Analysis of the Gambling Impact on the Australian Economy and Society

This report examines the economic impact of gambling in Australia, focusing on the local, state, and national levels. It explores the revenue generated from gambling, particularly in New South Wales, and its impact on the economy. The report highlights the significant revenue generated by pokies and the gambling industry, with a particular focus on the state's contribution to the national economy. It also discusses the economic benefits and potential costs associated with problem gambling, offering insights into the financial implications and the need for a balanced approach to gambling regulation and its effect on the Australian economy. The report concludes by summarizing the key findings and emphasizing the substantial influence of gambling on the country's financial landscape.

Running head: GAMBLING
Gambling
Student Name:
4/8/2020

GAMBLING 2
Abstract
Gambling has been widely practiced in Australia and it has a wide impact on the
economy of the Australia. New South wales is the hub of gambling in Australia. There are
various pubs have the licensed to run the gambling and the government earns a huge revenue
from the gambling.

GAMBLING 3
Contents
Abstract.......................................................................................................................................................2
Introduction.................................................................................................................................................4
Local Impact on economy...........................................................................................................................4
State Impact on Economy............................................................................................................................4
National Impact on Economy......................................................................................................................5
Conclusion...................................................................................................................................................5
Work Cited..................................................................................................................................................6

GAMBLING 4
Introduction
Gambling is a trade practiced by many Australians. In any form of Gambling, which is
the highest gambling rate of the world, more than 80% of Australian adults play. This number
reflects about 4% of the population of adults playing pokies once a week, or about 62% of all
local people's gaming expenses. Gambling was primarily played in New South Wales, Australia.
(Mond, Skromanis, Purton, Cooling, Fan, Harris, & Rodgers, 2019).
Local Impact on economy
There are 4,046 poker machines in 39 clubs along the Central Coast and 626 in 29
casinos, according with the latest figures from Liquor and gambling NSW; there are 4,672 poker
machines all over the Central Coast. This indicates that around 1928 Gosford Pokies are spread
across 37 countries, and the number of Poker Machines in Australia is 2.37%.That's equal to one
poker machine for every 71 adults. Gosford outlets received around $95,865,000 in sales from
pokies in 2010–11. This is $700 for every single Gosford community member (Mond,
Skromanis, Purton, Cooling, Fan, Harris, & Rodgers, 2019).
State Impact on Economy
In 2015–16, gaming profits accounted for 7.7 per cent of tax revenue from the state and
territories. Given the major difficulties of quantifying gambling costs and benefits, Clubs NSW
reports that the public economic effects of problem gambling of New South Wales vary from
$44 million to $94 million annually; substantially smaller than the public economic benefits
(Abbott, Stone, Billi, &Yeung, 2016).

GAMBLING 5
National Impact on Economy
The National economy of the country has the major benefit from the gambling from the
state of New South Wales. The economy has the major impact from the gambling as the country
almost gains $300 from every adult from the state of New South Wales. This is a big figure that
has benefitted the national economy in many ways. As the average revenue the government earns
other then gambling is $250 (Abbott, Stone, Billi, &Yeung, 2016).
Conclusion
It can be concluded that Gambling impacts in a huge way on the economy of Australia as
well as the economy at the local and the state level.

GAMBLING 6
Work Cited
Mond, J., Skromanis, S., Purton, T., Cooling, N., Fan, F., Harris, K., ...& Rodgers, B. (2019).
Gambling Behaviour, Problem Gambling and Reasons for Gambling Among
International Students in Tasmania, Australia. Journal of gambling studies, 35(1), 155-
170.
Abbott, M., Stone, C. A., Billi, R., &Yeung, K. (2016). Gambling and problem gambling in
Victoria, Australia: Changes over 5 years. Journal of Gambling Studies, 32(1), 47-78.