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Pokies Still Dominate in Australia
LATEST AUSSIE GAMBLING STATS SHOW POKIES STILL DOMINATE
But punter losses on sports betting are rapidly increasing.
Sports betting losses are rapidly increasing in Australia but they remain way behind those incurred on the pokies, according to the latest statistics released this month.
The Australian Gambling Statistics show Australians lost A$ 22.7 billion in 2014-15, which equates to $1,242 per adult member of the national population.
Pokies remain the punters favourite and accounted for more than 70 percent of turnover and half the losses. More than A$12 billion was lost on electronic gaming machines, but sport betting losses are rapidly increasing, the numbers indicate.
Australian sport punters lost A$814.6 million in 2014-15, a 30 percent increase on the previous year and seven times what they lost in 2004-05. However, sports betting losses contributed just 7.7 percent of the overall increase in gambling losses for the financial year.
Anti-gambling politicians were quick to seize on the new figures, with Independent senator Nick Xenophon commenting:
"Governments can no longer ignore not only the huge amount of money lost on gambling but the harm gambling causes to our communities."
The increased saturation of sports betting advertising in Australian media has been attributed to the spike in gambling losses.
However, CrownBet chief executive Matthew Tripp told local reporters that although online gambling and sport betting has increased, wagering as a whole is growing at a very slow rate.
Tripp is supportive of regulating when and where gambling can be advertised, but says suggested blanket bans on advertising are "fraught with danger".
"Itll force a lot of these gambling dollars back offshore into an unregulated environment," he said Tuesday.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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