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Australia ranks fifth in worldwide ranking with $10.3 Million lost per day of casino closures

August 14, 2020 Statistics & Trends No Comments Email Email

Casinos and gambling form the backbone of many countries and cities around the world, and often pay huge contributions in taxes towards state services. As coronavirus spreads rapidly, devastating economies and communities, against all odds, casinos face prolonged periods of closure. This study aims to uncover the destinations around the world that lose the most amount of money per day of casino closures.

The study ranks the 58 destinations around the world with the highest revenue from casinos. It includes the top destinations in the United States, including Nevada, New Jersey, and Pennsylvania, the top destinations in Europe, including France, Great Britain, and Germany, and the five destinations worldwide with the highest revenue from casinos. It then divided these figures by 365 (the number of days per year) to uncover how much casinos lose per day of closure and indicate the scale of loss caused by coronavirus.

The final numbers highlight the devastating scale of the financial loss and the long-term impacts for countries and states dependent on this source of revenue. While Nevada, home to Las Vegas, unsurprisingly tops the ranking with the most revenue lost per day of closure, Australia also lost US$10.3 million for every day of casino closures. Unsurprisingly, as a result of lockdown, the gambling industry worldwide has seen a huge shift towards online alternatives in 2020, which are expected to boom in popularity as the year unfolds.

“The last year has demonstrated that online gambling offers a safer and more accessible alternative to casinos, allowing people to play from the comfort of their own homes. While nothing can replace the unique thrill of Las Vegas or Macau, it’s exciting to see how the industry is adapting to digitisation and the opportunities provided by increased connectivity at all corners of the planet. As online gambling flourishes, we urge players to better inform themselves and place their bets on the safest and most reliable platforms” says Aiden Howe, Author and Chief Editor at bestcasinos.net.

The following table reveals the top 10 gambling destinations worldwide that lose the most revenue per day of closures:

Rank
Destination
Number of Casinos
Revenue Lost DAILY due to Closures (millions US$)
1
Nevada, USA
334
33.4
2
Pachinko market, Japan
n/a
22.2
3
Singapore
10
19.9
4
Canada
216
17.3
5
Australia
20
10.3
6
New Jersey, USA
23
9.6
7
Pennsylvania, USA
12
9.4
8
New York, USA
22
7.6
9
Macau, China
41
7.5
10
France
200
7.3

Further findings:

  • Pachinko Market, Japan, ranks second with US$22 million lost for every single day of casino closures.
  • France ranks 10th, with US$7 million lost for every day of casino closures.
  • Canada ranks fourth, with US$17 million lost for every day of casino closures, more than Australia with $10 million lost per day.
  • New York ranks ahead of Macau, China, despite gambling constituting 50% of Macao’s annual revenue.
  • Florida ranks 30th, with US$1.6 million lost per day of casino closures.
  • Great Britain ranks in 15th place with US$5 million lost per day of casino closures, ahead of Germany in 24th place with US$2 million lost per day, and Spain in 34th place with US$1 million lost per day.
  • Montenegro ranks last in 58th place, with US$31, 507 lost per day due to gambling.

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