The international tourism consumption of gambling and betting services in Australia has shown significant variations over the past decade. The value stood at 511 million Australian Dollars in 2023. Following the observable upward trend from 2013 to 2019, there was a steep decline in 2020 due to the pandemic, with a large drop of 58.87% year-on-year. However, recovery was swift, with a notable 130.7% increase in 2021. By 2022, the sector had returned to its growth trajectory with a 14.08% increase and continued to grow by 2.4% in 2023.
For the future, a CAGR of 1.86% is forecasted for the next five years, suggesting moderate and steady growth, reaching 571.01 million Australian Dollars by 2028. Key trends to watch include the potential impact of digital innovations, regulatory changes, and shifts in international travel patterns on the gambling and betting services sector.
