The rapid growth in sports betting in Australia -- confirmed last week by the largest TAB operator, Tabcorp, which recorded a 60% jump in revenue from its sports betting activities -- is going to lead to renewed demands for greater regulation of sports betting, and revenue sharing with major sporting bodies.

In the 2006-2007 financial year, there was also massive growth in betting on the internet. In Tabcorp’s case it topped $1 billion for the first time - up 23% on the previous year.