Thursday 25. August, 2016

Tripp Cautions on Overreaction to Sports Betting Growth

Chief executive of Australian gambling company Crownbet, Matt Tripp, has cautioned groups and the government against an overreaction to the results of a report that indicated that sports betting has increased 30 percent in the last financial year.

The report was released by the Australian Gambling Statistics for 2014-15 and has caused waved in the industry and within the government. There have particularly been calls for tighter regulations on sports betting advertising. However, Tripp suggests that the results are deceptive.

According to Tripp, sports betting is coming from a much lower base being a newer sector of the industry and that if you combine overall wagering, including racing and sports betting, the increase was only 6 percent. In addition, sports betting makes up only 3.58 percent of the 2.27 billion in overall gambling spending by Australians in 2014-15.

“I think when you look at the 30 percent increase, I think you have to look at the wagering market as a whole, not just the 30 percent increase in the sport align in isolation,” stated Tripp.

“And the wagering market as a whole, is growing broadly in line with the economy; low single digit by comparison to some areas of gambling.”

“When looking at the wagering and isolation, which is the space we are playing, it is growing at a very small rate as a whole and there’s a misconception out there in the market that there’s a boom of wagering going to the roof.”

At the same time, Tripp did say he supported the Victorian government’s move to ban betting advertising on public transport and around schools and called on corporate bookmakers to be responsible in their advertising. He did caution on taking these moves too far thereby encouraging punters to move to offshore operators.

TOP CASINOS
10 FREE SPINS

All new Australian players get 10 free spins without deposit!


150 FREE SPINS

Exclusive Australian bonus consisting of a $300 deposit bonus and 150 free spins!


130 FREE SPINS

All new Australian players get 130 free spins and bonuses up to €1000 on the first three deposits.


30 FREE SPINS

Get 30 free spins and 4 welcome bonuses to a total value of $1400 as a new Australian customer!


35 FREE SPINS

New Australian players get 35 free spins on Spiñata Grande and a 100% welcome bonus up to $200!


400% BONUS

As a new Australian customer, deposit €100 and you will get €500 to play for!


€10 EXCLUSIVE BONUS

Get a €10 exclusive bonus on your first depost and get 10% top-up on your winnings or 10% cashback on your losses the first week.


200 FREE SPINS

Get 50% of the deposit you make in free spins! Deposit $400 in order to get 200 free spins! Also, 100% bonus on your first deposit!


$500 BONUS

Join All Australian Casino and get a 100% bonus up to $500 as a new Australian customer!


50 FREE SPINS

As a new Australian player, you get 50 free spins and a 200% welcome bonus!


180 FREE SPINS

Get up to $1000 in bonus on your first four deposits. Also, 180 free spins to all new Australian players!


100 FREE SPINS

Get 100 free spins on Starburst and a first deposit bonus worth up to $400 as a new Australian player!


PokiesPedia was last updated:
April 16, 2017

Receive 100 Free Spins Now!

Receive 100 Free Spins Now!

Join our mailing list to receive 100 free spins instantly and the best bonus offers for Australians!

You have Successfully Subscribed!