Gambling has impacts on many aspects of life – including employment, income and wealth. The release of HILDA’s latest survey provides more evidence to help inform decisions on gambling policy.
Fantasy sports began as a niche hobby for statistically inclined sports fanatics. But, with the internet, it has evolved into a multi-billion-dollar industry.
There is reason to suggest new reforms, such a banning credit bets and establishing a self-exclusion register, will have some impact in helping to tackle problem gambling online.
No state wants to see its revenue base decline – particularly when the jurisdiction benefiting doesn’t even tax (or regulate) its bookies as well as it might.
Polls suggest that Nick Xenophon’s team will win a bag of Senate seats. Along with a re-elected Andrew Wilkie, and the Greens, will there be enthusiasm for gambling reform in the next parliament?
Are regular bettors and the house helped or hurt when deep-pocketed, high-volume computer-assisted bettors are wagering? Mathematicians used game theory to model this new wrinkle in parimutuel betting.
Online wagering is likely to be very harmful to a new generation of gamblers who habitually use mobile devices. It has the capacity to be very high intensity.
The current controversy over match-fixing in tennis has some ironic elements. Anyone watching the Australian Open on free-to-air TV will notice the proliferation of sports betting ads.
At least 75% of those with a gambling problem have it because of poker machines in clubs or pubs. Yet we see little concern from the government about this group.