Gambling losses in Queensland have surged, with residents losing an additional half a billion dollars in a single year primarily due to electronic gaming machines, according to the latest data from the state’s government.
The figures reveal that in the 2022-23 financial year, gamblers lost a total of $3.27 billion (AUD5.1 billion), marking an 11.3% increase from the previous year’s losses of $2.95 billion (AUD4.6 billion).
The losses reported in the past year also surpassed the $2.76 billion (AUD4.3 billion) recorded in 2018-19, which was the last financial year before the onset of the COVID-19 pandemic.
Electronic gaming machines were responsible for the majority of losses, accounting for $2.05 billion (AUD3.2 billion), or 63.2% of the total losses. Casino losses amounted to nearly $513.3 million (AUD800 million), with additional losses of $412 million (AUD642.1 million) from lotteries and $201.3 million (AUD313.8 million) from wagering.
Queensland Attorney-General Yvette D’Ath acknowledged the increase in gambling losses and cited various factors that could contribute to this trend, including changes in discretionary spending patterns. However, she noted that predicting future gambling expenditure trends with certainty is challenging due to the multifaceted factors involved, as reported by ABC Radio Brisbane.
D’Ath mentioned several government measures aimed at addressing gambling harm, including a $5 million (AUD7.8 million) allocation to Gambling Help Queensland in the recent state budget.
Queensland has already implemented certain restrictions, such as a $64.17 (AUD100) cash load-up limit and a minimum spin rate of 3 seconds per game on club and hotel gaming machines. Additionally, 97% of Queensland venues observe a six-hour shutdown period from 4 a.m.
The government is also working towards mandating cashless gaming for transactions over $641.7 (AUD1000) in Queensland casinos as part of its efforts to protect individuals from excessive gambling losses.
Carol Bennett, CEO of the Alliance for Gambling Reform, expressed concern about the significant increase in gambling losses, particularly during challenging times. “At the end of the day, we need to see both the federal government and the state governments really make this a national priority,” she said, as per the cited media.
In Queensland, the state government regulates the number of electronic gaming machines allowed in pubs and clubs. In a statement, Clubs Queensland, an industry group representing community clubs, emphasized their commitment to “community benefit” and responsible gaming activities, noting that the revenue generated supports various local organizations.
