Exploring the Global Scale of Annual Gambling Enthusiasts
Gambling is one of the most popular forms of entertainment worldwide, attracting billions of people every year. Whether it’s online or in land-based venues, people gamble on sports, lotteries, casino games, bingo, poker, and more. But how many people actually gamble in a year around the world? Which countries have the highest rates of gambling activity and revenue?
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Here are some global gambling statistics and trends to answer these questions.
Gambling activity by country:
According to various sources, it is estimated that around 26% of the world’s population have gambled at some point in their lives. That means about 1.6 billion people worldwide and 4.2 billion gambles at least once yearly. A recent study carried out across 44 countries revealed that 56% of those surveyed have gambled at least once in the past 12 months.
Some countries have higher rates of gambling activity than others. Australia has the highest rate of gambling among its adult population, with as many as 73% of adults having gambled in the past 12 months. Other countries with increased gambling rates include Germany, the United Kingdom, Canada, and France.
Gambling revenue by market:
The global casino and online gambling industry was worth an estimated $249 billion in 2022 and is expected to grow to $263.3 billion in 2023. However, this is still well short of the $293.8 billion the industry generated in 2019 and the $334 billion generated in 2013. The global pandemic significantly impacted the gambling industry, forcing many land-based casinos to close or operate with reduced capacity.
The United States is the largest gambling market in the world, generating $600 billion in revenue in 2022. The United Kingdom is the second-largest online gambling market, generating $18.6 billion in revenue in 2022. Macau is the largest casino market in Asia, generating $5.24 billion in revenue in 2022. However, Macau’s revenue was severely affected by travel restrictions and lockdowns due to the pandemic.
Online gambling trends:
Online gambling is a growing segment of the gambling industry, offering gamblers more convenience and variety. Gamblers can wager online on everything from sports and casinos to politics and entertainment via online sportsbooks, casinos, and poker sites using mobile devices or computers. Online gambling accounted for $66.7 billion of the global gambling revenue in 2020, up from $58.9 billion in 2019.
Bottomline Recommendations:
Gambling is a fascinating phenomenon that involves psychology, sociology, economics, and culture. It can be a source of fun, excitement, and social interaction for many people, but it can also be a source of addiction, harm, and crime for others. Gambling statistics can help us understand the trends, patterns, and impacts worldwide.
