Many people think that gambling and online slots are a bad thing. And with the coronavirus, they are happy that casinos and other gambling places are being closed.

What they do not know is how much the economy can and will be affected by the closing down of these establishments.

Those of us who do know just how much gambling helps the economy are concerned as to whether gambling will survive the coronavirus outbreak.

Gambling Losses

Almost all countries in the world allow at least one or two forms of gambling. Be it the state lottery, sports betting, poker rooms or online casino games. This is because they know that gambling is one thing that people love to do and one thing that can help the economy to survive.

However, with the covid-19 virus spreading almost all gambling establishments have been closed and now people have to depend on just best online betting websites. This helps, but for gambling to survive, it needs to be a joint effort from both land and online gambling activities.

In the United States alone, if gambling establishments stay closed for the next 8 weeks, this will cost their economy $21.3 billion. This will result in 530 000 employees who are out of work, which makes up at least 96% of the casino workforce.

So, you see, as much as people may be against gambling, it helps to boost the economy. That is why even while under lockdown Macau had to reopen some of its casinos as the losses were too great to bear.

In Macau, 33 of the 70 casinos are now open, however, they are taking strict measures to make sure that all the punters are virus-free. One of those measures is making sure that the gamblers are all wearing masks.

For the sake of the world economy, we do hope that the coronavirus comes to an end and we can continue with our gambling activities as usual.