The World Health Organization (WHO) has recently made a startling prediction: by 2028, the United States could see online gambling losses exceed $1 trillion.This projection has significant implications for public health, the economy, and Online Betting regulatory frameworks. Let's delve into the various aspects of this prediction, exploring the factors contributing to these losses, the potential impacts, and the measures that could be taken to mitigate them.
The Rise of Online Gambling
Online gambling has seen exponential growth over the past decade. The convenience of gambling from home, coupled with the proliferation of smartphones and internet access, has made it easier than ever for people to participate in online betting. In the U.S., the legalization of online sports betting and casino games in several states has further fueled this growth. As of 2024, seven states permit real money online casinos, including Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia.Additionally, online sports betting is legal in more than 30 states.Factors Contributing to Gambling Losses
Several factors contribute to the projected $1 trillion in losses:- Increased Accessibility: The ease of access to online gambling platforms means that more people can gamble more frequently.