College Campuses Have Become a Front Line in America's Sports-Betting Boom

Since the Supreme Court struck down the federal prohibition on sports betting in 2018, 39 states have legalized the activity, and college campuses have emerged as ground zero for what appears to be a generational gambling problem among young men. A 2023 NCAA survey found that 60% of college students have gambled on sports, and 16% of 18-to-22-year-olds engage in what the organization classifies as problematic gambling. A Siena University poll from January found that 28% of men aged 18-to-34 who use sports-betting apps have had trouble meeting a financial obligation because of a lost bet.

Timothy Fong, a psychiatry professor at UCLA, says every one of his recent clients has been an 18-to-24-year-old man seeking help for a sports-betting or cryptocurrency addiction. John Simonian, a personal-bankruptcy lawyer in Rhode Island, says he never used to see young men filing for bankruptcy -- now it's common. On November 7th, the NCAA announced it had uncovered three separate betting scandals in men's basketball where athletes intentionally played poorly in games on which they or a friend had placed wagers.

Read more of this story at Slashdot.