Australians spend more on gambling than people anywhere else

Posted by Sharyn Rognrust, Category: Gambling,

Australia fritters away more money per person gambling than any other country. According to H2 Gambling Capital, a consultancy, the average adult lost $990 in 2016; 49% more than Singaporeans, the next-biggest losers. According to an old saying, they would bet on two flies walking up a wall. The pokies are far and away the most popular form of flutter, accounting for over half of annual losses (spending on gambling minus the payouts from it) of $18bn (see chart). Source: The Economist