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This is just behind the US, which is expected to see about £18.41 billion in revenue this year. Australia took the third spot, with a projected revenue of £8.11 billion. …

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Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. [1]

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