The social economy of poker machine Gambling in Victoria

Abstract Studies oriented towards the development of a social theory of gambling in late modernity are currently comparatively few. Yet the explosion of commercial gambling in recent years provides ample scope for such studies. This paper reports an analysis of aspects of the rapid growth in gambling in one Australian jurisdiction (the state of Victoria) in order to sketch out the possible course that such studies may take. In particular, the political economy of local gambling at suburban poker machine venues is explored in order to establish a preliminary methodological link to certain ideas largely drawn from classical social theory, including Nietzsche's cultural problematic, Weber's concept of enchantment and his methodology of ideal types, and the hermeneutic method as adapted by Castoriadis.