Bookmakers Victoria

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September 24, 2024
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Comprehensive Report on Bookmakers in Victoria

The betting industry in Victoria, Australia, has experienced significant growth and evolution in recent years. This report presents key insights and statistics related to bookmakers in Victoria.

Overview of the Betting Landscape

In Victoria, there are various types of bookmakers operating, offering different services and platforms for punters. This includes both online and land-based options.

Statistics on Bookmakers in Victoria

Total number of licensed bookmakers: Approximately 35 licensed bookmakers are operational in Victoria.
Online betting growth: The online betting market has grown by over 15% annually since 2019.
Revenue generated: In 2022, the total revenue generated from sports betting was estimated to be around AUD 1.2 billion.
Market share: The online betting sector dominates with more than 70% of the market share, reflective of changing consumer preferences.

Popular Types of Betting

Victorian bookmakers offer a variety of betting options. Some of the most popular include:

Sports betting: Includes various sports such as AFL, NRL, cricket, and more.
Racing betting: Horse and greyhound racing are popular, with dedicated markets.
Casual betting: Options like novelty bets and entertainment-related betting.

Regulations and Responsible Gambling

Victoria has strict regulations governing the betting industry, aimed at protecting consumers and promoting responsible gambling.

Licensing: All bookmakers must hold a valid license issued by the Victorian Commission for Gambling and Liquor Regulation (VCGLR).
Responsible Gambling Codes: Bookmakers are mandated to follow responsible gambling codes and provide support for problem gambling.

Trends in the Bettor Community

There are several trends observed among bettors in Victoria, including:

Increased use of mobile apps: More punters are utilizing mobile applications for convenience.
Live betting: A growing interest in live betting options as events unfold.

Conclusion

The landscape of bookmakers in Victoria reflects a thriving sector backed by technology and adapted to modern consumer needs. With ongoing evolution and regulatory oversight, it offers a comprehensive betting experience for punters.