Frequently Asked Questions (FAQ)
If we’re talking per capita, then the United Kingdom has the most gamblers. However, this doesn’t mean the UK is the biggest-spending country.
That honor goes to China – the country spends about $36.5 billion a year on gambling. Macau has fewer casinos than Las Vegas, but its revenue from gambling is way larger than what comes from Sin City. In 2019, Macau brought in more than $29 billion compared to the $6.6 billion bought in by Las Vegas. This is a good indication of how much money is spent on gambling in China, considering Macau is only one of its regions where gambling is legalized.
Australians lose the most money to gambling per capita. According to the New York Times, the average Australian adult loses approximately US$1,000 per year to gambling.
Edward E Thorpe is perhaps the most famous gambler. Thorpe earned a degree in mathematics at UCLA and was the first person to use a computer to understand blackjack strategies. He also wrote a book on card counting called “Beat the Dealer,” which is considered to be one of the best guides to winning at blackjack.
With a net worth of $800 million earned from his gambling ventures in Las Vegas, Reno, and Lake Tahoe, Thorpe is one of the richest gamblers in history.
It is widely believed that Bill Benter is the richest gambler in the world. Like Thorpe, Benter was a professor of mathematics before he eschewed his career in favor of gambling. After several years of training, Benter became so good at playing blackjack with the call counting strategy that casinos started to ban him because he would almost always win.
Since he was no longer welcome in casinos, Benter turned to sports betting, particularly horse betting, developing a model to help him better predict the outcome of horse races. He later earned millions after developing software. Estimates say Benter earns $100 million annually, and his net worth is almost $1 billion, surpassing the net worth of most celebrity gamblers.