Also AFAIK the average annual lose per capita (adult) is more than 1000$. So yeah, ossies rule!! 
Topic: Article: Australian gamblers lose a record $24b in a year (Read 650 times)
They are maniacs when it comes about pokies Also AFAIK the average annual lose per capita (adult) is more than 1000$. So yeah, ossies rule!!
Also AFAIK the average annual lose per capita (adult) is more than 1000$. So yeah, ossies rule!! 
those statistics indeed was terrible records but gambling is personal especially for those who being an gambling addicted never thinking about those statistics and the statistics possibly to increase for every year however spend 24 Billion only at the gambling tables i think australia government should be thinking alternative way to decrease those numbers because in my view the statistics showing that plenty people are being addicted gamble in that country
Ok, so lets cut to the chase.....
Who know any good poker sites based in Australia?
Asking for a friend.....
Who know any good poker sites based in Australia?
Asking for a friend.....
Australia has a big gambling problem, no surprise here. They are the worlds most prolofic gamblers based on income per capita spending. Pokies are situated everywhere you look, and there is no single pub without one. Aussies like Brits love a flutter, and I know a lot of people that have lost jobs and important relationships to this disease. The government introduced regulations to help fight the problem but I don't see it working. this will worsen until there is a complete ban on gambling.
Unfortunately, we operate with the statistics of 2014. It is possible to collect statistical data on lost money, today it is not possible. In particular, this is due to crypto-economics.
Those statistics are based on records which are verifiable. Basically most first world nations with a regulated casino industry have these records.
I still don't think Australian gamblers however are the biggest.
Take Vegas for instant. I am pretty sure they generate more than 24b in revenue every year. Just look at the MGM stock minutes and they give you partial data to this.
The crypto-gambling profits and losses are probably impossible to verify. At least not yet.
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
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
Haha 24Billion in gambling that's quite a huge amount, look like Australia is turning out to be a bigger hub for Bitcoins gambling, I knew Australians liked to gamble but to gamble so much and so high is crazy. This shows that bitcoin is being quiet popular in Australia and this a good thing. I am sure on my next trip there I'll definitely play out there, gambling casinos hubs are always welcome. Plus the very fact that they like to gamble with bitcoins is a big plus.
Unfortunately, we operate with the statistics of 2014. It is possible to collect statistical data on lost money, today it is not possible. In particular, this is due to crypto-economics.
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.
I agree with you. Sometimes hobbies becomes addicting triggered by money as capital and investment.
And I think Asian such as my country, are prone to gambling addiction due to unemployment and Unfinished studies due to poverty. In short socio-economical status may be one of the reasons. The need to gamble and obsession to earn big leads to loses.
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
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
The largest WTF of this is that Australia's population counts only 24 million people... That means $1000 gambling loss per person.
According to an article published at TheWeek, Americans lose about 120 billion USD per year.
With a population of over 330 million, that accounts to about $350 gambling losses per person.
The average Dutch citizen loses only $200/year due to gambling.
Though I must say... I'm Dutch too and I don't gamble. I also don't know many people who gamble, so it's probably a small group losing a lot of money, making it look like every single person in Australia wastes a lot of money on gambling purposes.
Quite an impressive amount though... $24b could be spent so much better, like on research to agricultural development, asteroid mining technology, renewable sources of energy generation, etc!
Sad actually, if you think about it...
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Some people wonder whether to invest in casinos is profitable, you only have to see news like this to see how profitable casinos are. The best strategy to make money in casinos is to be the owner, or at least one of the investors.
As for pokies, a friend of mine works in the casino industry and he tells me it is the most profitable game (for the casino), so I’m not surprised the main amount is lost playing them.
As for pokies, a friend of mine works in the casino industry and he tells me it is the most profitable game (for the casino), so I’m not surprised the main amount is lost playing them.
That is a very huge amount of money that can fund budget in some states of my country of origin. Gambling is really addiction for some that have benefits from it. I have been trying to see reason that the gambling company are far richer than some African countries as most of those loses fund do flow back to them.
