![]() ![]() “On face value, he can pay his rent, he’s not gonna die,” Fong said. “You can’t see it, you can’t smell it, you can’t taste it.”įong points to one of his patients, a man in his 20s who earns $160,000 a year and owes $40,000 in gambling debts. With legal sports gambling, “It’s a hidden addiction,” Fong said. That figure is 15 times what the sports gambling industry reaped in 2018. In the first 11 months of 2022, Americans bet $83 billion on sports and delivered $6.6 bil lion to betting firms. The industry reaped $4.3 billi on in revenue on $57 billion in wagers in 2021. Much of the promised revenue hasn’t reached the states, according to a N ew York Times investigation.īut gambling dollars have reached the betting operators. Lobbyists pampered state lawmakers with parties and promises, predicting millions in new tax dollars. ![]() The subsequent spread of legal gambling was stunningly swift. The Supreme Court ruling struck down a federal law that had banned most commercial sport wagering outside Las Vegas. With gambling, I can be sitting with my kids, watching cartoons, and gambling away my house, my car, everything I own, on my mobile phone. “If I’m drunk or high, at some point my family is going to figure it out. “Gambling is a very different addiction from drugs or alcohol,” said Lia Nower, a professor and director of the Center for Gambling Studies at Rutgers University. ![]() Addiction experts fear a coming national epidemic to rival the opioid crisis. ![]()
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