Gambling Loss – How Much Per Year?

This is the Gambling Loss question almost every gambler asks as they prepare to place a wager, “How much does the average gambler lose a year?” The average player at any given casino will tell you that the answer varies on a number of factors. The most important factor, and the one that you must keep in mind if you are going to figure out the answer to this question is the amount of time you plan on playing.

Average Gambling Loss

About 85% of adults in the U.S. have gambled at least once in their life; and the gambling industry takes in about $500 billion a year. What might be news is that as many as 23 million Americans go into debt because of gambling and the average loss is estimated to be around $55,000.

In the US, total casino Gambling Loss in 2018 was $40.28 billion, which works out to $125 per person. But only 77% of people in the US are legal adults, and only 30% of them visited casinos in 2018. So the average adult who visited a casino lost something like $500 to $600 over the year.

That figure is also about the same for what an average visitor to Las Vegas who gambles loses per trip. On the other hand, people who visit local casinos lose much less, on average about $50 per trip.

There is no right answer to this question. What a person considers “acceptable” losses varies wildly. Different people have different budgets for gaming; and even a player who has a fixed budget each trip can have winning days and losing days. The old saying is “Never bet what you can’t afford to lose”.

Bye Money

This really can’t be answered in an exact amount. Here in Mississippi we frequented many of the casinos a couple of times a month before kids came along. My limit was not more $200 and that didn’t cause me much grief. Some trips, I was headed back home in a hour and others I was driving home into a rising sun. It was entertainment and I didn’t always lose. My best trip was in with $100 out with $1,500, but I’m sure I was in the low roller category. Watched people lose more than my monthly salary in one sitting. I would imagine that only a casino operator would know a figure, and I doubt they would post it here.

I’ve seen several documentaries specifically about Las Vegas and they always seem to say around $75–100 per day. Here’s my opinion on that: I think they mean on average including people that don’t gamble so it sounds better. I can’t fathom any scenario where the “average” player only bring that little. I realize some people do but I’ve been to a lot of casinos all over the U.S. and I rarely see anyone who only starts a game with as little as $100. Usually it’s several hundred dollars or more for table games. It’s harder to know for slots since you can put in $5 or $10 at a time but usually people just sit and feed the slot machines, so again it’s hard to imagine it really being $75–100 per person average.

It is very difficult for the average gambler to answer the question, “How much does the average gambler lose a game?” This type of thinking is called “Rational Decision Making.” In all reality, if you really want to find out, it will take a combination of cards, strategy and a bit of your imagination. But, if you really want to make it as a Professional Poker Player, then it will happen, because the more you know, the better you will play.

The Risk of Online Gambling Addiction

Corona Pandemic Increases the Risk of Online Gambling Addiction

Sports betting has been around for a long time in various forms, all of which are oriented towards the results of sports competitions. But what if all major sporting events are canceled because of the Covid-19 pandemic?
Most bookmakers reacted immediately and jumped into the virtual world, increasing competition from long-running online betting companies. There are various forms of betting offered: virtual sports matches, bingo games, poker, to virtual casinos.

The situation is dangerous for those with a potential gambling addiction, say experts and activists who are working on dealing with addiction. “This is a great storm,” said James Grimes, a recovering gambling addict who now campaigns against gambling ads on sports through his organization The Big Step.

“For people who don’t normally gamble, they may see gambling as merely entertainment to fill the void. But there are also many people who are affected financially. Gambling advertisements create the wrong impression that gambling is the right way to make money fast. , “James Grimes told DW.

Online Gambling Addiction Improved rapidly

Many governments and health authorities are now observing a rapid increase in online gambling and betting. The Belgian government recently tightened the rules for online betting by announcing a deposit limit of € 500 a week. But that rule can only be applied to managers of local betting sites. The Spanish government has imposed a limit on gambling ads which can only be shown during the four-hour period, between 1 and 5am. Latvia has banned online gambling until social restrictions are lifted.

However, it is not easy to limit online gambling. Sources working in the field say the transition to virtual and skill-based casino games such as poker and backgammon has been increasing rapidly around the world.

A study by the UK Gambling Commission recently found that 1.2 percent of people who gamble have a serious problem. For online gambling, that figure is even higher, at 2.5 percent.

Online betting companies are also getting creative. Bet365, one of the world’s largest betting sites, for example broadcasts virtual football matches between the fictional Chelsea Pensioners and the Manchester Blues. People can bet on the result of the match, total goals, first team to score, etc. (Online Gambling Addiction)