Countries Where People Lose the Most on Gambling

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Whether online or land-based, casino or sports betting, gambling is an activity enjoyed by many worldwide. Whatever your platform or game of choice, the thrill of the game contributes toward the ultimate entertainment experience. Thanks to the advancement of technological innovations, casinos are available for anyone of age to enjoy.

Whether online or land-based, casino or sports betting, gambling is an activity enjoyed by many worldwide. Whatever your platform or game of choice, the thrill of the game contributes toward the ultimate entertainment experience. Thanks to the advancement of technological innovations, casinos are available for anyone of age to enjoy.

Sources: online.casino

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Top 3 Gambling Countries

Though gambling is illegal in some countries, many still allow citizens to enjoy online casinos and sportsbooks. They can gamble through online casinos based in other countries. In some states, gambling forms part of their national identity. Here are the top countries to enjoy this popular pastime.

United Kingdom

Right at the top of the list is the UK, where wagering is second nature. Their game of choice is sports betting, particularly on football, horse racing, and tennis. As with most modern countries, a large portion of the country’s revenue comes from online casinos.

Ireland

Coming in a close second is Ireland, another country with a great love for placing wagers. While it’s a small country, Ireland spends an estimated £2 billion a year on wagers. Unfortunately, due to the grey areas concerning the laws, excessive freedom has resulted in a high addiction rate.

Finland

The third gambling crazed country only recently changed the legal age from 15 to 18 years. An estimated 40{4ce974ee3bf1a13695bc141c306bf984702abd6f4f0d44d04f8711087443b9df} of the population indulges in some form of wagering activity at least once a week.

The 3 Most Unlucky Countries

Unfortunately, some countries really shouldn’t even consider participating. While some partake as a form of entertainment, others look at it as an economic activity. Here is a list of the three worst gambling nations based on their total annual loss.

Australia

Australia may not be on the top gambling countries list, and that may be a good thing. Their average loss rate per adult is $1,128 per year. The local government has taken measures in an attempt to gain control of the country’s gambling problem. One of these measures includes banning over 935 individuals, though these efforts have been unsuccessful.

Singapore

Since the opening of the first casino in 2010, activities have gained momentum rapidly. The national record stands at an average loss of $1,174 per adult in that first year alone.

Since the amount of casinos has increased so quickly, the government fears gambling addictions and increased losses. As a measure to deter these possibilities, they have imposed a casino entry fee of $81 for locals.

Ireland

As mentioned earlier, there are some grey areas in the Irish laws regulating gambling activities. Mostly because the most recent laws are outdated, coming from 1956, and many are not relevant anymore. As a result, gambling is not entirely regulated, though the government is working to remedy that. The average loss incurred per adult is $588.

Conclusion

The unfortunate truth is that no one becomes rich through gambling activities. On the contrary, many find themselves left with nothing. Especially when considering it as an additional way to generate an income. This mentality is generally the first sign of addiction.

Rather be safe than sorry and practice responsible gambling. Knowing your limits and setting a strict budget for yourself goes a long way to preventing future problems.