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(The Week)   America leads the world with gambling losses of $119 billion a year. Statisticians surprised that so many people had picked the Broncos   (theweek.com) divider line 20
    More: Fail, pathological gambling  
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368 clicks; posted to Geek » on 07 Feb 2014 at 8:35 AM (9 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-02-07 08:28:46 AM
How's banning online poker going for ya?
 
2014-02-07 08:45:58 AM
Doesn't it also lead the world in most actual on the books, recorded, gambling?
My understanding is more gambling = more losses.  The article seems to imply America is "bad" at gambling.  In the long run and at an aggregate scale, everyone is "bad" at gambling.  Thats why gambling exists...
 
2014-02-07 08:49:30 AM
90% of that was Floyd Mayweather.

//I know, fake, yadda yadda yadda
 
2014-02-07 09:09:26 AM

chocolate covered poop: Doesn't it also lead the world in most actual on the books, recorded, gambling?
My understanding is more gambling = more losses.  The article seems to imply America is "bad" at gambling.  In the long run and at an aggregate scale, everyone is "bad" at gambling.  Thats why gambling exists...


Yeah, sure, like Las Vegas was just built to find better ways to separate dollars from tourists or something.
//Conspiracists are everywhere!
 
2014-02-07 09:09:44 AM
Could it be that we just have legal gambling with awful odds.  The guys in the shop for years have had a lottery pool, after 25 years it is dying because $50 goes in and $2 comes out.  I live in the area of Foxwoods Casino and 25¢ of every dollar put into a slot machine goes to the state.  The biggest gambling consortium are states and after making their competition illegal they have no reason to offer good odds.
 
2014-02-07 09:32:29 AM
Our per-capita numbers are 5th, so we're not the worst degenerates in the world.
 
2014-02-07 09:35:12 AM

Cheron: Could it be that we just have legal gambling with awful odds.  The guys in the shop for years have had a lottery pool, after 25 years it is dying because $50 goes in and $2 comes out.  I live in the area of Foxwoods Casino and 25¢ of every dollar put into a slot machine goes to the state.  The biggest gambling consortium are states and after making their competition illegal they have no reason to offer good odds.


Especially since most people don't understand gambling odds.
 
2014-02-07 09:42:18 AM
Wow so you are telling me the largest economy that also allows gambling also leads the world in gambling activity including loses.....  MIND BLOWN.
 
2014-02-07 09:45:51 AM
The USA is the third most populated country in the world.

This is not terribly surprising. India and China aren't known for being particularly wealthy, just peculiarly segmented.
 
2014-02-07 10:06:50 AM
Isn't gambling the definition of a zero-sum game?
Somebody else won that money, correct?
 
2014-02-07 10:10:01 AM

exparrot: Isn't gambling the definition of a zero-sum game?
Somebody else won that money, correct?


Yeah, the house.
 
2014-02-07 10:49:44 AM
Maybe b/c we actually count the bets, unlike some places which are glorified money laundering for heroin dealers?

Malaysian/South East Asian gangs have been rigging games all over the world, except in Mexico, where the Cartels have told them "hands off, we'll be doing the rigging, thank you very much."
 
2014-02-07 11:45:14 AM

Arkanaut: 90% of that was Floyd Mayweather.

//I know, fake, yadda yadda yadda


He had to beat himself up for the bookie.
 
2014-02-07 01:56:35 PM
WYNN has doubled and LVS is up 50% since a year ago. Not everybody lost money while gambling.

/gambling on hotel real estate prices is, of course, still gambling.
 
2014-02-07 02:27:29 PM
Christian Nation.
Time to cut food stamps.
 
2014-02-07 03:01:18 PM
10% of that money was in scratch tickets that were thrown on the ground on my street.

/When I'm king there will be a significant deposit on scratch tickets
 
2014-02-07 03:55:20 PM

Fear the Clam: 10% of that money was in scratch tickets that were thrown on the ground on my street.

/When I'm king there will be a significant deposit on scratch tickets


Don't call it a deposit, fool.

"Every ticket wins!"

You'll have the addicts falling over themselves to buy more.
 
2014-02-07 05:51:53 PM
How much of that was Sheldon Adelson trying to buy the 2012 election?
 
2014-02-07 08:58:28 PM
Correction: US contributes $119B in supporting gambling industry job-creators.
 
2014-02-08 03:47:28 AM
Wait, these are international gambling losses? Because otherwise you could have just said the casinos total profit was that figure.
 
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