Join The Fastest-growing Sports Betting Community In India: Pokerstars Sports – Commentary: The dark side of the Super Bowl and sports betting: Financial and health problems hit people who can’t afford to lose anymore.
Young people are especially at risk of developing gambling problems, but the government is silent about this excessive addiction.
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When the Philadelphia Eagles and Kansas City Chiefs take the field in Super Bowl LVII, more than 50 million players are expected to have $16 billion of their own skin in the game, according to the American Gaming Association.
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In January 2023, Ohio and Massachusetts legalized sports betting, joining Washington D.C. and 34 states that have passed laws since the US Supreme Court struck down the federal ban in 2018. State legislatures are often eager to take advantage of sports betting windfalls. and get a share of the billions of dollars wagered every year. Voters are also increasingly supportive of legalization.
In New Jersey, sports betting, both online and offline, has been legal since June 2018. The state is the only jurisdiction that requires an annual assessment of the relationship between online gambling and sports betting on problem games.
The Center for Gambling Studies at Rutgers University, which I direct, conducts annual assessments using data from all sports bets placed in New Jersey since 2018. Our research suggests that Americans’ love of sports betting can have unexpected consequences.
In our next statewide survey of gambling, we found that sports bettors in New Jersey were more likely than other gamblers to have higher rates of problems with gambling and gambling, drugs or alcohol, and health problems. , including anxiety and depression.
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Most alarming, research suggests that around 14% of sports bettors reported suicidal thoughts and 10% said they had attempted suicide.
A small group of players appear to be most at risk. About 5% of all sports bettors made almost half of all bets and spent almost 70% of the money. This means that the people who lose the most money are the most important to the entrepreneur’s profit.
The fastest growing group of sports bettors in New Jersey are young adults, ages 21 to 24. The majority placed in-game bets, and around 19% spent half of their money gambling during the game, when emotions and impulse spending are at their peak.
While regulators require operators to allow players to set limits – on losses, deposits or time spent playing – only around 1% of young players use the protection, fewer than all age groups. As around 70% of the sports bets we look at are losing prizes, many of these young players may be losing more money than they can afford.
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It is therefore conceivable that the government could introduce a group of young people to gambling and its consequences throughout their lives.
This is because the younger people start playing the game, the more they play. And the more often they gamble, the more likely they are to develop serious gambling problems. Studies show that those who gamble as adults have a higher than average rate of problem gambling.
Adding to the danger is the easy access afforded by tablets and smartphones, which remove most barriers to gambling, even for minors. Children who are constantly exposed to gambling advertisements report that they remember the gambling outcomes and terms of these advertisements, and some teens say they intend to gamble as a result. If a parent or family member also gambles, these children may not only develop gambling problems later on, but drug and alcohol problems as well.
In the United States, the Marlboro Man cannot skip every television station in the country. Ads for alcoholic beverages must not contain misleading statements, of course, or target minors.
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There are currently no federal guidelines for gambling advertisements. Major League Baseball, which banned Pete Rose and removed him from the Hall of Fame for gambling, openly punishes stadium-bound sports betting and its affiliation with gambling operators. So does the NFL and most of its teams, with former superstars like Eli Manning encouraging betting in advertisements and Pro Bowl wide receiver Davonte Adams becoming the first active player with a gambling sponsor. .
Gambling treatment services vary by state, from specially trained and culturally competent counselors in some states to a lack of services in others. Most children and young people are not educated at school about problem gambling, as is the case with drugs and alcohol. Some universities openly cooperate with gambling companies and sponsor sports competitions, which invite minors to play.
The federal government is silent about this widespread addiction. Nationally, there is no federal policy, prohibition, or federal financial research or prevention program, despite all the tax revenue on gambling winnings.
Internationally, gambling-related abuses and tragedies have led countries such as Australia and the UK to introduce new regulations and heavy penalties for operators. The UK, for example, requires operators to carry out financial checks on customers to ensure they can pay their losses and bans gambling ads from athletes, celebrities or social media influencers that appeal to children and young people.
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I think it’s just a matter of time before a similar proposal reaches the US. Today, millions of people across half the country will legally put their hard-earned money on the line to win the Super Bowl. I hope they can afford to lose.
This comment was posted by The Conversation – Data from New Jersey is a wake-up call for young sports bettors.
If you or someone you know has a gambling problem, call the National Problem Gambling Helpline at 1-800-522-4700 for assistance.
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‘My sister always struggles with money and drugs’: I have a house with my wife and mother. Should we remove my sister from the family heirlooms? Hello, welcome to Indy Gaming Magazine, a weekly review of national and international gaming news and events related to Nevada.
On Sunday, DraftKings announced that hackers stole approximately $300,000 in customer funds through a series of compromises of gambling accounts, which led to unauthorized bank withdrawals. DraftKings is committed to paying customers any money lost due to illegal entries.
The newspaper published a series of four articles following a nearly year-long investigation into the nationwide expansion of legalized sports betting and questioned some of its consequences.
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Questioned the various sports betting tax structures and lobbying methods used to influence lawmakers. The articles also dispute figures cited by the industry in relation to illegal offshore gambling operations, criticize sports operators’ efforts to promote responsible gaming practices, and review efforts to obtain dubious clients targeting college students.
One article covered Penn Entertainment’s acquisition of Barstool Sports and the company’s relationship with Barstool founder Dave Portnoy, who was accused of sexual misconduct by online publication Insider.com last year and called him a “degenerate player.”
Nevada’s game coordinator asked Penn about Portnoy. The company, which operates the M Resort in Henderson, does not own the Barstool brand in Nevada and declined to comment.
The American Gaming Association, a trade association in Washington, D.C. sector, gave a reasonable response on social networks last Sunday, saying in his first post on Twitter that the
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“We will continue to invest in developing a safe and well-regulated environment that protects consumers and creates community benefits,” the AGA wrote.
David Briggs, co-founder of GeoComply, a Canadian geolocation and anti-fraud company working in the gaming industry, wrote in a LinkedIn post that “Sports betting is a successful example of resource destruction – money for crime. organized”.
Brendan Bussmann, a Las Vegas-based gaming industry consultant, said these stories clearly demonstrate that these stories need to better educate their players, not just champion the cause of additional laws and regulations, but overcome the “fiction that is published as part of that story.”
Bussmann, partner at B Global, said that gaming is “one of the most regulated industries and it’s ridiculous to show that there is no point in this series”.
State Officials Seek To Revisit Sports Betting Arrangements
Following a US Supreme Court ruling in May 2018 that opened up sports betting nationwide, 31 states and Washington, DC currently legalize and regulate book, sports and/or online sports betting. Five more states are expected to start the initiative in early 2023.
South Dakota was the third state behind Nevada and New Jersey to legalize casinos in 1989. In the past 33 years, the number of commercial casinos has increased to 34. .
Even the state lottery, which started in New Hampshire in 1964, grew to 44 states in 2019 when Mississippi passed the initiative.
“We are fully federally regulated and thousands of professionals in all jurisdictions set and enforce the rules,” the AGA wrote in a tweet. “There are high standards that must be met to obtain and maintain a gambling license and claims to the contrary are false.”
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G2E attendees walk through the Playtech Sports exhibit on Tuesday, October 5, 2021. (Jeff Scheid/The Nevada Independent)
At the same time, responsible gaming has
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