![]() ![]() It flows to state and federal budgets through taxes, and also to political parties through donations. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundupīut all aspects of Australian life are steeped in gambling money as it flows back and forth through the economy.Ī substantial proportion of profits goes to the governments that allow poker machines to run. When the chance of landing a jackpot on a poker machine is literally one in 35,640,000, the real jackpot is holding the licence to collect the losses. The profits of pokies first and most obviously flow to the casinos, pubs and clubs that own licences to run them. Nearly half of this goes into poker machines. About $25bn is lost to legal forms of gambling every year, according to recent estimates from the Australian Institute of Health and Welfare. And yet it’s a small number in the context of a very big, very expensive national problem.Īustralia is addicted to gambling. That’s the equivalent of 391 yearly salaries at the median wage. Last financial year, nearly $20.5m was lost in this building alone.
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