Australian gambling market prospects: assumptions and facts
Australia is one of the few countries with strong roots in gambling. It is in this country that 80% of the population has one way or another experienced gambling in quality casinos. According to European Business Review, the industry is expected to peak in 2025.
Australia currently has around 4,700 lotteries and 6,800 hotels, clubs and pubs offering gambling entertainment. It’s not hard to guess that this is one of the reasons why Australians are one of the most “gambling” nations in the world. It was also one of the first countries to allow casinos to operate legally. All because the Australian authorities once decided to adapt to any progress in the world of technology, including online casinos, which in many countries are banned even in 2021, while it is the casino operators (online and offline) that bring good money to the budget of the country.
The secret of success is simple. Australians simply love to gamble – it’s in their blood. And that’s not even a guess, but a fact, given a recent study we covered here: “Gambling among Australian children” research results. Statistics state that Australians spend $1,000 a year on gambling on average. Not surprisingly, it is also Australia that is commonly regarded as the most “losing” country in the world, which is also a fact, not a guess. According to the New York Times, it became clear that the losses of Australians exceed the losses of Americans in gambling by 100%. Also, Singapore participated in the study – its residents lose 50% less than Australians.
A logical extension of the above would be the gambling problems of people who cannot control themselves. As statistics show, about 120,000 people try this, while about 300,000 other people have the appropriate prerequisites to make the first list. It is for this reason that the government seriously controls the market, steadily integrating innovations aimed at improving the quality of responsible play. 2018 was when the Australian authorities took first steps as citizens spent the highest amount ever on gambling, and that’s where the changes began. In 2019 generosity was the part of the gambling industry: millions of dollars were donated to a fund to fight forest fires. That’s probably a hint that casinos aren’t always a bad thing.
The changes in the gambling market are quite logical. Although, on the other hand, it could be a good reason to block all possible gambling once and for all. But the fact is that the Australians really love and want to gamble, so the government agencies came up with the most expedient solution – to actively fight the problems of gambling. All this can be called responsible gambling.
One of the first steps was to ban players from using a bank card for making deposits, as it is the bank card that allows players to count on a good budget for the game. Also, the self-exclusion feature became of option.
Read more about recent developments in the Australian gambling industry: “Gaming cards: an innovation in the Australian gambling market” and “Facial recognition technology in South Australian casinos“. Gaming cards and facial recognition technology are part of a program aimed at improving the gambling conditions for Australians.
By 2021, it is the Australian market that has come as close as possible to gambling being “healthy”. Even though the number of players has decreased, online and offline gambling establishments continue to function for those who know how to enjoy the game but also how to stop. The Australian market is expected to become even more progressive in the next few years.
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