Queensland’s gambling woes: AUD5.1 Billion lost, pokies in focus
The AUD5.1 billion in losses made by gamblers during the 2022–2023 financial year, an 11.3% increase from the prior year, show that the gambling industry in Queensland is expanding.
Among all forms of gambling, electronic gaming machines (EGMs) were the source of concern, accounting for AUD3.2 billion in losses.
Online Sports betting contributed to AUD313.8 million in losses; lotteries amounted to AUD642.1 million, and casinos witnessed AUD800 million in losses.
This worrisome trend has compelled the Queensland government to take action, with Attorney General Yvette D’Ath highlighting factors that may contribute to these mounting losses, including shifts in spending patterns. In response to this issue, the government has allocated AUD7.8 million towards Gambling Help Queensland.
Queensland has implemented regulations such as a spin rate of 3 seconds per game on gaming machines found in clubs and hotels. Since July, Queensland venues have also been adhering to a six-hour shutdown period commencing at 4am each day.
Additionally, the government is actively working towards making cashless gaming mandatory for transactions exceeding AUD1000 within Queensland’s casinos.
Despite these measures being put into place, Clubs Queensland, which serves as the leading body for clubs across Queensland. Maintains that clubs contribute significantly to their communities by channeling millions of dollars towards supporting local organisations and promoting responsible and sustainable activities among their patrons.
However, Carol Bennett, who serves as the CEO of the Alliance for Gambling Reform, believes that it is crucial for the government to take measures in order to safeguard vulnerable players. She emphasises that addressing this matter should be a priority.
The federal government has already implemented measures to prohibit the use of credit cards for gambling.
Additionally, the Queensland government has imposed limits on the number of gaming machines allowed in pubs and clubs. The worrying losses in Queensland highlight the significance of implementing a strategy to lessen gambling-related harm.
It requires collaboration between governments, industry stakeholders, and community organisations in order to effectively tackle this issue and provide protection for all players.
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