Czechs Spend $445 on Gambling Per Year

Filed in archive Gambling General on September 13, 2006

Each person in the Czech Republic spends CZK 10,000 (about $445) on gambling per year. Thats a CZK 1,000 increase from 2005 and a huge CZK 4,000 from 2000.

Whilst its not necessarily on a par with Brits or Spain, for an Central European country thats way above anyone else in the region and on a par with more advanced gambling countries.

Czechs also lose 4 times more than Americans - an average of CZK 3,000. 37% take part in lotteries or betting each week whilst more than 50% of them bet at least once a week

These figures only apply to legal lotteries and betting. Online gambling is still illegal in the Czech Republic. However, its assumed that about 4% of Czechs bet online.

Czech lottery organisers and betting companies received a record-high CZK 90.7 billion in 2005, 50 percent more than in 2000. They paid out CZK 69 billion to winners.

Article: Each Czech spends almost CZK 10,000 on betting yearly