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9. Greece

Gaming Losses Per Adult: $420

Greece boasts of one of the most legendary gamblers of all times — Nicholas "Nick the Greek" Dandolos. He died almost penniless at the age of 83 in 1966, having lost all his winnings, which were estimated to be worth almost $500 million in 2009 in inflation-adjusted terms.

Lotteries are among Greeks’ favorite ways to gamble. In 2010, the “Joker” lottery accumulated a record jackpot of 19 million euros.

The country is also home to Europe's biggest gambling company, OPAP, which has a market cap of about 4.1 billion euros. Its privatization, to be finalized by 2012, could help the government pay off some of its debts.

Photo: Sakis Mitrolidis | AFP | Getty Images