Australia’s gambling landscape has experienced significant growth, with total wagers across all channels reaching an astonishing AU$244.3 billion in the 2022-23 financial year. This marks an impressive 18.2% increase from the previous year. The surge in online gambling has been particularly noteworthy, with a staggering 165.7% year-on-year rise, now accounting for nearly a third of the country’s total gambling turnover.
While gaming machines continue to dominate the market, land-based casinos have seen the most substantial growth. The only sector to experience a slight decline was lotteries. These figures, released by the Queensland treasury, provide a comprehensive overview of gambling trends across different territories and verticals in Australia.
Key Takeaways
- Australia’s gambling industry has seen substantial growth, with online betting leading the charge
- Gaming machines remain the most popular form of gambling among Australians
- The rise in gambling activity raises questions about potential social impacts and regulatory needs
Gambling profits in Australia reach $32.0bn
The Australian gambling industry saw significant growth in the 2022-23 financial year. Operators’ gross profits rose to $32.0bn, marking a 13.8% increase. Pokies were the top earners, bringing in $15.8bn, which was 22.8% higher than the previous year.
Online gaming experienced a massive surge, with profits jumping 146.3% to $44.4m. Casinos also performed well, with a 27.6% increase to $3.6bn. Keno and minor gaming saw growth too, rising 14.7% and 19.9% respectively.
Notable sectors:
- Pokies: $15.8bn (+22.8%)
- Online gaming: $44.4m (+146.3%)
- Casinos: $3.6bn (+27.6%)
- Keno: $473.2m (+14.7%)
- Minor gaming: $61.0m (+19.9%)
The lottery sector was the only area to experience a decline, with gross profits falling 1.1% to $3.1bn.
NSW Remains Australia’s Gambling Powerhouse
New South Wales continues to dominate Australia’s gambling landscape. In the 2022-23 financial year, the state’s gambling turnover soared to $114.6 billion, marking a 17.1% increase from the previous period. This figure dwarfs other states, with Queensland reaching $56.5 billion and Victoria $44.1 billion.
NSW’s gross profit from gambling activities hit $12.9 billion, further cementing its position as the nation’s gambling capital. Victoria and Queensland followed with $7.4 billion and $6.1 billion respectively.
Top Gambling Turnover by State (2022-23):
- NSW: $114.6 billion
- Queensland: $56.5 billion
- Victoria: $44.1 billion
- South Australia: $11.7 billion
These figures highlight NSW’s significant lead in Australia’s gambling industry, with implications for government revenue from gambling and the prevalence of gaming activities across the state.
Is rising gambling expenditure a cause for alarm?
The escalating gambling expenditure in Australia has sparked concern among advocacy groups. The latest Australian gambling statistics reveal a significant uptick in player spending, raising questions about the effectiveness of current regulations. Critics argue that this surge highlights the need for stronger oversight and more stringent controls on gambling activities.
Key points of concern include:
• Inadequate regulatory framework
• Potential increase in problem gambling
• Need for a national gambling strategy
• Calls for tighter restrictions on gambling advertising
Some experts suggest that a comprehensive approach, including a national regulatory body and stricter advertising rules, may be necessary to address these issues. The government continues to evaluate potential measures, though concrete plans for sweeping changes remain uncertain.
Common Queries About Australian Gambling
What’s the yearly gambling spend in Australia?
Australians wager a staggering amount on gambling each year. The total gambling turnover in Australia recently surpassed $50 billion annually. This equates to roughly $2,500 per adult. The figure covers bets placed with licensed bookmakers and betting agencies across the country.
How has Australia’s gambling turnover changed over time?
The gambling industry in Australia has seen significant growth. Recent data shows a substantial increase in online gambling turnover, which rose by 165.7% year-on-year. Online betting now accounts for 31% of the country’s total gambling turnover, reflecting changing habits and increased digital accessibility.
What’s the breakdown of gambling revenue across Australian states?
Gambling revenue varies among Australian states and territories. While specific figures fluctuate yearly, some states consistently report higher gambling turnovers. The Northern Territory, for instance, records significant online betting turnover due to many operators being licensed there. A detailed breakdown by state is available in the Australian Gambling Statistics report.
What effect has gambling had on Australia’s economy?
Gambling has a notable impact on Australia’s economy. It contributes to government revenue through taxes and creates jobs in various sectors. However, it also presents social and economic challenges. The industry’s growth has sparked debates about its broader economic implications, including potential productivity losses and social costs.
How does Australia’s gambling spend compare globally?
Australia is known for high gambling expenditure compared to many other countries. Per capita spending on gambling in Australia is among the highest globally. This reflects the widespread availability of gambling options and the cultural acceptance of betting, particularly on sports and racing events.
What revenue does the Australian government derive from gambling?
The Australian government collects substantial revenue from gambling activities. This income comes from various sources, including taxes on gambling operators and licensing fees. Government revenue from gambling has fluctuated over the years, influenced by factors such as regulatory changes and shifts in gambling patterns.