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Online gambling industry’s revenue in Australia shows an annual profit in the region of $2 billion
It has emerged that Australia’s biggest online gambling market, known as the ‘Pacific Basin’ has become the country’s largest online gambling market in terms of revenue, after making $2 billion in revenue last year.
New analysis by the World Economic Forum (WEF), released on Tuesday, shows that Australia’s Pacific Basin region, which includes some of the most popular online gambling sites, has seen a growing amount of gambling activity over the past three years.
Last year’s industry revenue of $2.1 billion represented a 28% increase on 2013, with Pacific Basin operators now accounting for more than half of the online gambling market.
It has also come as a surprise that the Pacific Basin has now overtaken Australia’s major Victorian-based regions to become the country’s leading online gambling market.
According to the WEF report, Victoria was home to 51% of online gambling revenue in Australia and is now surpassed by the Pacific Basin in size.
Online gambling revenue by state:
Victoria: $2.5 billion
New South Wales: $2.4 billion
Queensland: $2.2 billion
South Australia: $2.1 billion
Western Australia: $1.6 billion
Gambling revenue by state:
Australia: $1.9 billion
Pacific Basin: $1.9 billion Total: $3.2 billion
It’s a similar story with online poker in Australia. The Pacific Basin accounts for almost 80% of the gambling revenue from poker online in Australia. Poker is an online poker game where players take turns to play against the computer, with the winner having the chance to win a prize of up to A$200,000. As a result of the growth in online poker, Australia has seen a dramatic rise in poker-playing Australians, with poker being more popular in states like New South Wales and Western Australia than in Queensland, which has the lowest share of poker players. In Queensland, the share of poker players fell from a peak of 37% to 20% in 2014/15.
The big four poker machines in most states, the only way to play poker is to play poker machines, which are usually known as “pokies”. In the country’s major states, there are four big-name poker machines that dominate: The Tiger, Black Jack, King of Diamonds, and 9-3-1. The big four poker machines in Australia a Tiger poker machine in the Gold Coast, Australia.
The Tiger, like a traditional table poker machine, has a black screen and only two pokies. In recent years, the Tiger has been retooled to accommodate new gaming technologies, such as the “couch” or “lounge” modes, which allow players to make play decisions on the playing field at the table in the background. One recent report shows that the Tiger machine now operates at 3.73% of the country’s $5 million-plus poker machines market. The Tiger is now a fixture at The Gold Coast casino.
According to research by the Australian Federation of Gambling and Liquor Industries, the Australian market for poker machines in the year to September 2015 was worth $8 billion.