People on the brink of bankruptcy are spending considerably more on gambling, a phenomenon the Salvation Army has linked to the proliferation of online betting companies.
The Salvation Army on Tuesday released new data gleaned from its support service MoneyCare, which provides in-depth counselling to about 7,300 people in financial crisis each year.
The data shows people who sought help and disclosed gambling expenditure in 2016-17 were spending 8.38% of their income on betting, a 363.4% increase from 10 years earlier.
The head of the Moneycare service, Tony Devlin, said the increase appeared to be linked to the rise of online sports betting agencies and associated marketing.
Devlin said the advertising of many online agencies…
Read the full article at: https://www.theguardian.com/australia-news/2017/oct/17/those-on-brink-of-bankruptcy-spend-more-on-gambling-salvation-army-says