It’s easy to get duped into thinking America is the world’s gambling capital. But it’s not. With all the regulations restricting land-based casinos plus a complete ban on their online counterparts, the country’s casino industry has seen little growth over the past couple of years.
Some countries, though, have relatively favourable gambling laws. But surprisingly, most of them are not so keen on gaming. So here are the top three nations that made it to the H2 Gambling capital list.
The UK Takes The Lead
There’s no single shred of doubt that gambling is big in the UK. Powered by innovation, passion and a sizable client base, on and offline casinos are set for even more success in the future. The industry has a valuation of £27 billion currently, and it’s expected to do better in 2019.
Unfortunately, a significant number of British players are under the age of 21, thanks to the family play time culture that tends to form a gambling fixation later on in life.
According to H2G, Macau and Hong Kong sit at the number two spot when it comes to money lost through gambling in 2017.
Macau, in particular, raked in £17 billion worth of casino profits in 2017 as it has fewer restrictions for gambling compared to Hong Kong. More than two-thirds of the traffic in Macau-based casinos comes from the mainland, and the region’s industry is likely to reach a whopping £30 billion valuation in 2022.
Even with tighter gambling regulations in place, Singapore remains to be a gambling paradise for on and offline players. The country’s regulator recently legalised online gaming, and that has gone a long way in cementing her future in the sector.
However, online gambling in Singapore is in the embryonic stage. People have not entirely made the switch from physical to virtual gaming, but it’s bound to happen. Still, H2G reported that players in the country lost an average of £600 in 2017, per person, to gambling activities.