High Stakes, Higher Costs: The Toll of Sports Betting

Sports betting is now legal in 39 states — including Arkansas, where people wager more than a million dollars a day, on average.
Sports betting often relies on mobile gambling, which is closely associated with problem gambling. Experts now warn that gambling addiction has surged in the wake of sports betting’s legalization.
Below are a few of the ways sports betting — and the gambling problems tied to it — takes a toll on individuals, families, and communities.
The Financial Toll
Sports betting and internet gambling are connected to serious financial problems — including deep debt, missed bills, and bankruptcy.
Mobile sports betting makes it possible for people to place bets during sporting events from practically anywhere. The average sports betting addict using mobile apps accumulates nearly $28,000 in gambling-related debt before seeking help.
These financial strains affect more than just individuals. They hurt families and communities as a whole.
The Mental and Emotional Toll
Sports betting is linked to anxiety, depression, and other mental health problems — especially among teens and young adults. Twenty-year-old males account for approximately 40% of calls to gambling addiction hotlines.
One in four sports bettors worry that they cannot control their gambling.
Research also shows that individuals with gambling disorders experience impaired decision-making and impulsivity — all of which contribute to poor mental health.
The Toll on Athletic Programs
Sports betting undermines the integrity of sports. The NCAA has wrestled with gambling scandals since sports betting’s legalization. Major League Baseball, the NFL, the NBA, and other sports leagues have as well.
The Toll on Families
All of this takes a toll on families.
Sports betting and problem gambling place serious strains on families and have been linked to increased risk of divorce and domestic violence.
Conclusion
Legalized gambling has become a blight in Arkansas. Tax revenue from casinos and sports betting has not improved Arkansas’ roads or boosted the economy. And unless Arkansas’ lawmakers and its people take a stand, gambling addiction is simply going to continue wrecking lives and hurting families in our state.
Articles appearing on this website are written with the aid of Family Council’s researchers and writers.