer interest and expenditure,' according to IBISWorld industry analyst Spencer Little. "However, this strategy has sometimes been to the detriment of other weekly lottery draws. In 2014-15, revenue is estimated to increase by 1.6 percent, to reach $6.7 billion.

"Although spending is likely to pick up over the next five years, gambling on sports betting and online platforms will outstrip lotteries."

Also predicted is growth in products like online instant win tickets.

Bingo Games

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from us flag United States read article Rank plc Launches Gameplan Initiative for UK Lawmakers

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h

Totals

  • New Members
    3
  • Members Online
    15
  • Guests
    960


eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus

DON'T MISS OUT!

Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+


You have been successfully subscribed to receive LBB newsletter!