27 November 2025
H2 Gambling Capital, having been commissioned by Responsible Wagering Australia (RWA), has released an in-depth report on the illegal gambling market in Australia. Australia’s illegal offshore gambling market has more than doubled since 2019, with Australians now losing $3.9 billion a year to illegal sites and this figure rising to $5 billion by 2029 - driven by the lack of legal in-play sports wagering and no legal iGaming.
The report shows the offshore market now makes up 36% of all online gambling in Australia, with its rapid growth set to cost governments almost $2 billion in lost revenue over the next five years, and almost $800 million in lost product fees to sport and racing. Annual losses are projected to reach $585 million by 2029, including $135 million stripped from racing and $40 million from sport every year.
The report includes an in-depth player survey, looking at the motivations behind offshore activity, which also highlights the lack of player protection in the offshore market. All of this new data has been incorporated into H2’s Australia model, and the headline results of the player survey will soon be available to Plus Subscribers, as part of the wider roll-out of H2 proprietary player survey data from other markets.
Click here to download full report