Algonomics: Indonesia's Gambling Addiction & Impact To Economy

Key Summary:
- Online gambling to reach cumulative IDR900tn in 2024
- Weak labor market, lack of jobs = Gambling
- Negative impact on household & GDP
Since last year, we have been bearish on Indonesia's domestic consumption, specifically among low-middle income household (read here: Structurally Weak & Bearish).
Whereby, one of the main negative factors was due to the rise in online gambling that we highlighted back in Oct-23 (read here: Negative Impact Of Interest Rate & Gambling).