Bitcoin Forum
September 25, 2018, 06:19:57 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Article: Australian gamblers lose a record $24b in a year  (Read 501 times)
omonuyak
Sr. Member
****
Offline Offline

Activity: 546
Merit: 264


View Profile
December 10, 2017, 06:54:50 AM
 #21

That is a very huge amount of money that can fund budget in some states of my country of origin. Gambling is really addiction for some that have benefits from it. I have been trying to see reason that the gambling company are far richer than some African countries as most of those loses fund do flow back to them.
1537899597
Hero Member
*
Offline Offline

Posts: 1537899597

View Profile Personal Message (Offline)

Ignore
1537899597
Reply with quote  #2

1537899597
Report to moderator
1537899597
Hero Member
*
Offline Offline

Posts: 1537899597

View Profile Personal Message (Offline)

Ignore
1537899597
Reply with quote  #2

1537899597
Report to moderator
Make a difference with your Ether.
Donate Ether for the greater good.
SPRING.WETRUST.IO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Don Pedro Dinero
Full Member
***
Offline Offline

Activity: 420
Merit: 199



View Profile
December 10, 2017, 07:09:31 AM
 #22

Some people wonder whether to invest in casinos is profitable, you only have to see news like this to see how profitable casinos are. The best strategy to make money in casinos is to be the owner, or at least one of the investors.

As for pokies, a friend of mine works in the casino industry and he tells me it is the most profitable game (for the casino), so I’m not surprised the main amount is lost playing them.

★★★ BitCloak Bitcoin Mixer |BTC & BCH| FAST MIX | API | PGP PROOF | ESCROW ★★★
Tor and Clearnet mirrors | Payouts Every 60 seconds | Cheap 2% Service Fee | The Most Advanced Mixer | Discuss More
Panda Trump
Sr. Member
****
Offline Offline

Activity: 490
Merit: 254



View Profile WWW
December 10, 2017, 07:00:56 PM
 #23

The Age, Melbourne, Australia
Nick Toscano

Australian gambling losses have hit an all-time high after punters burned through nearly $24 billion in a year, more than half of which was poured into poker machines at pubs and clubs across the country.

New government statistics reveal pokies losses grew 4.2 per cent nationally, roughly double the rate of inflation to reach $12 billion in 2015-16, while sports betting remained the fastest-growing form of gambling.

More:

http://www.theage.com.au/business/australian-gamblers-lose-a-record-24b-in-a-year-20171201-gzwr30.html



The largest WTF of this is that Australia's population counts only 24 million people... That means $1000 gambling loss per person.

According to an article published at TheWeek, Americans lose about 120 billion USD per year.
With a population of over 330 million, that accounts to about $350 gambling losses per person.

The average Dutch citizen loses only $200/year due to gambling.
Though I must say... I'm Dutch too and I don't gamble. I also don't know many people who gamble, so it's probably a small group losing a lot of money, making it look like every single person in Australia wastes a lot of money on gambling purposes.

Quite an impressive amount though... $24b could be spent so much better, like on research to agricultural development, asteroid mining technology, renewable sources of energy generation, etc!
Sad actually, if you think about it...



Vannie12
Full Member
***
Offline Offline

Activity: 406
Merit: 123



View Profile
December 11, 2017, 08:35:39 AM
 #24

Well that amount is no small pocket change especially if it is only for Australia. I honestly thought only the USA and Asian countries was the gambling type. Now if this losses are true i am sure the government would still get some kind of tax that they can use for like schools and so forth  like they do in the USA.

