Crisis-hit Spaniards turn to gambling

Gambling SpainA new research shows that more Spaniards play games of chance as they try to boost their financial situation. The Institute of Policy and Governance (IPOLGOB) conducted the research that featured a number of studies. Results show that the global financial crisis and the economic slump in Spain have had an impact on gambling activities.

Gambling hope

Last year, 63.8% of Spaniards aged 18 – 75 revealed to have gambled on a regular basis, in comparison to 49.4% in 2009. "The economic situation has driven Spaniards who gamble occasionally to spend small amounts on gambling. They play games of chance to improve their finances, which is a common trend in times of economic problems," one of the researchers said.

Online gambling affected by crisis

Additionally, the number of Spanish online gamblers aged 18 – 75 increased to 6.4% in 2011. However, that number has dropped to 6.2% this year. Individual online punters gambled less this year than in 2010. The Spanish online gambling market represents a value of €649.2 million, compared to €671.2 million in 2010. That 3.3% decrease is mainly the result of the economic crisis.
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