Tag #Gambling Addiction

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forbes.com

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Feb 17, 19:09

Gambling Addiction Help-Seeking Soars After Legalization of Sports Betting

A University of California San Diego study reveals a surge in gambling addiction help-seeking (6.5-7.3 million searches between May 2018 and June 2024), largely linked to the 2018 Supreme Court decision enabling widespread sports betting legalization across 38 states, significantly outpacing treatme...

Gambling Addiction Help-Seeking Soars After Legalization of Sports Betting

A University of California San Diego study reveals a surge in gambling addiction help-seeking (6.5-7.3 million searches between May 2018 and June 2024), largely linked to the 2018 Supreme Court decision enabling widespread sports betting legalization across 38 states, significantly outpacing treatme...

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What is the immediate impact of the increased accessibility of online sports betting on the prevalence of gambling addiction in the United States?

A recent study reveals a dramatic rise in searches for gambling addiction help (6.5 to 7.3 million between May 2018 and June 2024) following the 2018 Supreme Court decision legalizing sports betting in most US states. This surge, peaking at 180,000 monthly searches in June 2023, is largely attributed to the proliferation of easily accessible online sportsbooks.

nrc.nl

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Feb 15, 01:08

Netherlands Tightens Online Gambling Rules Amid Addiction Surge

The Netherlands is increasing the minimum gambling age to 21, restricting online gambling ads, and strengthening the Kansspelautoriteit to tackle a surge in gambling addiction following the 2021 legalization of online gambling, which resulted in 450,000 additional online gamblers.

Netherlands Tightens Online Gambling Rules Amid Addiction Surge

The Netherlands is increasing the minimum gambling age to 21, restricting online gambling ads, and strengthening the Kansspelautoriteit to tackle a surge in gambling addiction following the 2021 legalization of online gambling, which resulted in 450,000 additional online gamblers.

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What immediate actions is the Dutch government taking to combat the rise in gambling addiction fueled by the 2021 legalization of online gambling?

The Netherlands plans to increase the minimum gambling age from 18 to 21 and restrict online gambling advertisements to the "strictly necessary", following a surge in gambling addiction. This follows the legalization of online gambling in 2021, which led to a 450,000 increase in online gamblers and a rise in problem gambling.

forbes.com

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Dec 31, 22:08

Surge in Individual Investor Options Trading Fuels Financial Losses

Increased individual investor options trading, fueled by easily accessible platforms and dopamine-driven reward mechanisms, is causing significant financial losses for a subset of investors exhibiting gambling-like behavior, mirroring the general population's addiction rate.

Surge in Individual Investor Options Trading Fuels Financial Losses

Increased individual investor options trading, fueled by easily accessible platforms and dopamine-driven reward mechanisms, is causing significant financial losses for a subset of investors exhibiting gambling-like behavior, mirroring the general population's addiction rate.

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What factors contribute to the surge in options trading among individual investors, and how do these factors interact to create systemic risk?

The rise in options trading among individual investors is fueled by a combination of factors, including readily available trading platforms, the thrill of speculation, and the neurological effects of dopamine release. This behavior, amplified by features on trading platforms designed to trigger dopamine-based reward centers, can exacerbate existing gambling addictions, resulting in severe financial consequences. The overlap between speculative options trading and gambling addiction highlights the systemic risk involved.

theguardian.com

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Dec 26, 10:07

Surge in Gambling Addiction Cases Overwhelms NHS in England

NHS England reports a near doubling of gambling addiction clinics in the last year due to a surge in demand, with referrals almost tripling to over 2,200 in 2023/24, fueled by intense advertising around Boxing Day sporting events.

Surge in Gambling Addiction Cases Overwhelms NHS in England

NHS England reports a near doubling of gambling addiction clinics in the last year due to a surge in demand, with referrals almost tripling to over 2,200 in 2023/24, fueled by intense advertising around Boxing Day sporting events.

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What is the extent of the increase in gambling addiction cases in England, and what factors are contributing to this rise?

