Just like other countries all around world, Australia has pumped money into its economy during the COVID-19 pandemic. They gave pensioners and social security recipients a one-time A$750 ($474) payment last week in an effort to boost consumer spending. The result was a definite uptick in spending – especially at online gambling sites.
According to data collected, online gambling spend was up about 67 percent in Australia between March 30 and April 5 compared to normal, the largest boost for any sector of the economy.
Online gambling was far from the only sector to benefit. Home improvement, food delivery, and online retail and subscription services all saw bumps of at least 60 percent, with other essentials like supermarkets, pharmacies, and pet care stores also having good weeks – as did alcohol and tobacco sales.
But while added support to the economy is welcome, some Australian experts are concerned about the rise in alcohol and online gambling spending.
People drink more when they’re stressed and anxious,” Dr. Stephen Bright, an addictions expert at Edith Cowan University, Said. “You might be thinking smart before you’ve had a few drinks. But after a couple, you think, ‘I’ll chuck a couple of hundred on and see what happens.
Australia doesn’t authorize online poker and casino sites, though overseas sites are available – and experts also worry the amount spent on play money apps. Of more concern is online sports betting, which is legal in Australia and remains available even with the global shutdown of most major sports leagues.
Find out more our Top Trusted Online Casino Malayia.