Experts warn mobile sports betting could be gateway to gambling crisis for young men in New York
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Banks don’t hold large amounts of cash anymore.
"large" is relative.
Unless you're incredibly thorough about totally cleaning out the vault, ATM, every teller drawer, etc. you're probably not gonna be able to get more than a few 10s of thousands if you're lucky
But even a few thousand, or hell, even a couple hundred could be huge for a lot of people.
That might be rent for a month or a couple of months when they're really struggling, what they need to keep their car from getting repo'd so they can get to their job, pay for some badly needed home repairs, medications, etc.
I'm not struggling, but I'm not exactly doing great either, a couple extra thousand bucks on-hand would be amazing for me, and for some people it could be literally life-changing (even life-saving)
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Oh, just in New York? Whew, I'm safe then.
/s
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Online sports betting through apps on your phone is just yet another example of everything sliding toward degeneracy
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This is tough for me because I'm conflicted. On the whole, I agree this (mobile and just in your face gambling everywhere) is a net negative for society.
I have played fantasy sports for twenty five years, daily fantasy sports for almost eleven years, horse racing betting for ten years, and now sports betting for about two years. They're hobbies I enjoy and have fun spending time on. I've also been fortunate enough to make decent money over the years, not enough to live off of but it's paid for a few vacations and other luxuries with plenty still left in my accounts.
I would dislike not being able to enjoy my hobby and the money that comes with it though. Maybe a better way to handle this would be heavy regulation on advertisements?
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Are these so-called experts supposed to have me believe that gambling apps designed to get people addicted to their gambling app might be a gateway to gambling addiction?
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Online sports betting through apps on your phone is just yet another example of everything sliding toward degeneracy
The amount of political capital it takes to restrict capitalism is huge. We had restrictions on sports betting. Now that they've been removed, billionaires can spend money on lobbyists and continue to exploit people ruining their lives through addiction.
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Sports gambling is just terrible for everyone except the bloodsuckers that run it. Sports teams don't want it because it incentivizes cheating / rigging games. Personal bankruptcy and domestic abuse skyrocket when people lose money they can't afford to lose. Now the apps feed an unstable addiction literally all day long.
Thanks to the Supreme Court for pulling a bullshit ruling out of their collective asses in 2018 that makes everything worse for average Americans.
Shit, I don't even gamble and I'm just sick of their logos and ads all over every thing when I watch a game. Used to be they had "Gambling Prohibited" up around the stadium, now they may as well own the teams.
I agree with most of what you're saying, but I don't think gambling should be illegal. That's the tough thing.
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There's also the issue of volume, more betting volume could mean more opportunity for corruption. I don't have numbers but i'm guessing there is a lot more betting now that it's legal, with ads and sponsorships constantly in your face, and easily accessible with phone apps and sportsbooks. But i have not seen any officially expressed concern about that aspect from any league representatives, only spin that it's better legalized and regulated.
The overall point is that sports leagues definitely do want sports betting. more engagement, ad sales, endorsements, and they can even get in on the action directly by ownership or investments.
"regulated" doing a lot of heavy lifting
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So gambling is a gateway to gambling? Brilliant analysis there, healthbeat.org
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Australian millennial checking in, when I was young 'nobody' my age made bets on sports, like maybe 5% of the population. Gambling ads were heavily regulated as were gaming organizations.
The gambling ads for tipping and online betting and gambling apps have ramped up and online gambling was allowed to flourish with relaxed regulations. Taking us to the current state of affairs where they are unavoidable, and gambling companies are major sponsors of all our sports events.
The current youth now have a huge problem with gambling.
‘A massive public health problem’: Australian children as young as 10 are hooked on gambling
Exclusive: A Guardian Australia investigation has found an increase in the number of young people seeking help for problem gambling, with calls for urgent action
the Guardian (www.theguardian.com)
Push back hard if you can on mobile gambling in your neck of the woods, because once the government gets addicted to the revenue and the 'corporate events' they are very disinterested in reeling it back.
Australian xiellenial here, 12 years ago I taught at tafe and I reckon about half the class was on gambling apps. I was shocked as none of my peers use them AFAIK.
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Online sports betting through apps on your phone is just yet another example of everything sliding toward degeneracy
'Degeneracy' is just a dogwhistle
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So gambling is a gateway to gambling? Brilliant analysis there, healthbeat.org
Same energy
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I agree with most of what you're saying, but I don't think gambling should be illegal. That's the tough thing.
If you make it illegal, they'll just run back to a tax haven like so many are already doing, but at least people will be less likely to find them. If you tax them to hell, they'll also run to a tax haven and do money laundering+tax evasion. Gambling companies are lose-lose-win for people-govts-themselves.
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Australian millennial checking in, when I was young 'nobody' my age made bets on sports, like maybe 5% of the population. Gambling ads were heavily regulated as were gaming organizations.
The gambling ads for tipping and online betting and gambling apps have ramped up and online gambling was allowed to flourish with relaxed regulations. Taking us to the current state of affairs where they are unavoidable, and gambling companies are major sponsors of all our sports events.
The current youth now have a huge problem with gambling.
‘A massive public health problem’: Australian children as young as 10 are hooked on gambling
Exclusive: A Guardian Australia investigation has found an increase in the number of young people seeking help for problem gambling, with calls for urgent action
the Guardian (www.theguardian.com)
Push back hard if you can on mobile gambling in your neck of the woods, because once the government gets addicted to the revenue and the 'corporate events' they are very disinterested in reeling it back.
Brazilian under a similar situation. Gambling and casinos are illegal within the entire country, but in 2018 online gambling/casinos were allowed to run ads everywhere. Every other week there'd be a new betting site throwing ads on every TV channel and tiktok/instagram influencer. Some regulation started showing up last year, people on Bolsa Familia (govt money for people in extreme poverty) were dumping that money straight into the gambling sites, but it's too little, too late. A significant portion of the political right is now being
bribedlobbied to legalize casinos again, "It'z gun generert jerbs and tworism!!!!" -
This type of gambling lose money. If you want the thrill of risking something, rob a bank. Either you win big, or your suffering immediately ends
️/kidding
'Round my parts, robbers just target the armoured trucks that move money to ATMs.
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'Degeneracy' is just a dogwhistle
What am I dogwhistling? A dogshit, decrepit capitalist society designed to exploit poor people?
