Online Gambling Statistics
The amount of money that young people are spending on online gambling is increasing. According to a study by the Annenberg Adolescent Communication Institute, more than 400,000 male youth gamble for money at least once per week. In Canada, the industry is expected to grow by 4.9% by 2020. This trend is expected to continue. In the UK, the number of online gambling accounts has risen over the past year. A similar trend has been observed in Australia.
The numbers also show that women gamble less often than men, and that they spend less money on online gambling. It is also noted that they are less likely to cash out large winnings than men. However, the gender differences in gambling have decreased significantly in the last decade, as only 27.7% of women participate in online betting in June 2021. Despite the fact that more women are now able to access online casinos, they are still the preferred mode of gambling by men.
Although men spend more money on online gambling than women, this is not a general rule. The statistics also reveal that men are more likely to spend money on gambling than women. This means that men are more likely to be serious about online betting, while women are more interested in having fun and winning bigger. The gender gap in gambling is decreasing, but the percentages of both sexes continue to vary. In June 2021, 27,7% of men and 21.8% of females were involved in online gambling, a drop from the previous year.