World Top 10 Gambling Nations
Whenever we think of gambling, the glitzy lights of Las Vegas come to mind. The global market was around $516.03 billion in 2020; it is expected to reach $674.70 billion in 2025. The Asia Pacific accounts for about 38% of this market, while North America holds 29%.
The country is relatively new to the gambling market; as it opened its first casino in 2010, the game losses per adult are around $1 1174. Even though the government has imposed an $81 entry fee for locals entering casinos, the gambling population is not deterred.
Over 75% of Canadian adults have been involved in a gambling activity at least once in their lifetime. Saskatchewan has the highest number of gamblers, with a revenue of $841 per person.
The largest gambling centers in the USA are Las Vegas and Atlantic City. Americans are avid online gamblers spending over $35.5 billion per year. This is not surprising from the country that used to be the world’s casino capital.
Some 41% of the adult population in Finland gamble at least once a week. Finnish Pay n Play casinos are extremely popular for locals playing online. The national lottery company is property of the government and oversees the gambling activities in the country.
Surprising, I know, but yes Australia has such a high gambling rate that the central bank increased interest rates. Australians are very competitive, even more so than their American counterparts. The Australian gambling market is more than $150 billion.
Gambling in Ireland is unregulated because they depend on the Gaming and Lottery Act from 1956, which cannot be enforced. After all, the currency (Irish Pound) stipulated in the act was discontinued in 1999. There are about 50 casinos in Ireland; this is a low number compared to the USA or Australia, but the countries spending per capita is comparable to both those countries. Tipperary is said to be the next big thing in gambling; a Vegas-style complex is underway to house a casino, hotel and even a greyhound track.
The Spaniards’ first choice in betting is sports betting, gambling was only legalized in 2011, but the Spanish are catching up to other countries as their average spend is around $418 per player per year. The country has a very high number of bookmakers.
In 2018 the gambling revenue in the UK was around 14.9 million pounds, 32% of the British population gamble. Sports betting in the UK is such an integral part of their culture that they have long-term betting. An example of long-term betting is when one bets if an infant will become a champion footballer one day.
The monarch owns racehorses that have raked in over $9 million for the queen over the years in race winnings. Many Europeans consider the Uk as the home of gambling.
France is another European country that loves sports betting, with events like the French Open, Tour De France, and Six Nations Rugby Tournament, it’s not surprising. That’s not to say there are no casinos; they have over 300 casinos in the country, mostly concentrated in Paris.
Gambling and casinos are restricted in China, which is a good thing that Macau is only an hour away. Macau is an administrative area under China but permits gambling because of Portuguese laws from the 1800s. Macau exists purely for entertainment and gambling; it has been dubbed the new Las Vegas and fitting.