Gambling losses per country

[Valuist]

Got this from CNBC, here's the top ten countries in terms of gambling losses per adult last year:

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

Notice anything? Take out the Far East countries and you pretty much have a who's who among countries using the Euro who have severe debt problems.

[horses4courses]

Got this from CNBC, here's the top ten countries in terms of gambling losses per adult last year:

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

Notice anything? Take out the Far East countries and you pretty much have a who's who among countries using the Euro who have severe debt problems.

What a crock....that has nothing to due with current economic conditions over there, or anywhere else.
Add in the fact that US officials would rather pretend that gambling doesn't exist in this country, then it must be quite difficult to get an accurate number for the average American, don't you think?

[Valuist]

What a crock....that has nothing to due with current economic conditions over there, or anywhere else.
Add in the fact that US officials would rather pretend that gambling doesn't exist in this country, then it must be quite difficult to get an accurate number for the average American, don't you think?

So its all a big coincidence, huh?

[Jay Trotter]

So its all a big coincidence, huh?I would say yes!

Canada should have very similar stats to the U.S. in my estimation. There is no correlation between Canada's gambling losses and it's relatively strong economy.

[Valuist]

I would say yes!

Canada should have very similar stats to the U.S. in my estimation. There is no correlation between Canada's gambling losses and it's relatively strong economy.

Except for the fact their housing market didn't implode like ours. And if illegal bookmaking was counted, the US would almost certainly be on that list. And last time I checked, we have a huge debt problem.

I don't know exactly how strong the connection is but I don't believe it is 100% coincidental. If people are financially wreckless in one area, it would not be surprising to be financially wreckless in general.

[BlueShoe]

Notice anything?
Yeah, noticeably absent from the list is the USA. Where the heck are we at? With slot machines and lotteries all over the nation, as well as racetracks and casinos, surely we would rank way up there.

[rastajenk]

Apparently that high level of regulation in Hong Kong racing isn't helping their bettors very much. :p

[Valuist]

Yeah, noticeably absent from the list is the USA. Where the heck are we at? With slot machines and lotteries all over the nation, as well as racetracks and casinos, surely we would rank way up there.

What isn't counted is money illegally wagered. Like I said earlier, if they counted that, we would certainly be on the list.

[toetoe]

I guess it would make more sense with an idea of average earnings/income ?

I would elect Hong Kong as the craziest land of losers.

[thaskalos]

I don't know exactly how strong the connection is but I don't believe it is 100% coincidental. If people are financially wreckless in one area, it would not be surprising to be financially wreckless in general.

This is another "what came first, the chicken or the egg" argument...in my opinion.

Do people put themselves in grave financial position because they gamble more...or do they gamble more simply because they find themselves in dire financial circumstances to begin with?

In our country here...the most lottery outlets can be found in the poorest neighborhoods.

Why do you think that is?

[Robert Goren]

This is another "what came first, the chicken or the egg" argument...in my opinion.

Do people put themselves in grave financial position because they gamble more...or do they gamble more simply because they find themselves in dire financial circumstances to begin with?

In our country here...the most lottery outlets can be found in the poorest neighborhoods.

Why do you think that is?They are looking for a way out. They know it is a huge long shot, but they think it is the only shot they have.

[bigmack]

They are looking for a way out. They know it is a huge long shot, but they think it is the only shot they have.
Then obviously their 'thinking' is seriously flawed.

[Ocala Mike]

If they included our "too big to fail" banks, I'm sure the US would be right up there. Jamie Dimon should be made to attend GA meetings, and lead his underlings in some kind of 12-step program.

[Robert Goren]

Then obviously their 'thinking' is seriously flawed.Yes, it is

[lamboguy]

if i moved to spain, i could single handledly move them up a couple of notches on this chart!