Beyond the Lucky Streak: Understanding the Real Cost of Gambling in Australia

The gambling industry in Australia is vast and influential, impacting both the economy and society. In 2022, approximately 73% of Australian adults reported spending money on gambling, making it a prevalent activity across the nation​ (AIHW)​. The most popular forms of gambling include lotteries, scratch cards, race betting, sports betting, and electronic gaming machines (pokies)​ (AIHW)​.

Economic Implications

In the 2019-20 financial year, the gambling industry in Australia generated $5.8 billion in taxation revenue, contributed approximately $16.8 billion in industry value added to the economy, and employed around 201,950 people, with total salaries and wages amounting to just over $10.5 billion. Additionally, casinos and hotels and clubs contributed approximately $587 million and $2,839 million, respectively, in direct tourism gross value added to the economy (Australian Gaming Council).

Source: Australian Gaming Council

Societal Impact

Despite its economic benefits, the societal costs of gambling are considerable. Nearly half of Australians who gambled in the 12 months to March 2023 can be classified as being at risk of or already experiencing gambling harm​ (Australian Institute of Family Studies)​. This harm includes financial stress, mental health issues, and social problems. In 2022, 38% of Australian adults gambled at least once a week, with men participating more frequently and spending more money than women​ (AIHW)​​ (Australian Institute of Family Studies)​.

The exposure to gambling advertising exacerbates these issues. A significant portion of Australians (78%) reported seeing or hearing wagering advertisements at least once a week, with young people being particularly susceptible​ (Australian Institute of Family Studies)​. This exposure often leads to increased gambling behaviour and higher risks of harm, particularly among younger adults and those already at risk​ (Australian Institute of Family Studies)​.

Government and Public Response

Public concern over the prevalence of gambling and its associated harms has led to calls for stricter regulations. Many Australians believe that there are too many opportunities for gambling and support measures to limit advertising and the availability of gambling products​ (Australian Institute of Family Studies)​. Proposed initiatives include banning gambling advertisements before 10:30 pm and reducing the number of electronic gaming machines​ (Australian Institute of Family Studies)​.

Conclusion

The gambling industry in Australia is a double-edged sword, offering economic benefits while posing significant risks to public health and wellbeing. Balancing these factors requires robust regulatory frameworks and effective public health interventions to minimise harm and support those affected by problem gambling.