Posted 2/10/2024, 8:41:33 PM
Lotto Lure: Australians Double Spending on Lotteries in 10 Years, Totaling $7B Last Year
- Australians spent over $7 billion on lotteries in 2020-21, up from $4.3 billion in 2010-11 and $3.4 billion in 2000-01
- New South Wales residents spent the most at $1.9 billion, Victorians spent $1.8 billion, Queenslanders spent $1.4 billion
- A Queensland woman spends a little on lotto hoping to win and improve life for her family
- People of lower socioeconomic status are particularly drawn to lotteries, dreaming of money problems going away
- While less harmful than other gambling, lotteries still only have a 1 in 100 million chance of winning big