Estimated Illegal Gambling on the 2014 World Cup in Thailand

in Business Risk

A survey by the University of the Thai Chamber of Commerce found that an estimated $1.3 Billion (43.5 Billion Thai Baht) in illegal gambling bets is expected to be placed in Thailand during the 2014 World Cup Tournament. By comparison, an estimated $789 Million (25.7 Billion Baht) is expected to be spent on consumer goods and parties, such as new television sets.

Thailand has a huge illegal gambling industry.  There are over 3 million gamblers in Thailand who gamble at any of the 700,000 to 1 million illegal casinos across the country.

Source:  Phusadee Arunmas, “World Cup a boon to spending,” Bangkok Post, June 6, 2014.

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