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ryan cooper
@ryanlcooper.com
Managing editor at The American Prospect, cohost and producer of the Left Anchor podcast www.patreon.com/leftanchor Newsletter: www.ryanlcooper.com/
23.2k followers965 following11.6k posts
RCryanlcooper.com

"Looking specifically at online sports gambling, they find that legalization increases the risk that a household goes bankrupt by 25 to 30 percent, and increases debt delinquency." www.theatlantic.com/ideas/archiv...

Legalizing Sports Gambling Was a Huge Mistake
Legalizing Sports Gambling Was a Huge Mistake

The evidence is convincing: The betting industry is ruining lives.

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Ssniffit.bsky.social

And the symbolism should be lost on nobody: trying to find your way out of such an addiction is as hard as trying to find your way to the exit in a casino. Even Ikea could take some pointers from them.

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I think you are looking at this the wrong way Think of how much more effective that money becomes as an economic driver when taken out of the hands of people that would use it to go bankrupt betting on sports vs in the hands of people capable of building and funding gambling websites!🤪

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Ccatladie.bsky.social

The celebrity endorsers need to stop.

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Ggrhoda.bsky.social

gambling disorder has the highest suicide rates of any addiction; people are losing more than money

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RCryanlcooper.com

jesusjesus

The industry may claim to want to prevent problem gambling, but its profits largely come from the compulsions of people with a problem. A small number of people place the large majority of bets—about 5 percent of bettors spent 70 percent of the money in New Jersey in late 2020 and early 2021, for example. The costs of gambling concentrate among those least able to pay, setting back those who most need help. That dollar that could have gone to buying a home, getting a degree, or escaping debt instead goes to another wager. Such behavior is irresponsible, but it’s hard to blame bettors alone when companies make their profits by pushing them to bet more.
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JOjodami.bsky.social

I think the problem the US has is that it went from incredibly tightly controlled gambling to a free for all. We have had legalised betting on every high street since 1960, and while there are always going to be issues, they seem much less than yours I guess with the internet, choices were limited

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JFtft.io

It's shockingly bad.

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Czas.bsky.social

📌

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KHkatnissharris.bsky.social

This is the sign you were waiting for: YOU ARE ADDICTED! STOP GAMBLING!

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GAekogaia.bsky.social

Legal gambling is a crime.

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ryan cooper
@ryanlcooper.com
Managing editor at The American Prospect, cohost and producer of the Left Anchor podcast www.patreon.com/leftanchor Newsletter: www.ryanlcooper.com/
23.2k followers965 following11.6k posts