Young male gamblers on sports betting splurge during COVID-19 lockdown, research shows
ABCOnline gamblers are blowing more money during the pandemic, with a new study revealing one in three signed up for new betting accounts in June and July. Key points: New research shows young men are spending significantly more on online betting The rise comes despite widespread job losses during the pandemic Bookmakers said the rise in online spending came as revenue dipped at bricks-and-mortar betting venues Men aged 18 to 34 made up 79 per cent of new account holders, with the same group increasing their median monthly spend from $687 to $1,075, according to a study released by the Australian Gambling Research Centre today. Dr Jenkinson said among the total cohort surveyed, about 78 per cent now gambled online as opposed to 62 per cent before the pandemic. Several participants shared their stories of online gambling with the study's authors: "Whenever I am bored my finger automatically opens the app now … I knew my limits, now I can't stop." "With over-the-counter betting and gambling outlets closed by COVID restrictions, people have migrated to online platforms, as with nearly every retail business in the country," chief executive Brent Jackson said in July.
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