In a comprehensive 240-page report, the Victorian Labor government's Public Accounts and Estimates Committee addresses the concerning rise in problem gambling and gambling-related harm in Australia. The report delves into the prevalence and consequences of gambling and liquor, regulations, online gambling harm, and strategies for reducing harm. The key focus is on protecting consumers through meaningful regulatory changes.
A Call for Meaningful Changes
The report emphasizes the need for substantial changes to existing regulations to safeguard consumers effectively. The recommendations, numbering 61 in total, aim to address the harmful impact of sports betting and excessive gambling advertising.
Impact of Gambling Advertising
The report underscores the pervasive influence of gambling advertising, with an average of 948 daily ads in 2021, and 148 during family viewing hours. Stricter rules for primetime gambling advertising are proposed, drawing inspiration from the South Australian Government's recent measures.
Sports Betting Concerns
Identified as the "fastest growing form of gambling in Victoria and the fastest growing form of online gambling in Australia," sports betting raises red flags. The inquiry cites data revealing an annual loss of over AU$1.2 billion ($792.7 million) to sports betting and highlights that 44% of Australian adults admitted to sports or racing gambling in 2022.