Article: Australian gamblers lose a record $24b in a year - page 2.

eternalgloom

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Quote from: piloder on December 08, 2017, 03:03:07 AM

I thought those losses was also including losses in bitcoin based casino, I think that figure might go upto $30 billion if losses in crypto casinos will be included.

Bitcoin is quite popular in australia and many are using it in daily life so they might also be using it to gamble without exposing themselves.

You can be pretty sure that the number is indeed on the low side if they didn't include any crypto casino's, but I guess it's kinda difficult to get accurate stats on that.
I would also think that there are quite a few high rollers who use Bitcoin casino's just because it's so easy and semi anonymous to transfer large sums.

I also wonder how these numbers compare to other parts of the world...

badjacks99

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Quote from: Nightwatchman on December 05, 2017, 12:53:03 AM

For those in the US, that's around $18b.

For those in Europe, that's around Euro 15.5b.

Interestingly, the report doesn't measure crypto gambling, which is surely now big enough to be in the conversation.

That’s a very good point night watchman. I guarantee if the crypto currency gambling stats were available i’m sure we’d all be surprised that it would probably be about double that. I take it because you’re reporting on an Australian article that you’re from Australia? What kind of Internet gambling laws do they have over there, are they strict of the United States when it comes to Internet gambling? Since online gambling got banned in 2006 a lot of the American gamblers switched over to big coin because it was our only option at the time to play. It’s still the same here in America but at least we have bitcoin sites!

bad_ip

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Quote from: Hell-raiser on December 08, 2017, 04:46:49 AM

Quote from: bad_ip on December 08, 2017, 04:24:40 AM

This year Australia made external online gambling sites virtually illegal, so chances are these stats are from the reporting (ie. legal) gambling operators prior to the "shutdown". I'm sure the actual numbers were far larger.

Stunna, the owner of PrimeDice, seems to be an Aussie, if I'm not mistaken. Thus it shouldn't surprise anyone that gambling is rampant in those quarters, and that the Australian government obviously doesn't quite like it. Making online gambling sites illegal most likely won't change a thing, though. These sites will just move elsewhere.

Ah yeah it's not really that "illegal" gambling sites targeting Aussies can't still do it, it's just that they aren't supposed to.

Hell-raiser

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Quote from: bad_ip on December 08, 2017, 04:24:40 AM

This year Australia made external online gambling sites virtually illegal, so chances are these stats are from the reporting (ie. legal) gambling operators prior to the "shutdown". I'm sure the actual numbers were far larger.

Stunna, the owner of PrimeDice, seems to be an Aussie, if I'm not mistaken. Thus it shouldn't surprise anyone that gambling is rampant in those quarters, and that the Australian government obviously doesn't quite like it. Making online gambling sites illegal most likely won't change a thing, though. These sites will just move elsewhere.

bad_ip

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This year Australia made external online gambling sites virtually illegal, so chances are these stats are from the reporting (ie. legal) gambling operators prior to the "shutdown". I'm sure the actual numbers were far larger.

icanscript

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I think these figures are greatly understated.
It is not a secret that in the gaming system in every way they avoid taxation. Add a crypto casino here.
Against the backdrop of these figures, information about $ 18 billion in the US does not look convincing.

piloder

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I thought those losses was also including losses in bitcoin based casino, I think that figure might go upto $30 billion if losses in crypto casinos will be included.

Bitcoin is quite popular in australia and many are using it in daily life so they might also be using it to gamble without exposing themselves.

bbc.reporter

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That shows that bitcoin gambling sites have a long way to go to grab a large portion of that market share. Some of them have started having their own ICOs to get funding for expansion, new product offerings and marketing their sites towards the mainstream gamblers.

Some of them cannot stay small forever.

DARKANGEL6415

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Well that amount is no small pocket change especially if it is only for Australia. I honestly thought only the USA and Asian countries was the gambling type. Now if this losses are true i am sure the government would still get some kind of tax that they can use for like schools and so forth like they do in the USA.

Nightwatchman

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For those in the US, that's around $18b.

For those in Europe, that's around Euro 15.5b.

Interestingly, the report doesn't measure crypto gambling, which is surely now big enough to be in the conversation.

Nightwatchman

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The Age, Melbourne, Australia
Nick Toscano

Australian gambling losses have hit an all-time high after punters burned through nearly $24 billion in a year, more than half of which was poured into poker machines at pubs and clubs across the country.

New government statistics reveal pokies losses grew 4.2 per cent nationally, roughly double the rate of inflation to reach $12 billion in 2015-16, while sports betting remained the fastest-growing form of gambling.

More:

http://www.theage.com.au/business/australian-gamblers-lose-a-record-24b-in-a-year-20171201-gzwr30.html

Topic: Article: Australian gamblers lose a record $24b in a year - page 2. (Read 650 times)