Gambling harm costs Victorians $7 billion a year

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VICTORIA:  A Central Queensland University (CQU) study released in Melbourne today has calculated the cost of gambling harm in Victoria in 2014-15 at $7 billion. Funded by the Victorian Responsible Gambling Foundation, The social cost of gambling to Victoria is the first Australian study to consider the full social costs of gambling harm, in financial terms, on a community. It is an important piece of research because it quantifies, for the first time, the cost of harm associated with all gambling in the state, Foundation CEO Louise Glanville said.