Aussie sports betting growing fast but still a small slice of the pie

New statistics show that Australian gamblers are spending more money on sports betting but the activity remains a relative sliver of the nation’s overall gambling expenditure.

On Tuesday, the Queensland Government Statistician’s Office released the 33rd Edition of the Australian Gambling Statistics (AGS) report, which tracks the ups and downs of the entire range of legal gambling products available to Australian punters.

Australians spent a total of A$23.65b (US $17.9b) on gambling in fiscal 2015-16, which works out to nearly $1000 for each one of the 24m-odd Aussies. The bulk of this spending (A$12.1b) came via gaming machines, followed by casinos (A$5.2b), TAB race betting (A$3b), lotteries (A$2.1b) and sports betting (A$921m).

Sports betting’s relatively minor importance to the nation’s overall gambling market was also on full display in last week’s Gambling Activity in Australia report by the Australian Gambling Research Centre.