I agree with you. Sometimes hobbies becomes addicting triggered by money as capital and investment.
And I think Asian such as my country, are prone to gambling addiction due to unemployment and Unfinished studies due to poverty. In short socio-economical status may be one of the reasons. The need to gamble and obsession to earn big leads to loses.

icanscript
Hero Member
*****
Offline Offline

Activity: 700
Merit: 502



View Profile
December 11, 2017, 09:08:40 AM
 #25

Unfortunately, we operate with the statistics of 2014. It is possible to collect statistical data on lost money, today it is not possible. In particular, this is due to crypto-economics.
Juggy777
Sr. Member
****
Online Online

Activity: 700
Merit: 314



View Profile
December 11, 2017, 09:51:50 AM
 #26

The Age, Melbourne, Australia
Nick Toscano

Australian gambling losses have hit an all-time high after punters burned through nearly $24 billion in a year, more than half of which was poured into poker machines at pubs and clubs across the country.

New government statistics reveal pokies losses grew 4.2 per cent nationally, roughly double the rate of inflation to reach $12 billion in 2015-16, while sports betting remained the fastest-growing form of gambling.

More:

http://www.theage.com.au/business/australian-gamblers-lose-a-record-24b-in-a-year-20171201-gzwr30.html



Haha 24Billion in gambling that's quite a huge amount, look like Australia is turning out to be a bigger hub for Bitcoins gambling, I knew Australians liked to gamble but to gamble so much and so high is crazy. This shows that bitcoin is being quiet popular in Australia and this a good thing. I am sure on my next trip there I'll definitely play out there, gambling casinos hubs are always welcome. Plus the very fact that they like to gamble with bitcoins is a big plus.

BitDice[]               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
adaseb
Legendary
*
Offline Offline

Activity: 1722
Merit: 1086



View Profile
December 11, 2017, 09:59:26 AM
 #27

Unfortunately, we operate with the statistics of 2014. It is possible to collect statistical data on lost money, today it is not possible. In particular, this is due to crypto-economics.

Those statistics are based on records which are verifiable. Basically most first world nations with a regulated casino industry have these records.

I still don't think Australian gamblers however are the biggest.

Take Vegas for instant. I am pretty sure they generate more than 24b in revenue every year. Just look at the MGM stock minutes and they give you partial data to this.

The crypto-gambling profits and losses are probably impossible to verify. At least not yet.

.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
cruso
Jr. Member
*
Offline Offline

Activity: 51
Merit: 10


View Profile
December 11, 2017, 01:56:36 PM
 #28

Australia has a big gambling problem, no surprise here. They are the worlds most prolofic gamblers based on income per capita spending. Pokies are situated everywhere you look, and there is no single pub without one. Aussies like Brits love a flutter, and I know a lot of people that have lost jobs and important relationships to this disease. The government introduced regulations to help fight the problem but I don't see it working. this will worsen until there is a complete ban on gambling.
william_hant
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
December 11, 2017, 02:24:13 PM
 #29

Ok, so lets cut to the chase.....

Who know any good poker sites based in Australia? Grin Grin Grin

Asking for a friend.....
bering
Legendary
*
Offline Offline

Activity: 1302
Merit: 1002


View Profile
December 11, 2017, 03:31:38 PM
 #30

those statistics indeed was terrible records but gambling is personal especially for those who being an gambling addicted never thinking about those statistics and the statistics possibly to increase for every year however spend 24 Billion only at the gambling tables i think australia government should be thinking alternative way to decrease those numbers because in my view the statistics showing that plenty people are being addicted gamble in that country
kobradobra
Member
**
Offline Offline

Activity: 168
Merit: 10

Large scale, green crypto mining ICO


View Profile
December 11, 2017, 09:57:21 PM
 #31

They are maniacs when it comes about pokies  Cheesy Also AFAIK the average annual lose per capita (adult) is more than 1000$. So yeah, ossies rule!!

│  █▀▀▀▄░▄▀▀▀▀  │   D E C E N T                         
│  █░░░░█░░░░░  │   BLOCKCHAIN CONTENT DISTRIBUTION PLATFORM                        ( ( (   JOIN OUR TELEGRAM   ) ) )
│  █▄▄▄▀░▀▄▄▄▄  │   DCore  │ Blockchain you can actually build on.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!