A U.S. academic said he hopes the U.S. decision to legalize sports betting will bolster his efforts to create an international anti-corruption unit to monitor athletes, along the lines of the body to prevent doping.
Australia’s booming sports betting market is still seen as being attractive to foreign investors despite the merger of local incumbents Tatts and Tabcorp, which are now expected to dominate the market. Opponents to the merger say the combination will reduce competition in the fastest growing area of the market - online and telephone betting. It also comes hot on the heels of new online gambling legislation, which far from bringing Australia in line with international standards, imposed a more restrictive regime.
Gambling Statistics Australia has just published its annual report showing Australians lost $23 billion (US$17.5 billion) in 2015 on gambling, up 8 percent from the previous year, with more than half of that bet on pokies. A smaller amount of $815 million was lost to sports betting, but that was a spike of 30 percent from the prior year.The data comes against rising anti-gambling sentiment in the country. But just how big is problem gambling in Australia and should the industry do more to help combat the issue.