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ABC News
ABC News
National
Stephen Letts

Mug punters? Australians are world beaters at losing money

Australians lost more than $1,300 per person to gambling last year, data suggests.

Maybe it is because we back our cricket and rugby union teams to win, or maybe it's because we have more pokies per head of population than anywhere else, but Australians are the biggest gambling losers on the planet.

UK-based global gambling analysts H2 Gambling Capital put Australia's losses per adult at $US958 last year.

That's $1,324 in Australian dollars, or about 1.6 per cent of average full-time (and pre-tax) earnings.

Hong Kong is second-highest but a long way back at $US768, or 20 per cent less in terms of losses. New Zealanders lose less than half as much as Australians.

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