In recent years, the gambling industry has made considerable effort in promoting the notion that gambling revenue can fund charities and ‘good causes.’ In Australia, Returned and Services League (RSL) venues are tasked with providing health and welfare services to veterans. However, the extent to which this occurs, as well as the role of gambling revenue in benefiting veterans, is poorly understood. The present study examined financial contributions that RSL venues make to support veterans through gambling revenue. The researchers assessed the funds provided to support the health and well-being of living veterans, commemorate fallen veterans, and reduce gambling harms among veterans. Overall, it was found that under 10% of funds were directed toward supporting veterans. Moreover, only a small proportion of funds was used to address gambling harms among veterans. The results indicate that most funds raised through gambling by RSL venues are not directed toward the veteran community.