Online Gambling is the act of wagering or playing games of chance or skill for money. It is usually done via a computer, tablet or mobile phone with an internet connection. It is regulated by state laws, and compliance risks are a big issue for operators. These include advertising standards, ensuring promotions are truthful and not misleading, and paying due taxes.
In addition, there are a number of online gambling-related problems that are similar to other addictions, such as financial strain (due to chasing losses or hoping for a big win), emotional stress, social isolation and decline in work or academic performance, health issues and relationship conflicts. In fact, the American Psychiatric Association now includes gambling disorder in its list of mental health disorders, alongside alcohol and drug addictions.
Gambling addiction can be difficult to overcome, but there are a variety of treatment options that can help. These treatments include counseling, such as Cognitive Behavioral Therapy, support groups and medication. Many online casinos offer self-exclusion options, allowing players to block access for a period of time, such as days, weeks or months.
Young people are being exposed to online gambling behaviours through features of popular games such as loot boxes and skin betting, and it’s important that adults talk to them about the risks. This short video from Myleene Klass discusses how we can help them stay safe and informed. In particular, she highlights the importance of changing passwords regularly and of carefully reading a site’s terms and conditions before making a deposit.