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Queensland Gambling Losses Now More than AU$5 Billion Per Year

Pokies account for 63.2% of all losses

by - Thursday, September 21st, 2023 11:38
Problem gambling
Queensland Gambling Losses Now More than AU$5 Billion Per Year, local gambling losses have increased by half a billion dollars to more than AU$5.1 billion ($3.26 billion/€3.07 billion) in the last financial year.
Gambling losses have grown by 11.3% since the previous year

Queensland Gambling Losses Now More than AU$5 Billion Per Year

The majority of the losses came through electronic gaming machines (pokies) with AU$3.2 billion ($2.04 billion/€1.92 billion) or 63.2% of all losses attributed to the gaming machine industry. Meanwhile, casino losses accounted for AU$800 million ($512.3 million/€481.6 million).

  • Pokies – AU$3.2 billion ($2.04 billion/€1.92 billion)
    • Queensland Gambling Losses Now More than AU$5 Billion Per Year
  • 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 Year Queensland Gambling Losses Now More than AU$5 Billion Per Year Queensland Gambling Losses Now More than AU$5 Billion Per Year

Earlier this month, the Interactive Gambling Amendment (Credit and Other Measures) Bill 2023 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 McEneaney

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.