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

 

Breaking: Israel Shelling Beit Hanoun Hospital

The Israeli military have started to shell and shoot at Beit Hanoun hospital. There are still 61 medical staff and civilians, three patients and two International Solidarity Movement volunteers trapped inside. More>>

UN: Urgent Action To End Female Genital Mutilation UN: Urgent Action To End Female Genital Mutilation

New UN data shows need for urgent action to end female genital mutilation, child marriage More>>

World News: SRI LANKA: Justice Denied To Two Child Victims Of Rape
There have been reports of an alleged abduction and rape of an eleven-year-old girl by a group of Navy officers, and of another nine-year-old girl treated in a similar manner. More>>

‘Global Epidemic’ Of Anti-Semitism NGO Urges UN To Condemn ‘global Epidemic’ Of Anti-Semitism

French riot police officers face rioters in Sarcelles, a suburb north of Paris, on July 20, 2014. More>>


IDF Falsifies Photograph To Justify Bombing El-Wafa Hospital IDF Falsifies Photograph To Justify Bombing El-Wafa Hospital

On the 21st July at 2:17 PM, the IDF spokesperson released an image on twitter showing an aerial picture of a building marked as ‘Al-Wafa’ hospital. In the image there is a red circle, which they designated as the location from which a M75 rocket was ... More>>

MH17: Black Boxes Recovered by Malaysian Government

'Following the agreement Prime Minister Najib Razak brokered with rebel leaders, Malaysia has taken custody of flight MH17's black boxes. As the Prime Minister said, they will be passed to the international investigation team for analysis. More>>

ALSO:


Gaza Update On 15th Day Of The Israeli Offensive

Dozens of Palestinian Civilians Killed or Wounded as Israeli Forces Attack Apartment Buildings, Mosques, Hospitals and Schools; White Phosphorous Bombs and Flechette Shells Fired by Israeli Forces in Border Areas... More>>

Al Jazeera: Egypt Verdict Defies Logic And Any Semblance Of Justice

Following today’s verdict in Cairo, Al Jazeera English managing director Al Anstey said: “Today three colleagues and friends were sentenced, and will continue behind bars for doing a brilliant job of being great journalists. More>>


Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news