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ABC News
ABC News
Sport

Australian sports betting turnover passes $50 billion per year, outpacing penalties

Never-before-seen data has revealed the scale of the sports-betting sector and the speed of its growth. (ABC News: Jessica Hayes)

The value of bets taken by Australian sports gambling companies each year has passed $50 billion, as new figures show the migration of gamblers to digital platforms during the pandemic is here to stay.

The $50 billion milestone comes at a time when politicians are reviewing the operation of the industry, including the possibility of an increase in fines for companies found to have breached the industry code.

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