Online Poker

Countries with the Biggest Gambling Losses

by Jeremy

Stepping away from the online poker world for a moment, CNBC came out with a very interesting report on the countries with the biggest gambling losses. The statistics come from a London-based website called H2 Gambling Capitol, and they took into account most forms of gambling like horse race betting, poker and other casino games.

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Here’s quick look at their list, and you can see the whole thing along with comments here:

10. Spain - $418 annual losses per person
9. Greece - $420 annual losses per person
8. Norway - $448 annual losses per person
7. Hong Kong - $503 annual losses per person
6. Italy - $517 annual losses per person
5. Finland - $553 annual losses per person
4. Canada - $568 annual losses per person
3. Ireland - $588 annual losses per person
2. Singapore - $1,174 annual losses per person
1. Australia - $1,288 annual losses per person

One interesting thing about this list is that many of the stereotyped gambling nations like the United States, Sweden and the UK aren’t on the list. But some of the biggest poker-playing countries (per capita) are on the list such as Canada, Ireland, Finland and Italy. So you have to think that their frequent online poker play is a big reason why these countries rank high on the list.

Another interesting thing worth mentioning about the list is the big jump in between Ireland at number three and Singapore at number two ($586 difference). Of course, a big reason for Singapore’s massive spike in gambling expenditures is the fact that two big casinos just opened in the city-state. Interestingly enough, Singapore has quietly become the third biggest gambling area in the world behind both Las Vegas and Macau.

As for the biggest gambling country per capita, Australia, they’re really big on playing slots and online gambling. And it only looks like this trend will increase as the government looks more favorably on gambling with each passing year.

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