The National Council on Problem Gambling tracks the official numbers of online gambling data in Singapore. Data collected in 2017 indicated slightly over 50% of all adults participated in gambling, making at least one wager. After three years, the NPCG collected data and published a decrease in Singapore nationals making wagers for 2021. In 2021, a year afflicted by the COVID-19 pandemic, just under 45% of the adult population of Singapore made a wager.
Who Can Make Wagers In Singapore?
The gambler must be at least 21 years or older to be classified as an adult to place a bet in Singapore. They prohibit gamblers under the age of 21 in the gambling section of casinos. Permitting underage gamblers is a criminal offense in Singapore and can result in hefty fines and withdrawal of gambling licenses for the casino. Moreover, citizens of Singapore and individuals with a residence permit must pay an entry fee to access the gambling section of a land-based casino. Singapore is home to famous land-based resorts such as the Marina Bay Sands and the Resorts Worlds Sentosa. In the past, both Casinos paid fines for different reasons relating to permitting gamblers who did not produce an entry fee to enter the casino.
Gambling In Singapore (2014-2017)
Based on statistics published by Statista, the number of adults making wagers decreased from 2004 to 2014. The 2010 decade saw several rules and restrictions on gambling in Singapore which ultimately led to a decrease in the number of Singaporeans gambling every year. Between 2014 and 2017 saw a gradual increase in the number of adults making wagers in Singapore. In 2014, 44% of the population made a wager, while in 2017, a little over 51% made a wager. It is from findings from the research on the information collected from 3000 adults in Singapore.
Gambling In Singapore (2017-2021)
The National Council on Problem Gambling tracks the official numbers of online gambling data in Singapore. Data collected in 2017 indicated slightly over 50% of all adults in the country participated in gambling, making at least one wager. After three years, the NPCG collected data and published a decrease in Singapore nationals making wagers for the year 2021. In 2021, a year afflicted by the COVID-19 pandemic, just under 45% of the adult population of Singapore made a wager.
Types Of Wager
The most common type of wagers made by individuals in Singapore was typically within the range of $10-$22. In 2017, the most common bets made by Singaporean punters were about $22. By 2021, this number decreased to $11 or by 50%, indicating punters were not only making lesser wagers, but the average amount staked by most punters was also decreasing. Around 90% of the betting population spent under $75 each month to make wagers. Over 60% of the wagers made are on sporting events and sports betting outcomes. Around 25% of all wagers made are on casino games such as poker, roulette, and blackjack. The last 15% includes stakes on Esports, horse racing, slot games, etc.
Singapore Online Gambling Stats 2021
With a gradual decrease in land-based gambling, more individuals were making online wagers instead. Restrictions because of the coronavirus pandemic led to fewer individuals being able to make in-person wagers. With lockdowns imposed nationwide, some companies had to lay off employees or shut down entirely. It meant lesser disposable income for the average bettor in Singapore. The global revenues generated by gambling activities fell drastically across all betting markets globally because of COVID. The countries that bring in the most betting revenue include China, followed by the United States of America, Japan, South Korea, and Germany.
With several countries adopting mass vaccination programs, the number of online and offline bettors has increased and can rise from the lows set in 2021. The shift in increased online wagers and decreased in-person wagers is another trend likely to be observed in the future. A fun fact is Asia generates around a third of the global betting revenue. Asia also has the fastest growing betting markets, with sports betting leading the list, followed by casino gambling and online slot gaming.
