Aussie Punters Lining the Pockets of Foreign Bookies

Aussie punters are set to lose about $200 million to foreign bookies this year thanks to a growing addiction to sports betting. That’s nearly $10 each for every man, woman and child. Experts warn we are breeding the next generation of problem gamblers: young men with a smartphone and a reckless urge to win. Aggressive television advertising and high profile sponsorship deals with sporting codes have turned sports gambling into the fastest growing type of gambling in Australia. Aussies punted $160 billion on gambling in 2009-10 – more than we spent on food. Of this, we lost $18.5 billion –…