April 23rd, 2024
The Boston Globe recently published an article featuring Jay Zagorsky, Clinical Associate Professor of Markets, Public Policy and Law, discussing the sports betting industry’s drastic growth.
Since the legalization of sports betting in Massachusetts and 37 other states, gambling has become normalized, especially among men in their twenties. Advertisements targeting these young men entice them to continue wagering by offering risk-free promotional offers, which has triggered the rise of problem gambling.
Zagorsky suggests that players no longer be allowed to fund their betting accounts instantly over Venmo and other online payment services as one strategy to help address sports betting issues.
It’s crucial to experiment with approaches proven effective elsewhere to mitigate the harm caused by unchecked gambling expansion.
