Thanks to numerous technological advancements, gambling has now gone global. Everyone is now able to access gambling sites on their devices via popular online casinos. The industry faces major opposition and stereotype from society and governments, which imposes heavy regulations on the industry.
Gambling is a hugely profitable industry that brings along with it poor gambling behaviours in society. This twist puts pressure on government institutions to find a balance between protecting its citizens and reaping revenues from the venture.
Some countries have outlawed gambling and imposed stiff penalties on those that take part in the activity. However, it is legal in other countries where both players and the government reap millions.
Two gambling hotspot cities – Las Vegas in the US and Macau in China – could make anyone assume that the two countries top the list of the top gambling countries of the world. However, there are other bigwigs that give the two a run. Some of them are:
Australia is popularly called a gambler’s haven. According to some research studies, over 80% of adults in Australia engage in gambling. The casinos in Australia serve all gamblers’ needs from entertainment and lotteries to betting. The policy of no-tax-on-winnings heightens practice since you usually take home whatever you win.
The country’s stability and huge emphasis put on recreation make it attractive for gambling. Other factors, such as the healthy economy and high quality of life create a 24-hour gambling economy.
Australia is the land to spend your fortune making merry. The rich sporting culture of cricket and football activities exclusively fits the gambling culture. Australia’s gambling freedom attracts players from various countries who want to feel the thrill, creating billions for the economy.
2. United Kingdom
The UK has one of the biggest numbers of active gamblers. Dating way back in history, gambling has been a primary recreational activity in the UK. The numbers have increased because of online gaming fostered by significant innovations in the country.
Since gambling has been around for so long, most people are brought up knowing it as a great way to socialise. Modern technology has only made it easier for people to practice.
Although online gambling and land-based casinos are prohibited, China’s young generation has taken over state lotteries and sports betting. These create revenues of over $50 billion for the country.
Asian cultures emphasize their beliefs on superstitions regarding luck, fate and fortune. They uphold the trio with sentimental value and link losses and wins to ancestors. Luck, for example, is considered a favorite of the gods.
Profound cultural factors have made the activity hard to ban. You will often find people in street corners and open joints gambling using cards and Mahjong. Wherever you see a huddle of five people, you can be sure they’re gambling.
The enthusiasm for gambling in China’s economy made the government licence the activity. This is especially true of the city of Macau. Macau is one of the most popular gambling cities in the world, bringing in nearly $35 billion in revenue.
Although gambling in India was banned long ago, online poker games have created an inherent problem for the country. Blame it on the population or technological advancements; the middle-class population is taking to gambling at a higher pace than their counterparts in first world countries.
Online gambling is popular because of the engaging atmosphere made possible by live streams of high definition videos. The live streams give people the experience of land casinos.
Diwali is another occasion where families stay together to play cards and bet on them. This makes poker and other card games acceptable and even desirable for much of the Indian population.
The horse racing culture in the country has seen Ireland become an important gambling economy. Most people are raised on horse farms, where the activity is nurtured from childhood. How beautiful! Imagine knowing the tactics of the game at a younger age. You’d have probably been a billionaire by now.
The Irish love a gamble, and the authorities are aware of this. To make its people happy, laws in the country provide hatching grounds for gambling. The casino industry is unregulated. The activity is perceived as harmless, and household names in the activity, such as Paddy Power and Betfair, deliver precisely what the people need.
Different countries offer a different sort of gambling experience. You could choose to visit them or take a shot at online gambling from the comfort of your home.