A new public-data tracker: US Gambling Epidemic Live. https://usgamblingepidemic.com, is putting a running tally on what researchers and public-health officials increasingly describe as the fastest-growing addiction crisis in the country.
by Liamerkul
13 Comments
I’d like to see the data when the bubble pops and 25 trillion in tech stocks are lost.
I get that you wanted to shoehorn in the “on track” pun, but if they’ve already lost $25B, then they are really only track for 2–3x that.
Somebody lose, somebody win
This is only the money that gamblers loose directly.
The deleterious effects of gambling and gambling addictions go much further.
Just like the money a meth addict receives for a catalytic converter to buy drugs are much less than the car owners cost to have their vehicle repaired, the effects of gambling becoming so common and pervasive are much higher than the money that gambling sites take in.
People are destroying their future and their relationships with gambling and they are dragging everyone else around them down with them into the holes they are digging.
Plus all that other crime that many gambling addicts end up committing once they are in too deep. “I was going to pay it back!” Is the rallying cry of all the people who still deluded themselves into thinking that they can gamble their way out of a situation that they gambled themselves into in the first place and don’t mind hurting people around them in their idiocy.
I am not one to advocate for prohibition, but maybe let’s not advertise so openly that gambling is cool and socially acceptable.
We stopped showing adverts for cigarettes because those will harm you, but advertising sports betting is okay for some reason.
Putting gambling elements in games aimed at small children is not helping either.
Things are tucked up.
This doesn’t really provide very useful information. Money doesn’t disappear, it just goes to someone else. House takes a cut and the rest keeps getting played. What the house is pulling in would probably be a more useful metric.
Why is everyone only focusing on the negatives around gambling? What about the positives?
Is there someplace I can bet on how much it will end up being? I wonder what the over/under is…
just keeping it easy to nuke
I invested about $4000 in Draftkings and Flutter (parent company of Fanduel) about a year ago
Lost 40% so far
Turns out these companies spend more to acquire new business than they actually make.
The only people making money on gambling in the USA are the actual operators. Not the shareholders
Honestly I’d expect it to be a lot worse than $75 per person.
Plus I’m guessing Nevada per resident numbers are skewed due to the massive amount of gambling tourism.
I don’t get modern “casinos” you push a button and then lose your money. It’s too sterile and soulless since you swipe a little card and then push a button. Id rather play low stakes poker with some friends that way If I lose I know my money goes to a friend rather than a faceless multinational corporation
Me on my way to get my grandma scratch off tickets for mother’s day because she loves scratchers and slots:
some of that 25 billion was well spent.
Does it include r/wallstreetbets?