How much money do pokies make in australia
How much money do pokies make in australia
In Australia, pokies (slot machines) are a major source of revenue for both casinos and the government. In 2021, pokies generated an estimated AU$13.3 billion in gross gaming revenue (GGR), making them one of the most popular forms of gambling in the country.
The majority of pokies revenue is generated in New South Wales (NSW), which is home to the largest number of casinos and gaming venues. In 2021, pokies in NSW generated AU$7.2 billion in GGR, which accounted for 54% of the national total. Victoria and Queensland are the other two states with significant pokies revenue, with GGR of AU$2.7 billion and AU$2.2 billion respectively.
Revenue Generated by Pokies
Pokies are a significant revenue generator for Australia, accounting for over $15 billion in revenue in 2023. This amount represents over 50% of all gambling revenue in the country and highlights the popularity of pokies among Australian gamblers. The revenue generated by pokies helps to fund various government programs and services, such as healthcare and education.
The growth of online pokies in recent years has further contributed to the revenue generated by the industry. Online pokies offer players the convenience of playing from home or on the go, and have become increasingly popular among Australian gamblers. The revenue generated by online pokies is expected to continue to grow in the coming years, as more and more players switch to playing online.
Economic Impact of Pokies
How Pokies Benefit Australia's Economy:
Job Creation and Economic Boost: Pokies industry creates over 30,000 jobs and contributes billions of dollars to Australia's GDP.
Tourism Revenue: Pokies attract domestic and international tourists, contributing to local businesses and boosting regional economies.
Community Support: Pokies industry supports local community projects, charities and sporting clubs.
Responsible Gambling: Regulations and responsible gambling measures ensure that pokies do not have a negative impact on the community.
Revenue Generation: Pokies tax revenue supports government services and infrastructure projects.