Wagerings outpaces casino expenditure in Singapore

Singapore gamblers spend close to $8 billion a year on horse racing, pools and other games, outstripping the combined earnings of the city state’s two casinos.

Punters spent $7.89 on games run by Singapore Pools and Singapore Turf Club during the financial year ending March last year, while the combined gross gaming revenue for the two casinos – Resorts World Sentosa and Marina Bay Sands - for 2013 was $7.66 billion, according to CIMB Research.

With the exception of horse racing, the turnover for 4-D, Toto, the Singapore Sweep and sports betting such as on soccer matches continued to grow even after the casinos opened five years ago.

The most popular types of gambling activities for 2014 were 4D (35 per cent), Toto, (27 per cent), Singapore Sweep (16 per cent) and social gambling (10 per cent), according to the latest survey by the National Council on Problem Gambling.

 

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts