SPORTS BETTING INDUSTRY Name: Institution: Tutor: Course: Date: Abstract Gambling Practices in Australia is seen to have grown enormously during recent times. According to the ABS data reveals that the expenditure on the legalized gambling has tremendously increased as compared to the past. This report is going to offer a deeper insight into the gambling industry in Australia, highlighting the vital parts of the business. The report targets at informing the public of the available information that regards the current trends in interactive gambling within the country. The report offers the strategic gambling industry analysis of the various factors that influences companies. These factors are inclusive of the new product developments, lifestyle, economic, and, distribution and supply chain factors and pricing issues in the gambling company (Gray 2013). Therefore, the report offers the full analysis that forecasts to illustrate how the gambling market responds to emerging industry trends. Gambling industry Gambling in Australia,just like in mny other countries,is part of the lucrative entertainment industry.It has been part of the Australian leisure activities for more than a century,and continues to occupy a big part of its entertainment. Today, gambling in sport forms an important industr