I was looking at gambling statistics for my country the other day. People in Greece lost
22.5 billion EUR only in 2021, and
29 billion in 2022 and that was only on licensed establishments.
That's around 10% of Greece's GDP wasted away towards offshore companies... This is a very hard issue to deal with and to think that it happens at such a scale even with the licensed casinos is unthinkable. Essentially governments sell a casino license once and then these casinos are given free reign on how to advertise, how to be promoted, what claims to make... No limits to how much they can earn.
But governments sure as hell are there to profit whenever a gambler wins anything, heavily taxing big winnings... What makes me even angrier is that these licensed casinos do very little to offer gamblers resources to play responsibly, and do nothing to educate gamblers about house edge. Also, none of their games run on provably fair algorithms. And yet the government does very little to regulate them after having sold them a license...
And Greece isn't a rich country by any means. Many families are facing hardship, unemployment is high, youth emigration is rising etc... Things don't look particularly good for the economy in general.
What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?