- »Australians Top Gamblers – Market Study Worldwide Online Gambling Report 2020
Australians Top Gamblers – Market Study Worldwide Online Gambling Report 2020
Report Outlines Global Gaming Market Forecasts
Market Study Report’s Worldwide Online Gambling Market forecast details every market driver and analyses the industry, helping investors seek out new business opportunities and fine-tune their existing strategies.
Zenit News reports the study offers an in-depth examination of the industry through the assessment of the primary growth stimulants, opportunities and constraints that shape the market dynamics through the analysis time frame.
Industry experts have claimed the online gambling market is set to boom in the five years to 2025, with fluctuations in supply and demand channels a result of strict lockdown measures imposed to address the coronavirus pandemic.
With regards to the uncertainty of revenue in the near term, companies are expected to face challenges even once the global economy recovers from the pandemic, the report said.
The document offers an all-inclusive analysis of the various market segments in order to understand the revenue prospects of each.
Key aspects of the report include a list of market-leading companies, the impact of the pandemic on growth, a study of industry trends, growth prospects and advantages and disadvantages of sales channels.
The report also offers regional analysis of each major territory: North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Poker, casino and sports betting are all covered in detail, as are desktop and mobile digital offerings.
A comparative look at the current landscape from leading operators including 888, William Hill, Betsoon, Unibet and Royal Vegas, including key participants and demographic information, helps inform investors on where opportunities lay that are best suited to their priorities.
Aussies Top Global Gambling Stats
Australians love to gambling and it’s reflected in global gambling statistics that Australians are the biggest gambling losers in the world.
ABC News reports that UK-based global gaming analysts H2 Gambling Capital put Australia’s losses at US$958 per person in 2017, or $1324 Australian dollars, or 1.6 per cent of the average full time, pre-tax earnings.
In statistics published by the Queensland Treasury, the 35th edition of the Australian Gambling Statistics, regarded as the authoritative source of gambling statistics in Australia, show that, in total, Australians bet more than $242 billion in 2017-18.
National gambling losses are totalled at $24.88 billion, a five per cent increase on the last survey figures from 2016-17.
Hong Kong is the second highest, but a long way back at US$768 per person or 20 per cent less in terms of losses.
New Zealanders lose less than half as much gambling as Australians.
Singapore, Finland and NZ in top 5
The top 15 list of average gambling loss per adult has Singapore in third (US$725), Finland in fourth (US$515) and New Zealand fifth with US$454.
Alliance for Gambling Reform chief advocate Tim Costello said in December that the impacts of these high losses could no longer be tolerated.
“Gambling harm encompasses everything from the loss of homes and relationships, to the loss of lives through deaths by suicide associated with gambling harm” Mr Costello said.
“There are direct connections in some instances between gambling harm and family violence and mental ill-health.
“When you consider for every person directly experiencing gambling harm it is estimated at least six more people connected to those people experience some impact, we are talking about an issue that affects an extraordinary number of Australians,” he said.
In terms of online gambling spend, Macau leads all regions.
Macau’s high tourist population ensures its position, while despite Australia’s exception numbers when it comes to losses and accumulated revenue, it is largely due to its abundance of bricks and mortar poker machines.