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Technology has fueled a sports betting boom and a spike in problem gambling, addiction therapist warns (www.cbsnews.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Technology has fueled a sports betting boom and a spike in problem gambling, addiction therapist warns::There's been a surge of young problem gamblers since sports betting was legalized. An addiction therapist warns AI-powered sports betting has spurred a public health emergency.

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[–] autotldr@lemmings.world 2 points 9 months ago

This is the best summary I could come up with:

Next Sunday on CBS, the Super Bowl will, for the first time, be held in Las Vegas… a fitting venue given the prominent role gambling plays in sports today.

America has recently brought its age-old love of sports betting out of the shadows and onto our phones… and this has created an all-time mismatch, pitting man against machine: gamblers—overwhelmingly young men; versus gambling companies, armed with sophisticated AI, data, and engineering, enticing fans to make snap bets, not just on games, but on every play within games…The early results?

So far, that crisis hasn't happened… but, the last five years have given rise to a surge in young gambling addicts… Joe Ruscillo, now 26, says his problem started in high school… then, in 2022, sports betting apps came to his home state of New York.

Jon Wertheim: I think people who aren't familiar might think of the typical gambling addict as, you know, a middle-aged guy in a windbreaker who's betting his retirement savings.

A decade ago, Levant was a trial lawyer, whose gambling addiction was so fierce he used client money to fuel his habit, leading to his disbarment… in his current career, he's noticed today's desperate gambler looks—and acts—a lot different.

Recently, he paired up with Dick Daynard, a law professor at Northeastern University and architect of the first major lawsuits against the big tobacco companies.

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