Experts warn surge in online sports betting is drawing teens into gambling
Summary
Experts are raising concerns about the rapidly growing accessibility of online sports betting, especially among adolescents. The industry is projected to generate US$8.7 billion by 2030, fueled by smartphone apps and aggressive marketing campaigns featuring celebrities like Drake and LeBron James. Studies show a significant increase in young men seeking help for gambling-related problems, with Ontario seeing a 300% rise after privatization. The ease of access and the appeal of 'micro-betting' – wagering on events within a game – contribute to addictive behaviors and 'loss chasing'. Experts like Dr. Jeff Derevensky of McGill University emphasize the need for increased public health awareness, stronger regulations, and readily available treatment for gambling disorders, framing it as a mental health issue.
(Source:Global News)