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  1. #1
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    Default TIME Magazine: Sports betting "explosion" is driving addiction among college students

    According to an article published by TIME Magazine earlier this month, U.S. college students, particularly those from low-income families, are experiencing a surge in gambling addiction, driven largely by sports betting apps on mobile phones, leading to "financial problems, academic neglect, and addictive behavior, akin to binge drinking or substance abuse."

    Frome the article:

    The majority of the gambling takes place on mobile phones, Ozmat says, largely—although not exclusively—on sports betting apps. Served up to students through ubiquitous ads that offer promises of “free” bets and easy wins, the apps sink their hooks deep into students, leading them to spend their financial aid money, lie to their parents, and ignore their studies so they can keep playing, he says. Students from low-income families are particularly vulnerable, as they lack the financial safety net to bounce back from losses.

    ”It almost feels like binge drinking or methamphetamines, where they are going on benders,” he says. “They’ll make bets and bets and bets and bets and then wonder, ‘how the hell did I get here?’”
    One out of 10 college students is a pathological gambler, according to one meta-analysis conducted by professors at the University of Buffalo, far higher than the 2-5% of the U.S. general population estimated to have a gambling problem. Other studies place the number of student gambling addicts lower, but still higher than the overall population of pathological gamblers.

    That Buffalo analysis looked at 18 separate surveys conducted between 2005 and 2013, before the widespread legalization of sports betting, which is “the largest and fastest expansion of gambling in our nation’s history,” according to Keith Whyte, the executive director of the National Council on Problem Gambling.

    More recent statistics about the prevalence of problem gambling among you people since the advent of mobile sports betting are unavailable, in part because the wave of online sports betting has crashed onto colleges so suddenly. While college students have always gambled, whether playing poker or betting on sports with a bookie, the betting apps are finding unusual traction on campuses.

    Another survey of 3,527 Americans between ages 18 and 22—mostly college students—released in April by the National College Athletic Association, shows how sports betting has become commonplace. Nearly 60% have bet on sports, and 4% do so daily. Almost 6% reported losing more than $500 in a single day.
    Read more here: https://time.com/6342504/gambling-ad...lege-students/

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  3. #2
    newcustomeroffer is offline Public Member
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    I expect we'll also see an 'explosion' in these types of articles too as the media outlets crave for headlines as the US market grows.

    If they ever get short of ideas then simply checking old UK media articles and re-spinning them for the US market should do the trick.
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  4. #3
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    It sounds no different than when credit card companies were all over college campuses back in the 80s and 90s "sinking their hooks" into students with credit card debt and high interest charges.

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    I agree that those numbers, if they are real, are alarming. However, the news overlooks why so many students are gambling pathologically (hint: it's not just because they can do it on their phones, that only facilitates it). As usual, they focus on the what, ignore the why, and put all the blame on ads.

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    You're right. In both cases, vulnerable populations such as low-income students were targeted by companies that offered them products or services that could lead to financial problems.

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    I certainly agree with everyone's comments above.

    It would be interesting to see some analysis of the total population by various cohorts in order to make a real conclusion. The way the article is written is too far one sided.
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    dachin is offline Private Member
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    I don't think gambling addiction among college students is new. I think it's a shame that it would be viewed as a problem just because it happened to be a sports bet. A more reasonable way to use it than being used for drugs etc.

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    Good point, in fact I think we have run a few stories about college student and betting in the last few years,

    If I recall most of the articles stressed sports betting issues in the schools covered in the article or study etc.

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    College is supposed to be about developing and celebrating the habits required to become a lifelong alcoholic, it's not supposed to be about gambling.

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    It's not surprising. The TikTok generation is so heavily influenced by social media. Seeing Drake's bets on Stake or other social media channels posting insane parlay bet wins, makes you believe you can do it too. Plus you have so many social media influencers with sponsorship deals with DraftKings, BetMGM and so on. It reminds me of all those money making videos and articles doing the rounds several years ago during the Binary Options boom. The day they allowed fantasy sports betting or social casinos as a way to get around the the online gambling ban in the US, was the day this problem was born. But at the end of the day, it's up to the parents to educate their kids and you need to take responsibility for your actions. Why should all the responsible gamblers and affiliates like ourselves bear the brunt for some that can't handle their gambling?

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  17. #11
    dachin is offline Private Member
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    This isn't just limited to sports betting; Japan has a lot of gambling, including pachinko, horse racing, and boat racing, so I don't see it as a problem. The country is targeting online casinos as its enemy.

  18. #12
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    it is something people will have to deal with globally. Younger generations growing up with online gambling.

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