Seeking Alpha – In 2009, I wrote a piece on the global economics of gambling. The subject interests me because I had previously determined what types of entertainment people spend the most money on. It turns out that drinking, “entertainment” drugs, and sex are at the top of the list, but gambling ranked a healthy sixth after restaurants and movies.
My gambling data was provided by the Global Betting and Gaming Consultancy (GBGC). GBGC has worked with or supplied information to over 400 clients, the majority being blue chip organizations. I have found its gambling database to be the best there is. For this article, I have convinced Warwick Bartlett, GBGC’s CEO and founder, to provide me with data on gambling activities for Australia, France, Macau, Sweden, the United Kingdom, United States and total global. Together, gambling revenues of these countries constitute 41% of the worldwide total.
