US gambling addiction is ‘out of control’ as betting markets boom, policy expert warns
Summary
Gambling addiction in the US is increasing rapidly, partly due to the growth of online gambling and sports betting. Experts and public health advocates are calling for stronger government rules, similar to those used for alcohol and tobacco, to reduce harm caused by gambling.Key Facts
- Gambling addiction is growing fast in the US, considered a public health crisis by experts.
- Online gambling, sports betting, and prediction markets have expanded quickly, especially after a 2018 Supreme Court decision allowed sports betting in many states.
- Sports betting is now legal in 39 states and Washington DC.
- Prediction markets allow people to bet on various events and are regulated differently, under federal commodities rules instead of state gambling laws.
- Public Health Advocacy Institute (PHAI) is organizing a conference in Boston to discuss regulation and ways to reduce gambling harm.
- Many experts say the product (gambling) is dangerous and should be regulated like addictive products such as alcohol or tobacco.
- An Ipsos poll found about 40% of Americans want the federal government to do more to regulate sports betting.
- Advocates say the US must act soon to prevent further harm caused by currently unregulated gambling products.
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