Daily Bulletin


Business News

  • Written by News Company

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.

Writers Wanted

Explainer: why the government can't simply cancel its pandemic debt by printing more money

arrow_forward

At the heart of the broken model for funding aged care is broken trust. Here's how to fix it

arrow_forward

Kaspersky paints Australia’s future of a driverless era

arrow_forward

What Few People Know About Painters

What do you look for when renting a house? Most potential tenants look for the general appearance of a house. If the house is poorly decorated, they are likely to turn you off. A painter Adelaide ...

News Co - avatar News Co

Important Instagram marketing tips

Instagram marketing is one of the most important approaches for digital advertisers. If you want to promote products online, then Instagram along with Facebook is the perfect option. After Faceboo...

News Co - avatar News Co

Top 3 Accident Law Firms of Riverside County, CA

Do you live in Riverside County and faced an accident and now looking for a trusted Law firm to present your case? If yes, then you have come to the right place. The purpose of the article is to...

News Co - avatar News Co

3 Ways to Keep Your Business Safe with Roller Shutters

If you operate your business in a neighbourhood or city that is not known for being a safe environment, it is not surprising if you often worry about the safety of your business establishments o...

News Co - avatar News Co

Expert Tips on How to Create a Digital Product to Sell on Your Blog

As the managing director of a growing talent agency, I use the company blog to not only promote my business but as a way to establish ourselves as an authority in our industry. You see, blogs a...

Adam Jacobs - avatar Adam Jacobs

How to Find A company with Tijuana manufacturing

If you have decided to launch a business in Tijuana, there is a need to know about the manufacturing companies. The decision to choose a manufacturing company is not so easy as it looks.   The rig...

News Company - avatar News Company


The Conversation
INTERWEBS DIGITAL AGENCY

Politics

Prime Minister Interview with Kieran Gilbert, Sky News

KIERAN GILBERT: Kieran Gilbert here with you and the Prime Minister joins me. Prime Minister, thanks so much for your time.  PRIME MINISTER: G'day Kieran.  GILBERT: An assumption a vaccine is ...

Daily Bulletin - avatar Daily Bulletin

Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

Scott Morrison: the right man at the right time

Australia is not at war with another nation or ideology in August 2020 but the nation is in conflict. There are serious threats from China and there are many challenges flowing from the pandemic tha...

Greg Rogers - avatar Greg Rogers



News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion