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$386 Billion Gambled Across the Globe in 2016

$386 Billion Gambled Across the Globe in 2016

Last year a total of $385 billion was won across the world by gamblers and while the majority of the money was bet in the US, once against Australia was the country with the highest average loss per resident.

The average Australian lost $990 gambling last year, far more than second placed Singapore with lost about $650 per person. However, if you look at the totals Australia didn’t do too badly. The country lost a total of $18.3 billion gambling last year while the United States lost a massive $117 billion. The majority of the losses for Americans were from land based casinos rather than online gambling which is still illegal in most of the country.

There were also interesting figures from Japan where $24.1 billion was lost at Pachinko parlour, sports betting and the lottery.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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