Casinos and gambling are not an old concept. Many of us have been to a casino at least once in our lives, whether it be for a concert, restaurant, shopping, or to try our luck at the slots or a game table.
In recent years, a new form of gambling has entered the arena - sports betting and online casinos. Sports betting, or placing wagers on the outcome of a sports event, has gained popularity since the Supreme Court removed the ban of sports betting in 2018. Since then, more than 30 states have followed suit, and sports betting is now more accessible than ever.
Many firms that offer sports betting also give users the opportunity to enter a virtual, online casino, where games like roulette, slots, and black jack can be played right on your cell phone. Gambling can now be done anywhere, anytime.
And just like all new technology, the popularity of online sports betting and casinos has skyrocketed; “Casinos and mobile gaming apps rang up a record $54.93 billion in revenue during the first 11 months of 2022, a 13.5 percent increase against the same period the previous year, says the American Gaming Association.”
With more accessibility and higher usage comes an increased risk for users to develop gambling disorders. Technology has also made it extremely easy for a new demographic to join the game– high school and college students.
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