Horseracing Profitable for Aussies

The gambling industry in Tasmania has had a very good 2007-2008 season, especially when it comes to horse racing. A lot of this has to do with the fact that they made their system more online casino user friendly. They also have a lot of credit to give to Betfair, the company that help bring in lots of business from outside the Australian borders. How thankful should they be, you ask? Well, seeing as how horseracing brought in $498 million in one year, I would say that plenty of thanks need to be going around. Much like online casinos, the horse racing business has prospered sue to international business and the availability that they provide their customers.

The total gain from last years performance is 27 percent higher than the previous year’s earnings. Most of their revenue was thanks to their large international customer base, 70 percent of it to be exact. The company’s total earnings were an impressive $478 million. All of these figures were provided by the company, TOTE, who provides all of Tasmania’s annual reports. The people over at TOTE have had a very good relationship with the people at Betfair. The online casino reports in Tasmania have also come out very positively this year. Sports betting all over the world has proved to be a profitable venture. Especially in the United States where it is illegal to play at online casinos. In the U.S. the only form of online gambling that is legal is sports betting. So it is very likely that this industry will stay a powerhouse in the online gambling industry for years to come.