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Banks don’t hold large amounts of cash anymore.
“large” is relative.
Unless you’re incredibly thorough about totally cleaning out the vault, ATM, every teller drawer, etc. you’re probably not gonna be able to get more than a few 10s of thousands if you’re lucky
But even a few thousand, or hell, even a couple hundred could be huge for a lot of people.
That might be rent for a month or a couple of months when they’re really struggling, what they need to keep their car from getting repo’d so they can get to their job, pay for some badly needed home repairs, medications, etc.
I’m not struggling, but I’m not exactly doing great either, a couple extra thousand bucks on-hand would be amazing for me, and for some people it could be literally life-changing (even life-saving)
Why limited to young men in new york?
That’s like saying that submerging a young man’s head in water for over five minutes could lead to death.
Because the trend was detected via New York’s helpline.
So, we know that’s true in New York, but what about submerging a young man’s head in, say, Washington State? 🧐
This is already a serious problem imo
My counseling practice is geared at queer people so I don’t get a ton of sports gambling types generally but I do get some and the amounts they reveal spending is mind boggling to me. Like 20-30% of income
I have a colleague at a more affluent practice in the city I used to work in that is geared towards “men’s issues” and he sees this far more. We’ve discussed it a few times now. He tends to get more of the bro type
It’s silent too, very often hidden from partners. I increasingly hear about it as a source of stress in relationships too: someone comes in one day and everything was going okay but their shit is blown up because it turns out their brofriend is spending 1800 a week on parlays
Deregulation works!
Sports gambling is just terrible for everyone except the bloodsuckers that run it. Sports teams don’t want it because it incentivizes cheating / rigging games. Personal bankruptcy and domestic abuse skyrocket when people lose money they can’t afford to lose. Now the apps feed an unstable addiction literally all day long.
Thanks to the Supreme Court for pulling a bullshit ruling out of their collective asses in 2018 that makes everything worse for average Americans.
Shit, I don’t even gamble and I’m just sick of their logos and ads all over every thing when I watch a game. Used to be they had “Gambling Prohibited” up around the stadium, now they may as well own the teams.
I agree with most of what you’re saying, but I don’t think gambling should be illegal. That’s the tough thing.
If you make it illegal, they’ll just run back to a tax haven like so many are already doing, but at least people will be less likely to find them. If you tax them to hell, they’ll also run to a tax haven and do money laundering+tax evasion. Gambling companies are lose-lose-win for people-govts-themselves.
Sports teams don’t want it because it incentivizes cheating / rigging games.
this isn’t true generally speaking. In fact the reasoning they give is that gambling has always been there to incentivize cheating/rigging, but at least now it’s out in the open and easier to track.
some individual players or staff may speak out against sports betting, but in the aggregate the players and leagues are happy to take the revenue it generates. Hell lots of team owners have their own gambling right in the stadium, for example ted leonsis in DC, and the owners of the Dallas Mavericks own the Sands casinos and have been lobbying to legalize gambling in Texas. If any parties really took issue with it they could address it in their collective bargaining agreements, but it has never been a contentious issue as far as i know. It makes them money and that’s really all that matters, no one is willing to give that up despite the nuisace it causes.
The difference is that black market gambling is distributed. It means that there are fewer protections for people who engage in it but more people profiting from it.
But legalization just means most of the action is controlled by a handful of corporations, and the government is involved in protecting the flow of money, of which they get a cut.
There’s also the issue of volume, more betting volume could mean more opportunity for corruption. I don’t have numbers but i’m guessing there is a lot more betting now that it’s legal, with ads and sponsorships constantly in your face, and easily accessible with phone apps and sportsbooks. But i have not seen any officially expressed concern about that aspect from any league representatives, only spin that it’s better legalized and regulated.
The overall point is that sports leagues definitely do want sports betting. more engagement, ad sales, endorsements, and they can even get in on the action directly by ownership or investments.
“regulated” doing a lot of heavy lifting
Gambling company owners say, “Nuh-uh.”
Young men are so cooked. When I look at the content thats algorithmically fed to them and compare it to when I was growing up. I actually think they’d be better off watching Isis beheading videos and talking to pedofiles in AOL chatrooms.
Australian millennial checking in, when I was young ‘nobody’ my age made bets on sports, like maybe 5% of the population. Gambling ads were heavily regulated as were gaming organizations.
The gambling ads for tipping and online betting and gambling apps have ramped up and online gambling was allowed to flourish with relaxed regulations. Taking us to the current state of affairs where they are unavoidable, and gambling companies are major sponsors of all our sports events.
The current youth now have a huge problem with gambling.
Push back hard if you can on mobile gambling in your neck of the woods, because once the government gets addicted to the revenue and the ‘corporate events’ they are very disinterested in reeling it back.
Brazilian under a similar situation. Gambling and casinos are illegal within the entire country, but in 2018 online gambling/casinos were allowed to run ads everywhere. Every other week there’d be a new betting site throwing ads on every TV channel and tiktok/instagram influencer. Some regulation started showing up last year, people on Bolsa Familia (govt money for people in extreme poverty) were dumping that money straight into the gambling sites, but it’s too little, too late. A significant portion of the political right is now being
bribedlobbied to legalize casinos again, “It’z gun generert jerbs and tworism!!!”Australian xiellenial here, 12 years ago I taught at tafe and I reckon about half the class was on gambling apps. I was shocked as none of my peers use them AFAIK.
Oh, just in New York? Whew, I’m safe then.
/s
Online sports betting through apps on your phone is just yet another example of everything sliding toward degeneracy
‘Degeneracy’ is just a dogwhistle
What am I dogwhistling? A dogshit, decrepit capitalist society designed to exploit poor people?
The amount of political capital it takes to restrict capitalism is huge. We had restrictions on sports betting. Now that they’ve been removed, billionaires can spend money on lobbyists and continue to exploit people ruining their lives through addiction.
Are these so-called experts supposed to have me believe that gambling apps designed to get people addicted to their gambling app might be a gateway to gambling addiction?
So gambling is a gateway to gambling? Brilliant analysis there, healthbeat.org
Same energy
