Online gamblers are blowing more money during the pandemic, with a new study revealing one in three signed up for new betting accounts in June and July.
- New research shows young men are spending significantly more on online betting
- The rise comes despite widespread job losses during the pandemic
- Bookmakers said the rise in online spending came as revenue dipped at bricks-and-mortar betting venues
Men aged 18 to 34 made up 79 per cent of new account holders, with the same group increasing their median monthly spend from $687 to $1,075, according to a study released by the Australian Gambling Research Centre (AGRC) today.
The centre, which surveyed more than 2,000 gamblers, said the number of participants who placed bets more than four times a week increased from 23 per