The NHS in England has nearly doubled the number of specialist clinics for gambling addiction, from eight to fifteen, in the past year, reflecting a sharp increase in demand. This surge highlights the growing problem of gambling-related harm, exacerbated by the intense advertising surrounding Boxing Day sporting events.

smh.com.au

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Feb 17, 13:10

Record \$3.53 Billion Queensland Poker Machine Revenue Raises Concerns

Queensland poker machines generated a record \$3.53 billion in 2024, a 46% increase since 2019, with concerns raised about the impact on low-income communities and calls for stronger regulation.

Record \$3.53 Billion Queensland Poker Machine Revenue Raises Concerns

Queensland poker machines generated a record \$3.53 billion in 2024, a 46% increase since 2019, with concerns raised about the impact on low-income communities and calls for stronger regulation.

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What are the immediate financial impacts of Queensland's \$3.53 billion poker machine revenue in 2024, and what is the significance of this figure compared to previous years?

In 2024, Queensland poker machines generated \$3.53 billion, a 46% increase since 2019. This equates to an average daily revenue of \$9.7 million, raising concerns about the financial strain on communities, especially low-income households.

theguardian.com

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Feb 13, 13:10

Gambling Regulator Fines Merkur Slots £95,450 for Exploiting Vulnerable Patient

Merkur Slots UK was fined £95,450 after staff allowed a vulnerable cancer patient, Wendy Hughes, to lose nearly £2,000 in their Stockport branch over 16 hours in November 2023, failing to intervene despite numerous warning signs, highlighting insufficient social responsibility measures.

Gambling Regulator Fines Merkur Slots £95,450 for Exploiting Vulnerable Patient

Merkur Slots UK was fined £95,450 after staff allowed a vulnerable cancer patient, Wendy Hughes, to lose nearly £2,000 in their Stockport branch over 16 hours in November 2023, failing to intervene despite numerous warning signs, highlighting insufficient social responsibility measures.

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What immediate actions are needed to prevent similar exploitation of vulnerable gamblers in adult gaming centers?

Merkur Slots UK, a high street slot machine operator, was fined £95,450 by the Gambling Commission for social responsibility failures after a vulnerable cancer patient lost nearly £2,000 in their Stockport branch. Staff knew the patient was repeatedly withdrawing cash to continue gambling but failed to intervene, highlighting systemic issues within the company and the wider gambling industry.

theguardian.com

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Dec 26, 19:10

University of Sydney's Gambling Investments Raise Ethical Concerns

The University of Sydney's investments in gambling companies, including Aristocrat and Entain, between 2021 and early 2024, and the companies' funding of university research, raise ethical concerns about potential conflicts of interest, mirroring past controversies with the tobacco industry.

University of Sydney's Gambling Investments Raise Ethical Concerns

The University of Sydney's investments in gambling companies, including Aristocrat and Entain, between 2021 and early 2024, and the companies' funding of university research, raise ethical concerns about potential conflicts of interest, mirroring past controversies with the tobacco industry.

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What are the immediate implications of the University of Sydney's financial investments in major gambling companies, considering their funding of university research?

The University of Sydney held shares in Aristocrat and Entain, major gambling companies, between 2021 and early 2024, and also invested in other gambling-related firms. These companies funded university research centers and initiatives, raising concerns about potential conflicts of interest. The university maintains it has strict investment rules and policies to manage such conflicts.

nos.nl

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Dec 16, 07:09

Legalized Online Gambling in Netherlands Fuels Addiction Surge Among Young Adults

The legalization of online gambling in the Netherlands in 2021 led to a 340% increase in young adult accounts and a subsequent rise in gambling addiction, with one clinic reporting an increase from 17 to 83 young adult patients treated for online gambling addiction between 2022 and 2023.

Legalized Online Gambling in Netherlands Fuels Addiction Surge Among Young Adults

The legalization of online gambling in the Netherlands in 2021 led to a 340% increase in young adult accounts and a subsequent rise in gambling addiction, with one clinic reporting an increase from 17 to 83 young adult patients treated for online gambling addiction between 2022 and 2023.

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What is the immediate impact of the 2021 legalization of online gambling in the Netherlands on young adults?

Elias, a 28-year-old man, spent five years struggling with gambling addiction, losing €100,000. His addiction began at 18 and intensified after the 2021 legalization of online gambling in the Netherlands, which saw a 340% increase in young adult accounts.

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