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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/ tripscan topтрипскан сайт]When Ethan lost $11,000 on a single hockey game this past March, it was the last straw.
“I honestly fell into the peer pressure Ethan, who declined to share his last name out of fear of my friends: likelosing his job, literally all bet “the spread’” on a Hurricanes-Flames hockey game. That means a team doesn’t just need to win – they must win by more than a certain number of them posting their parlays (points. The Hurricanes did come out on social media)top – but by only one point,” Vo saidnot the two-plus Ethan needed.
A parlay combines two or more individual bets into oneEthan, 27, broke down and all conditions must be met for the bettor to win money — a high-risk, high-reward strategy Vo found compellingcried in front of his girlfriend. He couldn’t do it anymore.
Like Ethan, he watched games What started as a casual hobby in college with friends who his fraternity brothers had all bet on the outcome and participated in group chats dedicated solely to the bets of the day. Vo’s casual pastime somehow escalated in into a matter of monthssevere, years-long gambling addiction. And Ethan wanted out.
“Every single day I would have a parlayAlthough his story is extreme,” Vo tells CNNEthan is an example of an increasingly concerning trend.
Vo originally A recent national survey of registered voters in the US conducted by Fairleigh Dickinson University found a quarter of men under 30 bet only on sports he knew wellonline — and 10% of men ages 18-30 have a gambling problem, but as he got deeper into compared to just 3% of 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 watchoverall population.
“I was down a couple grand In that survey, 68% of people who bet on sports online reported at least one point. I was able gambling behavior that’s considered harmful, such as borrowing money to make it back. And then that all kind of fell down,” Vo saidgamble or saying the gambling has caused financial or emotional problems.
Vo spent months up Dr. Timothy Fong, a UCLA psychiatry professor who is board-certified in addiction psychiatry, told CNN’s Nick Watt young people are particularly vulnerable to sports betting because their frontal lobes cannot yet handle impulsivity and down risk-taking. Watt explores further on “The Whole Story with his wins and losses – and finally walked away when he was down only a few thousand and had just moved into his own apartmentAnderson Cooper” airing at 10pm on Sunday, August 24.
In an email to CNN, 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 in “We know that the app, a review system triggered by activity like too many hours spent younger you start betting on the site or attempting to come back from big lossessports, and self-exclusion programs that include the offer leads to a higher likelihood of developing a free mental health assessmentgambling problem when they’re older,” Fong said.
“We work That’s what happened to identify signs of harm and engage with the user to prevent that harm from happening,” said Cory Fox, FanDuel’s Senior Vice President of Public Policy and SustainabilityEthan.
DraftKings has similar safety measures ‘Anxious frenzy’When Ethan was in placecollege, sports gambling wasn’t yet legal, so he and it invites users his fraternity brothers used illegal sites to set limits with a pop-up page immediately when creating an accountplace bets.
“These resources are introduced at signIn 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 reinforced throughout 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 tried to hide the customer journeyparalyzing fear from his girlfriend. Ethan managed to win $20,” Lori Kalani000 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, wins 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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