Depends if it's total amount wagered or total amount lost.
If amount wagered, at typical takes for bookies/casinos/lotteries that would mean people would lose in expectation 0.1% to 5% of their income. Seems like a reasonable compromise that people could indulge in gambling for entertainment but very few people would be caused financial problems. With some weird second-order effects, but no regulation is perfect.
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Depends if it's total amount wagered or total amount lost.
If amount wagered, at typical takes for bookies/casinos/lotteries that would mean people would lose in expectation 0.1% to 5% of their income. Seems like a reasonable compromise that people could indulge in gambling for entertainment but very few people would be caused financial problems. With some weird second-order effects, but no regulation is perfect.