How do they get these numbers from?
These are from only land based casinos and not including other forms of gambling such as the little old ladies at the bingo hall and the bitcoin gambling community.
Include those numbers and that assessment of the total amount lost to gambling might be about 20-30% more.
These are from only land based casinos and not including other forms of gambling such as the little old ladies at the bingo hall and the bitcoin gambling community.
Include those numbers and that assessment of the total amount lost to gambling might be about 20-30% more.
Exactly i think these numbers are just a rough estimate of people losing in gambling in Australia. But thats the one side of the story. There are people wining from gambling too and the profit earned by the gamblers should be shared online too so that we can compare the both Win and loses percentages and amount.
Just imagine 24 Billion dollar lost in Gambling makes gambling a real million dollar business worldwide.
@m0gliE. There are some people who have gambling addiction and it is the same sickness, if you can call it that, as alcohol addiction or drug addiction.
I have seen some broke people beg for some money on parking lots outside a real casino, and they always say that they will pay you back after they win. Pitiful. They need help.
I have seen some broke people beg for some money on parking lots outside a real casino, and they always say that they will pay you back after they win. Pitiful. They need help.
WHAT THE FUUUUUUUCK?
Oh maaaaan!
I was sad about what I lost (about 0.1BTC) and thought it was much but... hell!
That's impossible Oo
You just can't lose so much... Not on gambling...
Oh maaaaan!
I was sad about what I lost (about 0.1BTC) and thought it was much but... hell!
That's impossible Oo
You just can't lose so much... Not on gambling...
This is understandable since when you multiply the population of Australia it doesn't amount to that much per household despite that number being so high.
Really? I would have said this was complete "bollocks" 
if you had told me this on the street. $24,000,000,000 seems like a tons of money for just Australia alone.
if you had told me this on the street. $24,000,000,000 seems like a tons of money for just Australia alone. How do they get these numbers from?
These are from only land based casinos and not including other forms of gambling such as the little old ladies at the bingo hall and the bitcoin gambling community.
Include those numbers and that assessment of the total amount lost to gambling might be about 20-30% more.
These are from only land based casinos and not including other forms of gambling such as the little old ladies at the bingo hall and the bitcoin gambling community.
Include those numbers and that assessment of the total amount lost to gambling might be about 20-30% more.
Mostly these numbers are only from legally registered gambling sites whether it may be land-based casinos or online but they should be registered and paid taxes for all those transactions. So there should be many other casinos illegally running and total amount should be even more than what this newspaper published.
How do they get these numbers from?
These are from only land based casinos and not including other forms of gambling such as the little old ladies at the bingo hall and the bitcoin gambling community.
Include those numbers and that assessment of the total amount lost to gambling might be about 20-30% more.
These are from only land based casinos and not including other forms of gambling such as the little old ladies at the bingo hall and the bitcoin gambling community.
Include those numbers and that assessment of the total amount lost to gambling might be about 20-30% more.
People can really get hooked a d addicted to gambling. Im sure Australian government will do their part to get the tax out of it. Gambling sites that uses bitcoin have a large market to cater in Australia, if bitcoin is included in the report it would be bigger than that.
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.
That's a huge amount indeed! That's interesting. Why are they like this? The main amount of money is lost on pokies. Yet there's even an article in Wikipedia about Australian gambling. It is said there that 80%+ adult people are engaged in some form of gambling there. And in the main gambling state (it is also the state in which the biggest amount of people live) New South Wales has 95,800 pokies!Maybe the government doesn't forbid gambling there, because the taxes are collected from it and I guess it's a solid amount of money. I think they should not be forbidden, but should be put in some specific gambling cities, not be available throughout the country.
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. 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.
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...
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.
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!
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.
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.
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.
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.
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.
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.
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.
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.
Some of them cannot stay small forever.
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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.
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.
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.
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
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
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