Authorized sports betting grew to become out there in five states and Washington, D.C., in 2020 – bringing the whole number of sports betting states to 21 – at the same time as the Covid-19 pandemic sparked a sharp rise in online gambling of all forms as casinos closed and Individuals hunkered down in their properties. Sports betting surged after a 2018 Supreme Courtroom choice paved the best way for its legalization in states past Nevada. He had been throwing away cash on sports activities betting for years, but the Covid-19 pandemic brought it to a new stage. At many online casinos, a player’s first deposit makes them eligible for bonus cash matching a certain percentage of the deposit.

Regardless of the proliferation of online gambling, in which giant sums of money may be misplaced with just a few clicks on a smartphone, federal and state governments nonetheless commit few sources to track and treating individuals with gambling problems, experts say. Even after finally coming clean to his wife and promising to quit, he continued to guess, growing his losses to about $200,000. He was a new dad with a loving spouse and an excessive-paying job at a Fortune 500 firm. “I’m so ashamed of myself,” said the man, who requested anonymity out of concern his story could cost him his job. Chasing his losses, he took out four high-interest loans.

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