Critics call gambling “the devil's playground.” Online gambling losses in the United States are likely to exceed $1 trillion in the next few years, at the expense of American gambling operators, and are on track to meet that estimate.
U.S. lawmakers and government regulators “cannot continue to rely on theories of responsible gambling that shift the burden of harm prevention onto individuals,” said the founder and chief executive officer of the California-based Campaign for Fair Gambling. provider Derek Webb said in an article Wednesday. release Anticipate impending losses.
UPI report They point out that gambling is legal in some form in more than 80 percent of the approximately 200 countries around the world. According to A recent report by the Public Health Commission also warns of the dangers to public health of the online gambling industry. This report reveals exactly what's at stake.
It is estimated that approximately 16% of adults and 26% of adolescents who use online gambling platforms have a gambling disorder. The commission's report added that 9% of adults and 16% of youth who use sports betting products have gambling problems as well.
Currently, the World Health Organization states that in its latest estimates, the legal aspect of the online gambling market is expected to reach $700 billion on an annual basis worldwide as early as 2028.
It added that U.S. consumers and the economy as well are projected to lose at least $1 trillion by 2028 in the 25-year-old online gambling market.
A 2021 United Nations report estimates that up to $1.7 trillion is already lost in the illegal gambling market every year.
Meanwhile, a 2022 Pew Research survey found that 19% of U.S. adults made a sports bet in-person or online in the last year, and previous research has shown that more and more young people are turning to sports betting. It has been shown that they are attracted to each other.
WHO emphasized the need for “universal, population-wide public health policies” designed to combat the harms of gambling and its known addictive nature.
The District of Columbia and 38 states have legalized sports betting following a 2018 U.S. Supreme Court ruling that struck down the ban, according to the American Gaming Association.
Sports betting is currently legal in 36 states across the United States.
