Since the 2018 Supreme Court decision allowing states to legalize sports betting, online gambling has seen a significant increase, raising concerns about its impact on consumers.
Andrew Brandt, executive director of the Moorad Center of Sports Law and Business, expressed skepticism, stating, “It’s hard to believe that any of these states, including the Supreme Court, did not anticipate some problematic gambling behaviors arising from this decision.”
According to the American Gaming Association, sports betting is currently legal in 38 states and the District of Columbia, with two additional states contemplating legalization.
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A recent study by the University of California San Diego found that while the legalization of online gambling boosts state revenues, it also contributes to more irresponsible betting practices, especially among low-income individuals.
Of the 700,000 gamblers examined in the study, 96% experienced losses from gambling.
Another study conducted by researchers in California revealed a 30% increase in the likelihood of filing for bankruptcy within three to four years in states where online gambling is permitted.
Experts are advising states to carefully weigh the potential consequences for consumers when considering the legalization of online gambling.
For individuals struggling with a gambling problem, assistance is available by calling 1-800-GAMBLER.
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