Online Gambling on the Rise, US on Brink of Gambling Crisis

When Asher first attended a Gamblers Anonymous meeting in 2022, there were only about a dozen people there. Now, there are about 60 people there, most of whom are newcomers to dealing with online sports betting addiction. Asher, who asked the Thomson Reuters Foundation to use a pseudonym to protect the privacy of his recovery group, initially became interested in gambling through online poker. “It was very easy to open these gambling accounts online,” he told the Thomson Reuters Foundation. “At one point, I lost over $500,000 because of this addiction and almost lost my family.”Dr. Timothy Fong, co-director of the Gambling Studies Program at UCLA, said health centers used to be flooded with seniors who had lost their savings at casinos, or were addicted to slot machines. However, now those coming to the clinic are young men addicted to online gambling, risky crypto and stock trading, and increasingly online sports betting. “Everything has changed,” he said. “We're in the second half of the gambling crisis. We don't know … if this could be on the level of the opioid crisis.” Sports betting ban lifted in US Previously, the US Supreme Court changed online gambling in 2018, striking down a …

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Online Gambling on the Rise, US on Brink of Gambling Crisis

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