Vulnerability is high in people with low incomes who have more to gain with a big win, added psychologist Shane Kraus, PhD, director of the Behavioral Addictions Lab at the University of Nevada, Las Vegas. Young people, especially boys and men, are another susceptible group. Up to 5% of adolescents and young adults who gamble develop a disorder. And men outnumber women at a ratio of about 2 to 1 among people with gambling addictions, although there are a growing number of women with the disorder.
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As evidence accumulates, it is important to examine the risks without overreacting before the data are in, said Marc Potenza, PhD, MD, director of Yale University’s Center of Excellence in Gambling Research. When casinos enter a region, he said, the area may experience a transient bump in gambling problems followed by a return to normal. Given how quickly gambling is evolving with digital technologies, only time will tell what their impact will be. “We don’t want to be overly sensationalistic, but we do wish to be proactive in understanding and addressing possible consequences of legalized gambling expansion,” he said.
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It takes time for a gambling problem to develop, and simple steps can interrupt the progression for many people, Kraus said. That might include placing a limit on how much they are going to spend or setting an alarm to remind them how long they have been gambling.
Charles Gillespie, a Charlotte native and co-founder of Gambling.com, spoke to CBJ in a video call interview from his home in Monaco. His co-founder and Providence Day and UNC Chapel Hill classmate, Kevin McCrystle, also previously lived overseas but now resides in Charlotte, home to the company’s North American headquarters.
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Gambling.com remains bullish, citing internal data that show growth of 30% last year without the additional states. North American revenue grew to $60 million from $7 million between 2021 and 2023, according to the company.