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Marketplace Tech
How teenagers can get hooked on sports betting (rerun)
Dec 25, 2024
Yanely Espinal, host of Marketplace’s Financially Inclined podcast and expert on personal finance and gambling, dives into the troubling rise of sports betting among teenagers. She discusses how online gambling has surged since a 2018 Supreme Court decision, with aggressive advertising targeting young users. Espinal highlights manipulative tactics used by gambling apps, the psychological dangers of gamification, and personal stories of addiction. She advocates for mental health approaches and effective resources to tackle the issue, emphasizing open communication.
12:23
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Quick takeaways
- The rapid legalization and marketing of online sports betting, particularly on college campuses, has significantly increased gambling participation among teenagers.
- Gambling apps utilize manipulative design techniques that exploit psychological vulnerabilities, contributing to the addictive nature of online betting for young users.
Deep dives
The Rise of Online Gambling Among Youth
The increasing prevalence of online gambling is a concerning trend, particularly among young people, highlighted by a Supreme Court decision in 2018 that legalized sports betting in numerous states. Legalized gambling is now present in 30 states, with rampant advertising visible on college campuses and through social media, where three out of four college students reportedly engaged in gambling last year. These gambling platforms are aggressively targeting youth, using strategies designed to attract new users, such as enticing promotions and 'free bets.' This aggressive marketing exacerbates the risks associated with gambling addiction, especially for teenagers who may be more susceptible to manipulation and undue influence.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode