Australians are losing over $32 billion annually to gambling, with superannuation funds investing $15 billion in gambling-related companies.A report by the Alliance for Gambling Reform highlights that Australia's 20 largest super funds hold $14.8 billion in gambling stocks, with Australian Super having the largest exposure at $4.9 billion.

Advocates argue that many Australians are unaware their super funds are investing in the gambling industry, which causes significant social harm including bankruptcies, mental health issues, and family breakdowns.

Martin Thomas, CEO of the Alliance for Gambling Reform, calls this a 'blind spot' for super funds, urging them to make more ethical investment choices.While some funds have responsible investment policies, approaches to gambling risks remain inconsistent.The government has announced reforms including limiting gambling ads and funding financial counselling services.Critics argue gambling should be regulated but not shunned by investors, as super funds are mandatory contributors.