Though the phrase “the luck of the Irish” is not originated in Ireland, it is circulating rightly in the country. According to The Irish Post, more amount of money is spent per capita on gambling in Ireland than in almost all other countries globally. Only two of the countries, Singapore and Australia, have spent more to hit the slots and tables than in Ireland.
The media outlet is not at all the source of this data. However, it denotes the people of Ireland love online gambling more than any other form of gaming. The spend of online gambling comes with a rate of 60%, which is greatly superior, as compared to the other forms of gambling and sports gambling that is accounting only for 15% of the money. The lottery is receiving a cut of 10%, the same amount of which is being given for the gambling machines and slots. The number of casinos in Ireland is 20, which picks up from 5% of the action.
As Australia and Singapore witness more gambling spend for each capita, Ireland is undoubtedly the hands-down winner for online gaming spend. The Irish Post asserted this as “Ireland takes the lead globally when it comes to online gambling.” It adds, “With almost 3 billion American dollars spent on gambling and betting every year, that means that each man, woman, and child in Ireland are spending roughly 500 [euros] ($607) annually on this type of entertainment.”
The media outlet is further indicating towards online gambling, which is most popular in Ireland as the segment is getting more regulated. It cited the outdated laws that some of the casinos are exploiting to attract attention. However, the transparency and accountability afforded by the gamblers with online operators only offer them an edge. The Irish Post explains that, as per the report, many of the Irish people are having a preference to gamble in a British casino rather than a domestic one. It is probably the result of the outdated laws.
Before the COVID-19 pandemic, the Irish had already inculcated their love for gambling online, and the segment got increased more than 15% every year. Last year with coronavirus, the percentage jumped at a substantial rate, along with the introduction of live casino games and live sports gambling. The online segment has got skyrocketed in terms of popularity. Online gambling undoubtedly is the future that is looking down the path up to 20-30 years. However, it is never too early for casino operations to gear up for their preparation.
Surprisingly, the U.S. is holding its rank in the fifth position in terms of per-capita gambling spend, which is even less than Finland. However, along with a population of more than 330 million, it is still the largest market currently available. $120 billion was spent on the gambling industry in the country in 2019. On the contrary, the Irish hand spent $2.7 billion with a population of less than five million.