World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


$7 million increase in gambling expenditure 2012-13

$7 million increase in gambling expenditure 2012-13

Gamblers in New Zealand spent $2072 million dollars on the four main forms of gambling in the 2012/13 financial year, $7 million more than the previous year, according to figures compiled by the Department of Internal Affairs.

In 2012/13:

• TAB racing and sports betting increased by 4 per cent from $283 million to $294 million, reflecting the continuing growth of race betting
• Spending on NZ Lotteries products rose 3.1 per cent from $419 million to $432 million
• Casino gambling expenditure rose 2.1 per cent from $509 million to $520 million
• Spending on gaming machines in pubs and clubs dropped by 3.3 per cent from $854 million to $826 million.

Details are available on the Department’s website under Gambling Expenditure Statistics.

When adjusted for inflation total gambling expenditure in 2013 declined by almost 19 per cent from the peak recorded in 2004 ($2569 million inflation-adjusted). The only form of gambling that did not see a drop in inflation-adjusted expenditure over the past decade are Lotto products ($432 million in 2013), which has increased 22 per cent since 2004 ($355 million when adjusted for inflation).

An estimated $637 million, or 31 per cent of expenditure, was distributed to a variety of community purposes from gambling proceeds. Non-casino gaming machine trusts raised an estimated $290 million for authorised community purposes. NZ Lotteries transferred $202 million to the Lottery Grants Board for community services and projects. The New Zealand Racing Board allocated $142 million, mostly to support racing club activities and infrastructure. Casinos paid just over $3 million to their community trusts.

In addition, gambling operators pay a levy from their profits to meet the costs of an integrated problem gambling strategy – estimated to be $54 million (GST exclusive) for the current 2013-16 levy period.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

As Health Needs Rise In Somalia, Funding Hits New Low

As health needs rise in Somalia, funding hits new low, cutting off 1.5 million from care – UN More>>

Need To End Violence Against Children In Conflict

‘We should be outraged’ more not being done to end violence against children in conflict – UNICEF chief More>>

On Mandela Day, UN Joins Call To Promote Community Service

Nelson Mandela, then Deputy President of the African National Congress of South Africa, raises his fist in the air while addressing the Special Committee Against Apartheid in the General Assembly Hall. UN Photo/P. Sudhakaran More>>

Some $3.2 Billion Needed For Ebola Recovery Efforts

Some $3.2 billion needed for Ebola recovery efforts in Guinea, Liberia and Sierra Leone – UN More>>

World Day: UN Spotlights Plight Of Vulnerable Populalations

Syrian refugees fleeing the fighting near the Syrian city of Kobani wait in a holding area before boarding buses in Turkey (September 2014). Photo: UNHCR /I. Prickett More>>

Afghanisatan: Direct Talks Between Government And Taliban

The United Nations Security Council has welcomed the recently held direct talks between Afghan Government and Taliban representatives as a step towards “peace and reconciliation” in the region. More>>

Eradicating World Hunger By 2030

Agriculture workers collect carrots on a farm in Chimaltenango, Guatemala. Photo: World Bank/Maria Fleischmann More>>

Bangladesh: Flood Leads To UN Agency Providing Food Relief

Anwar Hossain unloads cartons of High Energy Biscuits from a pickup truck and transfers them to a distribution center in Kawar Khop union, Ramu upazila, Cox’s Bazar, Bangladesh. Photo: WFP/Kamrul Mithon More>>

Ban Says World Must Act Now To Curb Climate Change

Alarmed by melting glacier in Norway, Ban says world must 'act now' to curb climate change More>>

UN Spotlights Data And Technology As Key To Sustainability

The importance of quality data and cutting edge information communication technologies (ICTs) is increasingly critical to the shaping of the future sustainable development agenda, the head of the United Nations Development Programme ( UNDP ) confirmed today. More>>

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news