opinionliberal
Betting Blowback: Why Gambling on Sports Isn't All Fun and Games
USATuesday, December 31, 2024
So, what do we get in return for all this harm? Some tax revenue and lots of ads. Doesn't seem like a fair trade-off. Studies show that gambling addiction is linked to serious harms, like suicide. Gambling legalization has also led to financial problems for many, with increases in overdrafts and credit card maxing out.
Young men and those in poverty are the most affected. They're the ones losing the most money and facing the biggest risks. And with betting apps on our phones, it's easier than ever to get hooked. These apps can track our habits and make us offers to bet more.
The promised benefits of legal sports betting, like tax revenue, haven't been as big as hoped. And the issue of offshore gambling sites hasn't gone away. Plus, the liberty argument isn't that strong. We weren't living in a dictatorship before 2018. It's not like betting between friends was illegal.
So, is sports gambling really worth it? Maybe it's time to rethink this trend.
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