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An associate recently racked up $300k in losses from sports betting. They are obviously struggling greatly now.

Has anyone else heard horror stories since sports betting became legal?





I'd read somewhere that there is a measurable increase in foreclosures and divorces correlated with the legalization of online sports betting.

I've seen one personally, recovering gambling addict who constantly falls off the wagon

I don't dig into the details and obviously everyone is diffrent but I imagine not being able to avoid the constant bombardment when trying to quit isn't a good thing


“How a Psychiatrist Lost $400,000 on Gambling Apps”

https://www.wsj.com/podcasts/the-journal/how-a-psychiatrist-...

Most was lost at DraftKings’ casino apps though, not their sports betting.


> Has anyone else heard horror stories since sports betting became legal?

I worked in the industry over a decade ago and it was nasty already. Know a few people who managed to gamble away entire inheritances.

When (not if) stuff like Polymarket gets legal in Germany, it will get even worse.


I live near a school and a teacher told me a lot teenagers gamble during the recess. At least one boy that tried to commit suicide after his family discovered he had lost a lot of their money.



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