Tatts and Tabcorp are two of the biggest publically listed companies in the Australian wagering and gambling entertainment space. Tatts is a supplier of lotteries, wagering and gaming products and services. Tabcorp's business also incorporates wagering (including the retail network of TAB outlets and Sky Racing) and gaming services. The wagering and gambling related businesses of both Tatts and Tabcorp are heavily regulated by both the Federal Government and state and territory governments. The gambling divisions of Tabcorp and Tatts Group Limited overlap in respect of electronic gambling machines and ancillary services in Queensland.