Consequences of Gambling
Negative Consequences
- Gambling has serious effects on health of the gambler this includes:
- Financial stress
- This can be caused from a high wager and losing
- Losing a smaller wager and attempting to win back money
- Relationship breakdown
- Caused by financial problems
- Family violence
- Mental illness
- Suicide
Treatment
- However if one has fell down the rabbit hole, some solutions may be possible
- The most effective is long-term cognitive behavioural therapy
- Motivational interviewing, pharmacological interventions or support groups have a lower success rate than therapy
- These, although are the most common types of treatment to this
- However, the treatment for gambling disorder has a low uptake rate of only 0.14% of the population actively seeing formal treatment
- This is caused by stigma/shame
Challenges
- The gambling industry is profitable and will not be going away any time soon
- In 2023, it was reported to be worth $540 billion
- Countries revenue from gambling (legal (Reported in 2023)):