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The hobby that’s costing young men tens ‘Plastered in your face’FanDuel, too, told CNN it views sports betting as a form of thousands of dollars [https://tripskan40entertainment.cc/ трипскан вход]
When Ethan lost $11,000 “We want our customers to think of their time and budgets on our platform the same way they might think about going to see a single hockey game this past Marchmovie, it was the last straw” said Fox at FanDuel. [https://tripskan39.cc/ tripscan top]
EthanBut at least some bettors try to leverage it into income — like Colby Aaron Wells, now 33, who declined to share his last name out of fear of losing his job, bet “the spread’” on began sports betting in Tennessee nearly a Hurricanes-Flames hockey game. That means a team doesn’t just need decade ago to win – they must win by more than a certain number of pointsmake extra money. (The Hurricanes did come out state legalized certain daily fantasy sports contests on top – but by only one point, not the two-plus Ethan neededapps in 2016.)
EthanHe said he was “working his butt off” at a landscaping job at the time, 27, broke down and cried in front of his girlfriend. He couldn’t do it anymorehe thought he could make a little extra money to pay the bills.
What started as a casual hobby in college with his fraternity brothers had somehow escalated into a severeIn Wells’ years of app betting, including after sports betting was legalized more widely, years-long gambling addictionthere were months when he did win thousands of dollars. And Ethan wanted outTwice, the app company BetMGM even comped him free rooms in Las Vegas for betting so much.
Although his story is extremeBut there were also many losses. Wells says he could have bought and paid off a house in Tennessee with the amount of money he lost, Ethan is an example of an increasingly concerning trendand he has since quit playing altogether. BetMGM declined CNN’s request for comment.
A recent national survey All three young men interviewed for this story believed they had a competitive edge because of registered voters in the US conducted by Fairleigh Dickinson University found a quarter their knowledge of men under 30 bet on different sports online — and 10% of men ages 18-30 have , viewing it differently from a gambling problem, compared to just 3% of the overall populationslot machine or lottery ticket.
In that surveyAnd though they’ve stopped gambling, 68% of people who bet on they say the incessant advertising for sports online reported at least one gambling behavior that’s considered harmfulbetting is difficult to avoid. They see promotions like “bet $5 and get $150, such as borrowing money ” and they know just how easy it is to gamble or saying the gambling has caused financial or emotional problemsget sucked in.
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 “The amount of advertisements and risk-taking. Watt explores further on “The Whole Story with Anderson Cooper” airing at 10pm on Sunday, August 24. “We know that the younger commercials you start betting on sports, that leads to a higher likelihood of developing a gambling problem when they’re oldersee everywhere,” Fong said. That’s what happened to Ethan. ‘Anxious frenzy’When Ethan was in college, sports gambling wasn’t yet legalVo, 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 “it’s literally plastered 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-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 frenzyyour face.” The next day he placed a risky $10,000 bet on a Chicago Bears game and tried to hide the paralyzing 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, wins and losses. Slowly, he realized he couldn’t even enjoy the wins amid all the anxiety. The $11,000 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, meaning he wouldn’t be able to log back in. Shifting industryTwenty years ago, the word “gambling” called to mind 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. While casinos still represent most of the 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 the American Gaming Association.
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