Impact of Covid-19 on the Gambling Industry in Australia

Ben on 05/13/2021 0 Comments • Tags: #australia #consequences #covid19 #onlinepokies #pandemic

The COVID-19 epidemic has changed our lives significantly. It influenced people’s minds and created new realities to which we all have to adapt. The changes have affected everything to which we are so accustomed. Some areas, such as tourism, are counting losses, while others, such as the entertainment industry, are experiencing an increase. Read more about the consequences of the pandemic for the Australian gambling market in this article.

How Did the Pandemic Affect Gambling in Australia?

It is well-known that Australia is one of the most gambling states in the world. The annual industry revenue accounts for billions of dollars, which means that the shutdown caused a serious outflow of taxes. The traditional casinos for clients became unavailable due to the closure of all popular venues. It all started in March 2020, when the Australian company Crown Resorts introduced “social distancing”. The company shut down every second gaming machine, significantly reducing the number of players. Rival Star Entertainment Group took similar steps. Sports events were also cancelled, reducing betting options to the minimum.

The popularity of online gambling, which was already growing rapidly, skyrocketed during the COVID-19 crisis. Australians who could not visit real casinos switched to online platforms. Besides, self-isolation has led people who were not gamblers to suddenly start playing online games, including gambling. According to research by Rebecca Jenkinson, the following results were made:

  • Each third survey participant created a new gambling account during the pandemic;
  • The participants started to gamble more than before the pandemic (4+ times a week);
  • Men’s average monthly spendings on casino games increased from $687 to $1,075;
  • More women started to gamble online than before.

Another reason for the increased demand for virtual gambling clubs is the economic decline and job loss. For most Australians, their incomes have dropped significantly. Many have lost jobs. So, they tried to make gambling a source of stable income.

However, the main reason was probably the abundance of free time, and since today most of the issues are solved online, you can try to discover something new. Online gambling is one of the unusual pastime options available for everyone.

In Conclusion

As you can see, the active development of gambling in Australia during a pandemic took place due to many factors. Whatever the reason is, it is important to understand that playing at an online casino can be a source of positive emotions and good income only in the case of responsible gaming. 

Leave a comment

Your email address will not be published.

CAPTCHA ImageChange Image