May 19, 2020

Eight facts about Australia’s multi-billion-dollar betting industry

CrownBet
Roy Morgan
Australian gambling industry
William Hill
Addie Thomes
2 min
Eight facts about Australia’s multi-billion-dollar betting industry

As CrownBet completes its acquisition of William Hill’s Australian business, Roy Morgan has released a study into the state of the country’s betting sector.

A major observation made in the Roy Morgan Gambling Currency Reports is how the industry has changed in recent years due to the uptake of smartphones and increasing use of betting apps.

More Australians are opting to gamble from the comfort of their own couch, on the wide open road, or even from the stands at a sporting event.

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Sports betting has gained prominence in recent years but analysing the overall betting market shows that racing – whether horse racing, harness racing or greyhound racing – still commands nearly 75% of the Australian betting market.

But what other key statistics does the research highlight? Here are seven further facts you need to know:

  1. Horse racing accounts for 50.9% of the entire betting market in Australia
  2. Sports betting equals 25% of the money Australian’s bet in 2017, driven by the two major codes of football
  3. New South Wales and Victoria are the biggest gambling markets
  4. In the last three months, 10.5% of Australians placed a bet
  5. Australians aged 50-64 are the most likely to bet, with 12.6% of this age bracket betting in the last three months
  6. Australians aged 18-24 are the least likely to bet, with 7.2% of this age bracket betting in the last three months
  7. Tasmania appears to be the least penetrated state, with 7.2% of Tasmanians betting in the last three months.
     

Roy Morgan CEO Michele Levine commented: “Intriguingly the likelihood of having a bet also co-relates fairly well to the size of the State an Australian is from. The most likely Australians to have a bet are those from Australia’s largest States of New South Wales (11.1%) and Victoria (11.5%) whilst the least likely are from Australia’s two smaller States of South Australia (8.1%) and Tasmania (7.2%).

“This disparity is likely related to the lack of professional sporting content available in smaller markets. As a comparison there are 17 professional AFL/NRL/Super Rugby/A-League clubs in New South Wales, 14 in Victoria, 7 in Queensland and 3 each in Western Australia and South Australia. There are no professional football clubs in Tasmania.”

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Jun 18, 2021

Rainmaking + ESG Launch Supply Chain Resilience Accelerator

Rainmaking
EnterpriseSingapore
Innovation
supplychain
4 min
Rainmaking and ESG have launched the Supply Chain Resilience Accelerator, uniting startups with enterprises and championing innovation

Rainmaking, one of the world’s leading corporate innovation and venture development firms that create, accelerate and scale new business, has partnered with Enterprise Singapore (ESG), a government agency that champions enterprise development, to launch Singapore’s first ‘Supply Chain Resilience Accelerator’.

The new programme will unite startups and enterprises to boost scalable technology solutions that help fuel supply chain resilience by addressing pain points in transport and logistics. 

Over the last 13 years, Rainmaking has launched 30 ventures totalling US$2bn, including  Startupbootcamp. Having invested in over 900 startups that have raised more than US$1bn, Startupbootcamp is one of the world’s most active global investors and accelerators.

The new programme looks to help build more resilient supply chains for Singapore’s burgeoning network of startups by leveraging its advantageous position as a global trade and connectivity hub. As part of the Supply Chain Resilience Accelerator programme, no less than 20 startups with high-growth potential will have the opportunity to become a part of Singapore’s vibrant ecosystem of startups.

 

Calling Supply Chain Solution Startups!

The programme will kick off with an open call for startups who specialise in supply chain solutions for end-to-end visibility, analytics, automation and sustainability. 

Applicants will then be shortlisted and receive nurturing from Rainmaking, fostering valuable engagements with corporates to drive scalable pilots with the aim to stimulate investment opportunities.

Covid-19 exposed the fragility of global trade, and the Supply Chain Resilience Accelerator is our opportunity to spot weak links and build back better. Piloting outside tech can be an incredibly efficient way to test viable solutions to big problems, provided you de-risk and design for scale. Our programme does precisely this by helping corporate decision-makers and startups to work on compelling business opportunities, anticipate operational risks, and ultimately co-create solutions fit for wider industry adoption,” said Angela Noronha, Director for Open Innovation at Rainmaking. 

Pilots will run from Singapore, with the objective that relevant organisations may adopt successful solutions globally. To that end, Rainmaking is currently engaging with enterprises specialising in varying industry verticals and have expressed interest in partnering.  

“Even as we continue to work with startups and corporations all over the globe, we are so pleased to be anchoring this program out of Singapore. With a perfect storm of tech talent, corporate innovators, and robust institutional support, it’s the ideal launchpad for testing new solutions that have the potential to change entire industries. We look forward to driving the transformation with the ecosystem,” added Angela Noronha. 

One of the first selected corporate partners is Cargill, a leader in innovating and decarbonising food supply chains.

"Cargill is constantly exploring ways to improve the way we work and service our customers. Sustainability, smart manufacturing and supply chain optimisation are key areas of focus for us; exploring these from Singapore, where so many key players are already innovating, will help us form valuable partnerships from day one. We look forward to joining Rainmaking and ESG on this journey to work with, support, and grow the startup community by keeping them connected to industry needs,” said Dirk Robers, Cargill Digital Labs.

In order to raise awareness on the importance of building resilience and how technology can be leveraged to mitigate risks of disruption, industry outreach efforts will include fireside chats, discussions and demo days.

In July, Rainmaking will host a virtual insight sharing event for innovation partners as well as a ‘Deal Friday’ session that connects businesses, investors, and selected startups with investment and partnership opportunities. 

Programme events will also benefit Institutes of Higher Learning by offering exposure to how advanced practitioners leverage new technologies to transform traditional supply chain management and share real-world case studies and lessons learned, better equipping next-gen supply chain leaders.

“As an advocate of market-oriented open innovation, we welcome programmes like the Supply Chain Resilience Accelerator, which aims to help companies resolve operational pain points, strengthen supply chain resilience and spur growth in a post-pandemic world. With a strong track record in driving open innovation initiatives for the transport and supply chain industry, we believe that Rainmaking’s in-depth knowledge of the ecosystem and network of global partners can complement Singapore’s efforts in accelerating our business community’s adoption of tech-enabled tools, to better manage future disruptions and capture opportunities arising from shifts in global supply chains. This will in turn help to strengthen our local ecosystem and Singapore’s status as a global hub for trade and connectivity,” said Law Chung Ming, Executive Director for Transport and Logistics, Enterprise Singapore.

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