Annabelle Stephenson
The gambling industry in the United States has seen an extraordinary rise, resulting in a significant increase in revenue. Shockingly, the American Gaming Association reports that gambling revenue surged from $53 billion in 2021 to an astonishing $99 billion the following year. This exponential growth can mostly be attributed to the introduction of sports betting and online gambling in over 30 states.
New Jersey, a pioneering state in this field, achieved a record-breaking $5.8 billion in gambling revenue. This remarkable figure represents an 11% increase from the previous year. However, it is important to acknowledge the negative consequences of this gambling frenzy. Studies carried out by the Center for Gambling Studies at Rutgers University reveal a shocking truth – 6% of New Jersey residents struggle with a gambling disorder, triple the national average. Even more concerning, 15% of the state’s population faces a less severe gambling problem, almost three times higher than the national rate.
The repercussions of excessive gambling go well beyond financial distress. Research shows that the more individuals engage in gambling, especially sports betting and online gambling, the more susceptible they become to mental health issues. Depression, anxiety, and even suicidal thoughts afflict those deeply involved in gambling activities. Astonishingly, a staggering 17% of individuals seeking treatment for gambling addiction have attempted suicide.
Despite the growing evidence of these harmful effects, governments have failed to adequately address the alarming rise in gambling addiction and associated mental health concerns. While self-exclusion programs have been implemented in New Jersey, allowing individuals to voluntarily exclude themselves from gambling establishments, it is crucial to recognize that addicts lack the ability to resist their irresistible cravings.
Legislators in New Jersey have considered several bills aimed at mitigating the detrimental impacts of gambling addiction. These include programs for compulsive gambling prevention among underage individuals and a pilot program for a Gambling Treatment Diversion Court. Unfortunately, none of these bills have successfully passed.
However, hope is not lost at the federal level. The proposed Gambling Addiction Recovery, Investment, and Treatment (GRIT) Act offers a potential solution. This act suggests allocating a portion of the federal sports excise tax revenue to fund prevention, treatment, and research programs for gambling addiction. This promising federal initiative has the potential to address the issue on a larger scale.
To effectively combat the hidden dangers of the gambling boom, both state and federal governments must acknowledge their role in promoting this industry while prioritizing the well-being of their citizens. It is crucial that a significant portion of the revenue generated from gambling is allocated towards prevention, treatment, and education programs. Additionally, comprehensive research must be conducted to fully comprehend the extent of the impact of gambling losses on individuals, families, communities, and the nation as a whole. Only by taking proactive measures can we protect the vulnerable population and preserve the overall welfare of society.
