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The Intersection Between Social Media and Gambling is Growing, but Controversial
Social media influencers are steadily becoming more prevalent in casino gaming. The best recent example of this trend is a slot machine called Pop’N Pays More featuring the likeness of YouTube personality Brian Christopher at the Plaza, the Palms and M Resort in Las Vegas. While Pop’N Pays More has immediately become a big draw, […]
Economist Says Some People Gamble Because They Can’t Borrow Or Save
Why do people gamble? Some people do it more than others, but it exists across all cultures. The reason for it can be tough to pin down, both psychologically and economically. As World Bank economist Sylvan Herskowitz puts it: The broad and persistent popularity of gambles with negative expected returns has presented a long-standing puzzle for […]
Lottery Winners Offered Free Financial Planning in Connecticut
Connecticut lottery winners may be the first in the nation to be offered free financial planning assistance, but Rob Simmelkjaer hopes they won’t be the last. He believes private online gambling operators, like DraftKings and Mohegan Sun Casino, may even want to consider adding the option, he tells Bonus.com today. Simmelkjaer, the board chairman of […]
Gambling Problem Hotlines Aren’t Online Casino Tech Support
Gambling problem hotlines are short on staff and money. So when online horse racing bettors dialed 1-800-GAMBLER recently with customer service complaints rather than gambling addiction issues, it would’ve been logical for call-takers to be irritated. Instead, operators were glad to hear from TVG Network gamblers who’d mistakenly phoned the hotline, says Keith S. Whyte, […]
Could Quick-and-Gentle Self-Exclusion Be the Way Forward for Responsible Gambling?
A stitch in time saves nine. An ounce of prevention is worth a pound of cure. English, like many languages, is full of aphorisms about the comparative efficiency of early intervention. When it comes to current practices around responsible gambling, however, a different phrase springs to mind: Shutting the stable door after the horse has […]
US Problem Gambling Help App Downloads Rise, Users Report Less Use of Illegal Sites
Earlier this week, problem gambling self-help app Gambless released its H1 2022 update. It claims to be the #1 search result for “gambling addiction” and related searches in most countries on Google Play. Searches by Bonus confirmed this to be the case in the US and Canada. Searches on iOS devices turned up Gambless in the #5 […]
Is Cryptocurrency Speculation Just Another Form of Unregulated Gambling?
Whether or not you’re an investor yourself, you’re probably aware by now that cryptocurrencies have crashed in 2022. As of the morning of July 28, 2022, Bitcoin is selling for $23,115. Eight months ago, it was at an all-time high, north of $68,000. Ethereum has fallen from over $4,800 to around $1,600 in a similar […]