J.P. MORGAN RELEASES ‘20 FOR 20’ AUSTRALIAN GAMBLING MARKET PREDICTIONS

Australian gambling expenditure has grown over the past 15 years with increases set to continue (by +1.8% in 2020). While the majority of gambling expenditure growth in recent years has been driven by incremental population growth and foreign visitor influx, softening global economic conditions, subdued consumer sentiment and lower spending levels are expected to impact growth on 2020 (+1.6% expected). However, a shift in the gambling mix suggests that gambling spend on EGMs in clubs and pubs is declining due to household disposable income trending down, in favour of spending increases in sports betting and casinos.

For all the details, download the J.P. Morgan ‘20 for 20’ Report here >>> https://the-drop.com.au/wp-content/uploads/2020/02/JPM_Australian_Gaming_Industry_2020-01-28_3245843.pdf