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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

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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PGprofitgreenly.bsky.social

This is why I quit poker. I had enjoyed winning money from rich trust fund kids in college, but in Atlantic City I found the true player base was addicts whose lives had been ruined by gambling. I couldn't keep playing in good conscious.

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DKdavekartunen.bsky.social

Even more concentrated than alcohol, which is shocking in its own right.

0
TAri.oldfolkshome.org

Not really surprising. Look at drinking. Top 5-10% of drinkers do most of the drinking. I bet this is true of <name your drug> as wellz

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RC
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