The data on tourism consumption of gambling and betting services in Australia, measured in billion Australian dollars, reveals an upward trend from 2013 to 2019, followed by a sharp decline in 2020 due to the COVID-19 pandemic. The market rebounded significantly in 2021, continuing to grow until 2023.

In 2023, the value stood at 1.79 billion AUD, showing a 1.7% year-on-year increase. The average annual growth rate (CAGR) over the last five years was 1.81%. The forecast from 2024 indicates a steady growth trend, with a CAGR of 1.33% projected for the next five years, reaching a value of 1.94 billion AUD by 2028.

Future trends to watch for:

The impact of regulatory changes on gambling and betting services.
Potential disruptions from emerging technologies such as online betting platforms and virtual reality casinos.
Changes in tourist demographics and spending behaviors post-pandemic.