Daily Archives: June 15, 2018

New Jersey Finally Legalizes Sports Betting just in time for World Cup – The Largest Gambling Event of the Year

Casino Watch Focus has reported on New Jersey’s ongoing efforts to legalize sports betting. After 4 years, they have finally passed successful legislation given the Supreme Court’s decision allow what might go down as the largest expansion of gambling in our history. Ironically, New Jersey wasn’t the first state to legalize sports betting, but now that they have, they have their sites on the World Cup. An online source explains:

New Jersey became the third state in the country with a full menu of legal sports betting options on Thursday, as the Monmouth Park Racetrack and the Borgata casino both started taking wagers before noon. Monmouth Park had the honor of taking the first bet at 10:30 am, with the Borgata officially opening their sportsbook a half-hour later. In was [New Jersey Gov. Phil] Murphy who had the honor of placing the first legal sports bet in state history. He actually made two, each for $20: one on Germany to win the World Cup and a longshot bid on the New Jersey Devils to win the Stanley Cup next season.

It’s estimated to be a massive, worldwide betting event and possibly the single largest betting even of the year.

It is not an exaggeration to say that billions of people around the globe will tune in to watch the drama unfold in Russia over the next month. The World Cup is also the biggest gambling event of the year. Billions will be wagered, both legally and illegally. Since the Supreme Court struck down the law restricting sports betting in the U.S. on May 14, 2018, states are lining up to legalize the practice and cash in on extra tax revenue.

Any time gambling events this big come up, the worry for problem gambling and gambling addiction comes up. Below is some information that explains why and how you might help someone with gambling addiction:

Dr Gary Johnson, Consultant Psychiatrist and Medical Director at The Priory Hospital Chelmsford, considers major sporting events a particularly risky time for gamblers:

“The upcoming summer sports events and in particular, the World Cup, will see increased gambling across the board”, he points out. “Much of that will be temporary but for gamblers with a problem, that upturn in gambling may well continue”. Dr Jackson highlights that all aspects of gambling need to be considered in trying to reduce the risk of people becoming addicted.  “From the accessibility of gambling sites to shop advertisements, to awareness campaigns about the risks involved and the availability of resources for those with a problem (or worried they may be developing one) awareness and proactive action is key.”

If you are concerned, Dr Jackson offers this advice to help those with a gambling problem: “Help them by encouraging them to consider the downsides to their addiction”. And to the sufferer themselves, he advises: “Be open about bank accounts, consider handing over credit and debit cards to a trusted family member, manage finances with a family member and consider attending Gamblers Anonymous or seeking other addictions specialist help.”

For more information on the dangers of gambling, please visit CASINO WATCH & CASINO WATCH FOUNDATION