Singapore’s Gambling Rates And Spend Trending Down After Covid


Singapore’s gambling rates have been trending down since the outbreak of COVID-19. This is in line with the general trend of Singaporeans spending less on leisure activities as they tighten their belts during the economic downturn.


As people become more aware of the dangers of the virus, they may be less likely to gamble in public places like casinos. Another reason could be the general trend of Singaporeans spending less on leisure activities as the economy slows down. People losing their jobs or seeing their incomes reduced may be more reluctant to gamble money that they can’t afford to lose.


The global pandemic has caused many changes in people’s lives, one of which is gambling habits. According to a recent report by the Singapore National Council on Problem Gambling (NCPG), there has been a decrease in both gambling participation rates and spending among Singaporeans since the outbreak of COVID-19.


It is due to the various restrictions to curb the spread of the virus, such as the closure of physical casino venues. With fewer opportunities to gamble, people are spending less on gambling activities.


The NCPG’s report also found that problem gambling rates decreased because people are more aware of the risks associated with gambling and are taking measures to control their spending.


Reasons for this decline: social distancing, travel bans, and economic decline.

With the outbreak of COVID-19, many countries have implemented social distancing measures to prevent the spread of the virus, resulting in fewer opportunities for people to gamble, as many gambling venues such as casinos and clubs are closed.


In addition, travel bans have prevented people from traveling to gambling destinations such as Macau and Las Vegas, further reducing the opportunities for people to gamble.

Lastly, the economic downturn caused by the pandemic has also led to a decrease in gambling spending. People are less likely to gamble or spend on luxury items such as gambling with less disposable income.


The NCPG’s report is based on data from two surveys conducted in April and May 2020. The first survey was conducted online with 1,302 respondents, while the second survey was conducted over the phone with 1,015 respondents.


The report found that gambling participation rates have declined from 3.2% in 2019 to 2.6% in 2020 and the impact is seen even in best online casino. The decrease is most significant among those aged 21 to 30, whose participation rates have dropped from 5.5% to 2.8%.


In terms of gambling spending, the report found that the average monthly spend has decreased from $119 in 2019 to $88 in 2020. 26% decrease is the largest decrease among those aged 21 to 30, whose average monthly spend has dropped from $154 to $79 – a decline of 48%.


Overall, it seems that the pandemic has hurt gambling habits in Singapore. However, it is important to note that these changes may be temporary and that gambling rates could rise again once the situation stabilizes.


What does the future hold? It is difficult to say the future of gambling in Singapore. The pandemic has caused many changes in people’s behavior, and it is hard to predict how long these changes will last. However, one thing is clear: Singaporeans love to gamble, and they are unlikely to give up their favorite pastime anytime soon. Only time will tell if the current trends will continue or if things will eventually return to normal. Either way, gambling will continue to be a popular pastime in Singapore for years to come.


Do you think the decline in gambling rates is temporary or permanent?


Effects of the decline: Gambling establishments face financial difficulty, with some closing their doors.

This is particularly true for smaller businesses that cater to a niche market. The decline in gambling rates has also led to job losses, as casinos and other businesses cut back on staff.

This is in line with what we have seen in other markets worldwide, where people are cutting back on their discretionary spending.

However, it is worth noting that Singapore’s gambling rates are still relatively high compared to other countries.

So while the recent trend is down, there is still a significant amount of money being spent on gambling in Singapore.

Several factors could be driving this, but one possibility is that people are turning to gambling to cope with the stress of the pandemic.


Whatever the reasons behind it, it’s clear that gambling is still a popular pastime in Singapore despite the challenges of 2020. And with casinos set to reopen soon, we may see a resurgence in spending on gambling.


What do you think? Will gambling rates continue to trend down in Singapore, or will we see a rebound once casinos reopen? Let us know in the comments below. Thanks for reading! And stay tuned for more insights on the latest trends in the Singapore gambling market.