You bet: households lose record $18.8b on luxury of gambling
AUSTRALIANS lost a record $18.8 billion gambling last financial year, the equivalent of almost 2 per cent of the national economy. -
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Gambling history facts:
- The term "turned the tables" is actually a chess term coming from the mid 1600's. When a player was losing, they would physically turn the chess table to assume the winning side of the table.
- Las Vegas in Nevada owes its success to the mobster Benjamin "Bugsy" Siegel who organized gaming and bookmaking operations for The Mob (the Mafia).
- Indian tribes have used their position as sovereign entities to develop a number of gaming establishments. Indian casinos operate in 22 states. This number is expected to grow.
- Men and women tend to have different preferences in their gambling. Men are more likely to gamble in games such as blackjack and lotteries and women are more likely to engage in bingo and raffles.
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