Australians still biggest gambling losers

Australians have been named again as the world’s biggest gambling losers by H2 Gambling Capital, according to a report from Casino Guardian.

According to estimates from the UK-research firm, the average Australian adult lost on average A$1,324 in 2017.

In second place, was Hong Kong citizens, which racked up an average loss of $768.

Singaporeans came in at a close third at $725 in average gambling losses in a year.

In the 2016/17 financial year, Australia’s total gambling expenditure fell 0.5 percent year-on-year, with casino table games posting a 7.8 percent drop in the same period, according to the latest figures from the Queensland Government Statistician’s Office.

Total gambling turnover was A$23.69 billion ($16.9 billion), with casino expenditure dropping to $4.79 billion. Expenditure of gaming machines was up 0.5 percent to $12.13 billion.

Sports betting was the best-performing sector gaining 15.3 percent to $1.06 billion, while the total spent on racing was $3.31 billion, a gain of 6.9 percent.

Total gaming, which also includes lotteries and keno fell 2.4 percent.