New Zealand gambling spend flat at $1.5b

Gamblers in New Zealand spent more than $1.54 billion on the four main forms of gambling in the 2013/2014 financial year, a year-on-year increase of less than one percent, according to official statistics.

Punters spent $19 million more on racing, sports and lotteries and less on casinos and gaming machines in bars.

 Betting on racing and sports rose 5.6 percent to $230 million; on lotteries by 7.2 percent to $342 million. Spending on gaming machines dropped by 2.2 percent to $597 million, and in casinos by 2.1 percent to $376 million .

Despite the increase, overall spending on gambling in New Zealand has dropped by almost 20 percent in the last decade.

 

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