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A record-breaking quarter of American adults are set to bet some $15.5 billion on this year's March Madness college basketball contest — the latest sign of a fast-growing market that's fuelling a tripling of addiction rates.<br><br>The American Gaming Association (AGA), an industry body, says 68 million adults are expected to place bets this year, a sharp rise on the 45 million people who wagered $3.1 billion on last year's extravaganza.<br><br>The AGA says ever more Americans are enjoying legal sports betting markets that have been rolled out across 33 states and Washington, DC, since a Supreme Court decision in 2018. Three more markets are set to launch soon.<br><br>Many of them are first-time bettors, says the group. Of those using the mobile apps or websites run by such firms as FanDuel and DraftKings that have taken America by storm, three quarters will be newbies.<br><br>States have pocketed some $2.6 billion in new gambling tax revenues since the law changed, but critics warn of rising addiction rates and a flood of bankruptcies, broken homes and even suicides down the road.<br><br><br><br><br><br>The American Gaming Association says ever more Americans are enjoying legal sports betting markets that have been rolled out across 33 states and Washington, DC, since a Supreme Court decision in 2018. <br><br><br><br><br><br>The annual March Madness college basketball contest is known for its passionate devotees and the large number of bets placed. Pictured: Logan Landers of the Grand Canyon Antelopes celebrates his team's win over the Southern Utah Thunderbirds in Las Vegas on March 11<br><br>'The US Supreme Court has turned America into one big [https://flashroyal.net casino],' Jim Martin, a former regent of Colorado University, said in a warning about the NCAA Tournament betting frenzy in The Denver Post.<br><br>'We are in the middle of the largest and fastest expansion of legal gambling in the nation's history, which is quite possibly, as some say, the next opioid crisis.'<br><br>Michigan's gambling control board this month launched a 'Don't Regret the Bet' campaign to urge residents to keep their gambling under control during March Madness, the country's biggest annual betting event.<br><br>Recovered gambling addicts and researchers warn that sports betting firms often target college students as they lure new users to cell phone betting apps that then hook them on roulette, [https://flashroyal.net slots],  [https://flashroyal.net online casino] and other compulsive games.<br><br>They spoke of a multibillion-dollar industry using data scientists to attract users with an array of well-timed freebies and rewards that sees them enter credit card numbers and start blowing hundreds of dollars in minutes.<br><br><br><br><br><br>Poll<br><br>Should states tighten the rules on gambling companies?<br><br>Yes <br><br>No <br><br>Not sure <br><br>Should states tighten the rules on gambling companies?<br><br><br>Yes 191 votes<br><br>No 47 votes<br><br>Not sure 10 votes<br><br>Now share your opinion<br><br><br> <br><br> <br><br> <br><br><br><br><br><br>One researcher warned of a 'time bomb' of gambling misery that will detonate in the not-too-distant future, even as lawmakers look the other way, loosen restrictions further and collect the windfall tax revenues.<br><br>A Supreme Court decision in 2018 opened the door to legalizing the billions of dollars that Americans wagered illegally on professional and amateur sports each year — often through illicit bookies or offshore gambling houses.<br><br>Since the Professional and Amateur Sports Protection Act was struck down, 36 states and Washington DC have legalized sports betting, typically for adults aged 21 and over, says the AGA, an industry body.<br><br>Even so, Americans still bet more than $510 billion on the black market each year, denying states tax revenues, the AGA says.<br><br>A Washington Post-University of Maryland poll showed that two-thirds of Americans supported legal sports betting last year — up from 55 percent in 2017, before the Supreme Court decision. <br><br><br><br><br><br><br><br><br>Since the Professional and Amateur Sports Protection Act was struck down, 36 states and Washington DC have legalized sports betting, typically for adults aged 21 and over<br><br><br><br><br><br><br>Gamblers line up to place bets on the NCAA men's college basketball tournament at the Borgata [https://flashroyal.net casino] in Atlantic City, New Jersey<br><br>Now, folks in states with legalized sports betting can try their luck with Caesars, WynnBET, BetRivers, DraftKings and other big sportsbooks that advertise prominently at games,  [https://getb8.us casino games] on television and — controversially — on college campuses.
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Revisión actual del 22:50 26 nov 2023

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Malaysian group Genting is a serious contender that could displace an incumbent Macau operator for a new licence, prompting the industry's most significant potential shakeup in more than two decades, as industry leaders suggest.

Michigan's gambling control board this month introduced a 'Don't Regret the Bet' campaign to urge residents to keep their gambling under control during March Madness, the country's biggest annual betting event.

An alarming study conducted by New Jersey's attorney general found that 6 percent of people surveyed in the state are problem gamblers and up to 20 percent of citizens exhibit signs of problematic play.

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The National Council on Problem Gambling's helpline has seen its traffic increase by 21 percent when compared to last year, receiving more than 30,000 calls and texts in March, as reported by the Financial Times.

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Still, poker machines - known as pokies - are so ingrained that experts do not expect online betting to become

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