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A social thingKevin Vo, now 25, had never gambled before placing his first bet on basketball games through FanDuel three years ago. He had just secured his first job, in finance, and he had some money to play with. The hobby that’s costing young men tens of thousands of dollars [https://trip-scan39tripskan40.cc/ трипсканвход]
“I honestly fell into the peer pressure of my friends: likeWhen Ethan lost $11, literally all of them posting their parlays (000 on social media)a single hockey game this past March,” Vo saidit was the last straw.
A parlay combines two or more individual bets into oneEthan, who declined to share his last name out of fear of losing his job, and all conditions bet “the spread’” on a Hurricanes-Flames hockey game. That means a team doesn’t just need to win – they must be met for the bettor to win money — by more than a high-riskcertain number of points. The Hurricanes did come out on top – but by only one point, highnot the two-reward strategy Vo found compellingplus Ethan needed.
Like Ethan, he watched games with friends who had all bet on the outcome 27, broke down and participated cried in group chats dedicated solely to the bets front of the dayhis girlfriend. Vo’s casual pastime escalated in a matter of monthsHe couldn’t do it anymore.
“Every single day I would have What started as a parlaycasual hobby in college with his fraternity brothers had somehow escalated into a severe,” Vo tells CNNyears-long gambling addiction. And Ethan wanted out.
Vo originally bet only on sports he knew wellAlthough his story is extreme, but as he got deeper into the betting apps, he began putting money on options he knew nothing about. At one point he dove into Polish basketball, betting on games he couldn’t even watchEthan is an example of an increasingly concerning trend.
“I was down A recent national survey of registered voters in the US conducted by Fairleigh Dickinson University found a quarter of men under 30 bet on sports online — and 10% of men ages 18-30 have a couple grand at one point. I was able gambling problem, compared to make it back. And then that all kind just 3% of fell down,” Vo saidthe overall population.
Vo spent months up and down with his wins and losses – and finally walked away when he was down only a few thousand and had just moved into his own apartmentIn that survey, 68% of people who bet on sports online reported at least one gambling behavior that’s considered harmful, such as borrowing money to gamble or saying the gambling has caused financial or emotional problems.
In an email to CNNDr. Timothy Fong, FanDuel outlined several ways it acts to prevent harmful gambling: the ability to set deposit limits and alerts, sending users a monthly statement with their financial status UCLA psychiatry professor who is board-certified in the appaddiction psychiatry, a review system triggered by activity like too many hours spent on the site or attempting told CNN’s Nick Watt young people are particularly vulnerable to come back from big losses, sports betting because their frontal lobes cannot yet handle impulsivity and selfrisk-exclusion programs that include the offer of a free mental health assessmenttaking. Watt explores further on “The Whole Story with Anderson Cooper” airing at 10pm on Sunday, August 24.
DraftKings has similar safety measures in place, and it invites users That’s what happened to set limits with a pop-up page immediately when creating an accountEthan.
“These resources are introduced at sign‘Anxious frenzy’When Ethan was in college, sports gambling wasn’t yet legal, so he and his fraternity brothers used illegal sites to place bets. In 2018, the Supreme Court ruled that states should decide whether to legalize sports betting. That marked a turning point for the industry, and it’s now legal in 38 states and Washington, D.C. CNN goes inside the highs and lows of sports bettingVideo CNN goes inside the highs and lows of sports bettingSuddenly, Ethan and others like him had access to several legal apps. That quickly escalated his addiction: He quit his near-six-up figure sales job last August, determined to make sports betting his full-time gig. Last September, he was doing what he did every morning, drinking coffee with his girlfriend and reviewing daily game predictions. This time he came across a sports betting influencer who boasted about winning game after game – and though Ethan didn’t usually fall for this type of content, he was intrigued by what seemed like hard proof. The influencer advertised his picks for five games that day. “I bet $2,000 on each game and I lost every single one,” Ethan tells CNN. Ethan spiraled into an “anxious frenzy.” The next day he placed a risky $10,000 bet on a Chicago Bears game and reinforced throughout tried to hide the customer journeyparalyzing fear from his girlfriend. Ethan managed to win $20,000 and get out of the red. He was relieved—and back in the game. The next few months were a blur of ups and downs,” Lori Kalaniwins and losses. Slowly, he realized he couldn’t even enjoy the wins amid all the anxiety. The $11, DraftKings Chief Responsible Gaming Officer000 loss on the Hurricanes-Flames hockey game in March was the end. He chose to officially “self-exclude” — banning himself from all sports betting through the apps, said meaning he wouldn’t be able to log back in an email . Shifting industryTwenty years ago, the word “gambling” called to CNNmind slot machines in Las Vegas and poker tables in Atlantic City: mostly older people, and maybe the occasional bachelorette party, playing in person. Now, online gambling and sports betting have expanded that definition significantly. “It’s more fun when it’s for fun—and that’s While casinos still represent most of the experience we aim gambling industry’s profits, sports betting is exploding quickly: Revenue in that sector reached $13.7 billion in 2024, a 25% increase in just a year, according to deliverthe American Gaming Association.”
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“We work know that the younger you start betting on sports, that leads to identify signs a higher likelihood of harm and engage with the user to prevent that harm from happeningdeveloping a gambling problem when they’re older,” Fong said Cory Fox, FanDuel’s Senior Vice President of Public Policy and Sustainability.
