The real cost of poker machinesIt's been 20 years since poker machines were introduced into Victoria, so what has been the true cost .VICTORIANS have blown a staggering $38 billion on poker machines since they were legalised in the state two decades ago.

This Monday will mark 20 years since the first machines began operating at the Footscray Football Club and the Dorset Gardens Hotel in Croydon.

The Saturday Age can reveal that punter losses on the pokies from July 1992 to the end of June 2011 totalled $37.9 billion, fattening the coffers of the state government, Tabcorp, Tatts, Woolworths and AFL clubs.