There are some who believe there is a new gold rush in the country’s lottery companies, which is the subject of a report by the Australian Financial Reviews.
The report found the number of lottery winners in Australia rose by almost a quarter between 2008 and 2013.
The winners are more likely to be younger and are more affluent, and in some cases the majority are female.
In the past year, the number has risen again and is expected to be around one million by 2020.
In its latest report, the AFR also found more than half of lottery-winners had debts, with a further 13 per cent of the total.
Its authors say the rise in debt may reflect an increase in spending on the lottery, as well as an increase from the increase in the amount of money available to the winners.
“As with any boom in an industry, there is the potential for people to lose their jobs and they will be looking for work, so it’s not just the winners, but also the unemployed and those who are out of work,” one of the report’s authors, Paul Hodge, said.
“[There is] a lot of young people who are not getting employment and people that are looking for a better lifestyle are being attracted by the lottery as an alternative.”
I think the trend is going to be that the young people that have got jobs, they are going to look for a job, they’re going to find a better income and they’re not going to go through the financial stress that many of them have.
“Hodge says it is also likely that there will be more people turning to the lottery for help with debt.
This could include people seeking to withdraw money from their savings and possibly a greater reliance on credit card payments.
The Australian Financial Services Union says it has been in contact with the AFSRA about the report and will work with the organisation to address any concerns it may have.”
The Australian Government should not be encouraging people to gamble in a reckless way that will have long-term negative effects for our economy and society,” the AFCU said in a statement.”
We want our members to enjoy the lottery and are committed to helping the AFA to improve its services and make sure it works for everyone, not just those in power.
“Topics:law-crime-and-justice,people,business-economics-and%E2%80%99-economy,social-policy,government-and_politics,tas,australiaFirst posted November 11, 2017 14:57:48Contact Paul HickeyMore stories from New South Wales