Return to site

Sports betting industry dollars

broken image

So, $225 billion spent on gambling in one year. 2018-19 data will therefore probably be a more appropriate data set to use. During the pandemic though, most sports were suspended for extended periods, while casinos and racing would also have taken a hit from lockdowns. This figure is actually down 25.2% from the previous year, where the figure was around $225 billion. The latest statistics published by the Queensland Treasury in the 37th edition of Australian Gambling Statistics (regarded as the authoritative source of gambling statistics in Australia) show that, in total, Australians bet more than $174 billion in 2019-20. Gambling in Australia statistics – how much do we lose? This isn’t a hit piece on gambling (I’ve done it myself before and will probably do it again at some point), but it’s interesting and even a little depressing to see the effect that rampant gambling can have on people, in ways that go beyond just their bank accounts.

broken image

How do Australian gamblers compare to other populations?įar too many Australians are losing large sums of money through gambling, and it’s hurting our savings accounts.

broken image