Gambling is becoming mainstream leisure as more countries are permitting gambling. As the genera of gambling are widening, players have more betting options; consequently, the average gambling expenditure is also escalating. But still, there are a lot of stigmas attached to gambling, and this applies to many U.S. states where gambling is prohibited. However, in some U.S. states, online gambling is lawful and regulated to encourage government revenue generated from the lottery, sports betting, and casino games. In 2016 alone, state revenue from gambling amassed $35.1 billion that was spent on state welfare activities.
In the U.S.
The American Gaming Association and U.S. Census Bureau state that spent most and least on gambling published. According to this report, the average spending of an adult American on lottery and gambling is around $261 annually. This data is not homogeneous as the annual gambling expenditure of Nevada, Las Vegas is around $5000, and much of it is spent on online casinos, including fin88. But in Utah and Hawaii, gambling is prohibited, so citizens cannot play casino games in legal gambling portals.
Canada gambling habit
In Canada, gambling laws are more lenient, so this country has become a hub of casino service providers and developers. With the perfect fusion of regulation and liberalization, Canada has witnessed a surge in the gambling industry. As per a recent report published by the Canadian Partnership for Responsible Gambling, around 76-79% of the adult Canadian population has participated in gambling in some form or other. The most preferred games are roulette, crap, and blackjack. Average spending is around CA$50(US$38).
The U.K.
The U.K. is one of the topmost gambling nations of the world, encompassing betting sites and market size. British players are allowed to bet on real money gambling websites; the average age of online gamblers ranges from thirty-five to forty-four and constitutes 29.3% of total revenue. On average, a person sends Pound2.60 per week, while people with higher income spend Pound 4.20 per week, and players from lower status spend Pound 1.50 per week.
Australia
In Australia, gambling is extremely popular because of the pub and pop culture. In 2018 total spending on wagering in various forms, including lotto, electronic gaming devices, and others, was around AUD590 million. Australia continued to attract investment in the gambling sector and is expected to continue this trend. Online wagering is quite regular in Australia, and 80% of the adult Australian population has experienced gambling at least once in their lifetime, and the average spending on online wagering is around $1,200 annually.
Gambling data
Around one hundred billion dollars is spent on wagering annually around the world. There are around eight million gamblers in the U.S. only, accounting for thirty-nine percent of the population. Out of them, twenty-three million are trapped in debt with an average loss of $55,000. 96% of online players use a smartphone for playing casino games in online casinos, including from home, due to convenience and portability. People wager for numerous reasons, it could be financial, emotional, or social, but be mindful while gambling as you may get obsessed and addicted in the long term. Approximately 1.5% of players turn out to be problem gamblers, and 8% get trapped in debt, losing a considerable amount of money. Remember, gambling is for entertainment.