It is not surprising to note that more than 85% of the population in Australia engages in some form of gambling or the other. Annually, millions of AUD is generated to the coffers of the country.
Australians love to place bets, be it online slots, table games, casino games, and so on. In major cities like Melbourne and Sydney, casino malls play a significant role in attracting gamblers from other countries.
Perhaps, the main reason why players from America and the EU come down is that of the lax rules in taxes. The winnings are deposited in your account. Gambling is one of the most profitable industries making close to 4 billion AUD annually.
Australians love to gamble and place huge bets.
Based on research done by PreviewCasinos Australia , Australian place the highest bets in the world. The bets are placed on online casinos, establishments, and poker. Data has shown that they spend more than AUD 10 billion per year.
When compared to American gamblers, Australian punters lose lower amounts on gambling. Perhaps, the huge taxes come to play in America. Most of the tourist who comes down to Australia specifically to gamble and place bets are from the United States of America.
The government of Australia earns more than AUD 3 billion in taxes from the gambling industry. The country owns and operates more than 2, 00, 000 slot machines in Australia. In NSW alone there are more than 1, 00, 000 poker machines.
Gambling's influence on their economy
Many casinos are created to attract tourists, both international and local. They have succeeded immensely in doing that. Apart from that, casino malls have elevated urban areas and made them ultra-modern.
Most of the tourists that visit Australian casino malls are from the United Kingdom and the United States of America, where taxes on gambling are pretty high. These tourists do not mind spending large amounts in placing bets in Australia.
They visit once a year and spend close to AUD 5, 000. The reason for that being, they stand to win more. Casino malls in Australia are designed within 5-star hotels with other forms of entertainment nearby.
Once the visitor has finished playing, they can visit the restaurant for a quick bite or grab a cocktail from the bar located nearby. This way, cities like Melbourne and Sydney stand to benefit.
Australia has the most number of casino machines in the world. Melbourne alone has more casino machines than Las Vegas.
Effects of Australian online casinos
Not to be left behind Australian online casinos provide ample economy to the country. That is because they generate plenty of income for the Australian government. Gambling industry taxes are more than the influx of revenue generated from tourism.
With the gambling industry showing excellent signs of growth, it is only evidence of the fact that the number of gambling infrastructure stands for immense growth. By the year 2020, the gambling industry is going to generate more than 5 billion dollars.
Why is gambling gaining popularity in Australia?
On average Australians gamble for $1,000 to $2,000 annually. The winnings also keep increasing every year. That has given rise to the number of punters in Australia. Some of them are professionals in their field and make several million dollars per year.
A supportive government, excellent marketing, and giving out huge rewards for players have become the main contributing factors for developing the gambling culture in Australia. It comes as no surprise that 80% of citizens enjoy gambling as a hobby.
Though they do not end up winning always, they keep trying until they hit the jackpot. The odds of winning tend to keep pushing them on. Australian online casinos welcome people from all over the world to gamble and improve on their chance of winning.