I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
I think the right individuals that are supposed to be gambling is the rich because they have lots of spare cash to spare, especially those with numerous sources of income that can spend a huge sum of money without feeling remorseful, well I don't know the population of wealthy people that are gambling so i won't agree with his statement cause there no prove that the population of wealthy gamblers is little.
Maybe in his country there are no casinos but just sports betting shops managed by agents, but I there is he should visit the casinos then he'll be shocked at the number of wealthy people he'll come across, wealthy individuals gamble in casinos and not traditional sports betting shops. Also if the online casino could reveal the number of wealthy individuals that use their platform that dude would be sacked at the people he'll see.