Australia

Aussie Online Gambling Market Sees 67% Rise During COVID-19

Published

5 years ago

April 10, 2020

Niji Narayan

Aussie Online Gambling Market Sees 67% Rise During COVID-19

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According to the new data provided by the analytics consultancy AlphaBeta and credit firm Illion, Australians’ online gambling has increased 67% during COVID-19.

The figures by AlphaBeta and Illion, based on transactions of 250,000 Australian consumers, show the online gambling industry as one of the biggest winners of the shutdown, alongside services such as food delivery up 63% and online retail and subscription services up 61%.

Gambling expert Dr Charles Livingstone says the rise could be down to new gamblers trying their luck online, or regular betters being forced to use online accounts.

“If that’s maintained throughout the year, or the next six months, we can look at expenditure around $2 billion additional in online gambling. Psychosocial stress is a key critical factor leading to a gambling habit and a gambling addiction. It’s difficult to imagine a slightly more stressful situation than we’ve got at the moment for many people,” he said.

Related Topics:AlphaBeta COVID-19 Gambling expert Dr Charles Livingstone Illion online gambling online gambling industry

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.