Why Are Young Adults At Risk Of Problem Gambling?
Problem gambling behavior is a particularly acute problem for young people between the ages of 18 and 24. Let's take a look at why it has become such a big issue for them in particular.
Facts & Stats
According to the Responsible Gambling Council’s research conducted back in 2016, young adults who regularly gamble online are especially susceptible to gambling issues. It is also worth mentioning that a significant number (about 60%) of Ontario residents who are between 18 and 24 years old tend to gamble online once in a while. Around 7% of them have reported gambling issues in the last 12 months, a particularly high figure.
If we take a closer look at this demographic, we can see that young bettors aged 18-20 often tend to spend more money on gambling than they can afford. It's also important to remember that this is a major transitional period, during which a person is passing from teenage to adult life, and just at this moment forms a gambling habit. Statistics show this habit reaches its peak by the age of 24-25.
Intoxicated Gambling And Why It Is Dangerous
Gambling whilst Intoxicated is the act of placing bets when either drunk or high. This is an extremely harmful habit and is much more common among people aged 18-24. This behavior often leaves the gambler unable to analyze risks carefully or make sound decisions. In the long-term, this might lead to spending a lot more money than one can afford while trying to chase losses. Statistics suggest that most problem gamblers tend to have this habit.
How To Spot A Potential Young Problem Gambler?
There are several signs that may indicate that a young person might be running into gambling issues.
Gambling & Gaming
It is also necessary to mention that online gambling and gaming are pretty similar nowadays. Both are easily accessible and require elements of luck and skill. Moreover, modern gambling platforms often implement “gamling-like” elements (loot boxes, paid skins and other types of possible in-game purchases) in their projects. Some governments even consider such mechanics as a form of gambling.
No matter which platform you choose, both online gambling and gaming require a responsible approach. Set your financial and time limits and never exceed them, use the responsible gambling tools, and keep your experience nothing but fun. Remember: gambling and gaming are great hobbies, but you should never try to earn your living in this way.