The Money Question: How Much People Spend on Gambling?

Nowadays, gambling is becoming popular around the world. Almost every day we hear that a lucky human has become a millionaire. Yet some people consider gambling a thoughtless activity, each person can choose the type of lottery they like most. If you are good at sports and know pretty well how a particular team plays, why not make a bet and earn some money?

Today, we can use different ways to make a bet – casinos, online gambling websites such as online casino Ruby Fortune http://www.real-money-pokies.co.nz/ruby-fortune-real-money-pokies-casino.html etc. And, if you live in a small country or city, you still can try your luck and follow such a kind of entertainment.

In this article, we will have a look at the kinds of gambling in New Zealand as well as how much money people have spent for the last few years according to Electronic Monitoring System.

Racing and Sports Betting

One of the most famous types of gambling is sports betting. From 2010 to 2015, the sum has been constantly increasing, but in 2016, the entire picture has changed. From $342,000,000 in 2015, the betting decreased 1.3%, and the sum we saw in 2016 was $338,000,000.

Most experts consider the main reason for such a fell is the lack of international sports events except for the Lions’ tour. People have no worthy events to make their bets.

Lotteries

One more kind of gambling is lotteries. This activity comes with a large number of games that give players much opportunity to win. A player buys a ticket and waits for a TV show to start the game. With a single ticker, a gambler takes part in a set of games. Among them:

1. Lotto (one has to mark off all the six numbers in one line to win the main prize);
2. Lotto Strike (at an extra fee - $1 – a player can add extra numbers to their ticket and these have to match the first four balls of the Lotto draw);
3. Winning Wheel (those who are playing at home can get an opportunity to become a guest at a studio and spin the Wheel to determine their prize), etc.

This kind of gaming has gained a lot of followers from 2010 to 2016. Due to a large number of winners as well as worthy Powerball prizes, people are prone to banking on such an activity. Thus, from $404,000,000 in 2010, the total sum of inputs has increased up to $555,000,000 in 2016.

Pokies

Pokies were popular all the times. From 2010 to 2016, the number of players, as well as the inputs, were constantly growing – from $856,000,000 in 2010 to $880,000,000 in 2016. Yet such a gambling activity was so popular then, after resetting inflation, as well as changes in the adult population, this kind of activity has lost its followers. The number of machines, as well as venues, was reduced.

Casinos

In New Zealand, there are only six casinos. However, the number of them is limited, the visibility is growing. In 2010, the total sum of clients’ inputs was $448,000,000, but in 2016 it has noteworthily increased up to $572,000,000 in 2016 and is still growing now.

Nowadays, casinos have become the place of business meetings as well as other important events. Thus, such an activity is not going to be in retreat.

Due to inflation and changes to New Zealand’s citizens, gambling debit has increased by 1.1% in total. Being the most famous, lotteries have gained the love of ordinary people who want to try their luck and casinos have become a respectable place to meet business partners.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.