Gambling losses have grown by 11.3% since the previous year
The figures reveal that gambling losses in the state are up 11.3% compared to the previous financial year when losses amounted to AU$4.6 billion ($2.94 billion/€2.76 billion). The losses also exceed the figures for 2018-19 prior to the global pandemic when losses totaled AU$4.3 billion ($2.75 billion/€2.58 billion).
Queensland Gambling Losses Now More than AU$5 Billion Per Year-
Queensland Gambling Losses Now More than AU$5 Billion Per Year
- Casino gaming – AU$800 million ($512.3 million/€481.6 million)
- Lotteries – AU$642.1 million ($411.1 million/€386.5 million)
- Sports betting – AU$313.8 million ($200.9 million/€188.9 million)
Speaking of the increasing losses, Queensland Attorney-General Yvette D’Ath said:
Queensland Gambling Losses Now More than AU$5 Billion Per YearMs D’Ath cited the measures the state has taken to fight problem gambling:
Queensland Gambling Losses Now More than AU$5 Billion Per Year Queensland Gambling Losses Now More than AU$5 Billion Per Year was introduced to the House of Representatives as the federal government seeks to protect vulnerable Australians and their families from the harms of problem gambling. This will place an outright ban on the use of credit cards to fund online gambling.According to the latest Global Gambling Statistics, Australians have the highest gambling losses per person in the world with the average gambler losing around AU$1870 ($1200/€1118) per year. This puts Australian gambling losses at about AU$25 billion ($16 billion/€14.9 billion) per year.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.