S’POREAN PUNTERS LOST MORE THAN $2.7 BILLION TO GAMBLING IN 2016?

I refer to the article “The biggest losers” (The Economist, Mar 18).

S’poreans are the 2nd biggest gambling losers in the world?

It states that “This is no anomaly. Australia fritters away more money per person gambling than any other country. According to H2 Gambling Capital, a consultancy, the average adult lost $990 in 2016; 49% more than Singaporeans, the next-biggest losers.”

Average adult Singaporean lost $930?

Does this mean that the average adult Singaporean lost about S$930 (US$990 divided by 1.49 x 1.4)?

Lost $2.7b in a year?

Since the adult population was about 2.9 million in 2016 – does it mean that we lost about $2.7 billion ($930 x 2.9 million) in a year?

Leong Sze Hian