The online gambling industry has really taken off in Australia in the past several years. Internet betting has not always been welcomed in the country and certainly the internet casinos are a touchy subject. The Australian market opened up the market to outside competition and dropped the state monopolies several years ago. The state gambling monopolies were able to take a hefty portion of the gambling company’s revenues and allocate that money as fit. The horseracing industry has been subsidized by the internet betting for some time now.

That can all change though with the expansion of the current online casino betting and gambling industry. Although some in the horse racing industry are fighting the expansion of gambling through licensing in Tasmania, there is a ripe opportunity here for the horse racing industry to find a long-term and sustainable solution to funding problems by capitalizing on the internet gambling opportunities.

The support for Sportingbet’s Webcast feature is indicated by the increase in Sportingbet shares this year. The share value of the online casino sports betting site has risen as much as 9.2 percent this year alone and analysts attribute that rise in shares to the new products and increasingly positive reputation that Sportingbet is gaining in the industry. The sporting industries account for a huge percentage of the internet betting that takes place all over the world and Sportingbet’s offer provide the company with a prime position within the market for future growth.

The growth in Sportingbet is also attributed to the fact that “sports betting is a more hardy, recession-resilient product [sic]” than the online casinos and several of the other internet gambling markets according to the company’s CEO, Andrew McIver. On a very positive note for the shareholders in Sportingbet, McIver was confident and happy to announce that share holders would receive dividends from the company for the first time since Sportingbet was forced to abruptly leave the US market in 2006.

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The $1,500,000 jackpot available at Intercasino is in the shape of their most popular slots game, Jackpot Pinatas. This game holds the honour of being the largest online casino jackpot that is available to players from the USA.

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It is therefore good news for the world’s largest online poker site, PokerStars.com, that they have been elected as the England Rugby team’s official partner – advertising at major matches as well as other perks will see poker grow in popularity.

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