How much do Australians spend on gambling, including tattslotto each year?

Response:

In recent years, Australians have spent a substantial amount on gambling. Here are some key figures to consider:

1. Total Gambling Expenditure: In 2021, Australians spent approximately AUD 25 billion on gambling activities, which includes various forms such as sports betting, poker machines, casino games, and lotteries.
2. Lotteries and Tattslotto: Lotteries, including Tattslotto, comprise a significant portion of gambling spending. In 2020-2021, Australians spent about AUD 8.6 billion on lotteries.
3. Per Capita Spending: The per capita spending on gambling is also notable. It has been estimated that each Australian adult spends an average of around AUD 1,000 to AUD 1,200 per year on gambling activities.
4. Trends: Gambling spending can fluctuate based on economic conditions, regulatory changes, and public attitudes towards gambling.

For the most accurate and updated statistics, it is advisable to consult reports from reliable sources such as the Australian Gambling Research Centre or government statistics on gambling expenditure.

How many home mortgages could be funded from this?