For centuries, gambling has existed in numerous forms, attracting the attention of millions of fans. For many people across the globe, gambling offers a source of entertainment, income, or pass-time. Today, gambling is accessible to almost everyone with advancements in technology, allowing people to place bets on their personal computers and mobile devices. This has multiplied the amount of money and transactions involved in the art of gambling. In 2018, the global market size reached a value of almost $449.3 billion, and it is estimated that it may reach $565.4 billion in 2020, according to Business Wire. Check out the top countries where gambling is the most popular pastime.
Australia is recognized as a gambler’s paradise. This is a country crazy about sports, with many people engaging in betting and casino gaming. It offers all types of entertainment from casinos, slots, lotteries, and betting. An online media report revealed that the average Australian gambler spends about $990 every year on online gambling. Many Australians love gambling online where gamblers explore various sites where, for instance, some may choose to play casino games at VulkanBet. The fact that Australia has a no-tax-on- winnings policy makes it the ideal place for gamers who are chasing big wins.
Ireland is another country that takes gambling seriously, from cricket to horse racing. It was reported that an average bet in Ireland in 2017 was $550. The country is also known to spend a huge percentage of its fortune on lotteries and card-based games. Worth noting is that the casino industry in the country is unregulated because Ireland still depends on the 1956 Gaming and Lottery Act. The good news is that the government is in the process of enacting laws that will regulate the gaming industry in the country.
Although Singapore only launched its first casino in 2010, it is on the list of the top countries where gambling is most popular. This is a country with a strong economy and a high number of millionaires. The explosion of wealth enticed the government to legalize certain kinds of gambling in the country. Singapore has a lottery organization that the state sponsors. Football fans in the country also take part in sports betting. Local bettors analyze various football matches from the English Premier League or the S-League and end up winning or losing millions of dollars weekly. The country also has casinos with thousands of gaming machines that attract high-stake gamblers every week.
The popularity of gambling in Canada keeps rising year after year. The county offers gambling freedom that the local population takes advantage of. Up to 75% of Canadians are involved in lotteries, casinos, and sports betting. The category that gets the most attention in Canada is lotteries scratch & win games, and American sports like Ice Hockley that sees fans gamble millions of dollars. All the winnings from gambling are taxed, which adds funds to the national budget. Yearly spending accounts for about $570.
Italy boasts of a rich gambling history. Many inventors and innovators of several casino games come from the county. Baccarat is one of the most-famous Italian creations. Italian gamblers also introduced roulette systems such as Fibonacci to the world. The industry experienced a surge in 2008 after the gambling laws in the country were significantly relaxed. Many gamblers in Italy are obsessed with slot machines. Venice and Milan are the main gambling cities with many elegant casinos between them. Most of its gambling revenue comes from slot machines. Italians are also fanatical about sports like football, horse races, and tennis tournaments that attract high-profile bettors.
More than 41% of adults in Finland engage in gambling activities weekly. The government has made gambling accessible by regulating the activity and opening up community casinos so that everyone can get a chance to attend. To keep the art fun, the government also sends people who spend more than $120 a year to medics for mental therapy. This move has, however, not stopped the Finnish nationals because some will spend a lot more, averaging $560 per year. The government has made it possible for the citizens to receive counselling at no cost if they are considered addicts. It is, however, a fun activity most of the time. The legal age for gambling in the country was raised to 18 years from 15 in 2011 to discourage children from taking part in the activities. The Ministry of Education manages the national lottery company and uses its revenue for education, arts, and culture.