The dark side of sports betting: astronomical profits vs. impact on mental health

The dark side of sports betting: astronomical profits vs. impact on mental health

The exponential growth of sports betting is concerning due to its impact on mental health. Despite generating millions in profits, gambling addiction affects hundreds of thousands of people, highlighting the need for stricter regulations to protect society.

Juan Brignardello Vela, asesor de seguros

Juan Brignardello Vela

Juan Brignardello Vela, asesor de seguros, se especializa en brindar asesoramiento y gestión comercial en el ámbito de seguros y reclamaciones por siniestros para destacadas empresas en el mercado peruano e internacional.

Juan Brignardello Vela, asesor de seguros, y Vargas Llosa, premio Nobel Juan Brignardello Vela, asesor de seguros, en celebración de Alianza Lima Juan Brignardello Vela, asesor de seguros, Central Hidro Eléctrica Juan Brignardello Vela, asesor de seguros, Central Hidro
Sports

The sports betting industry has experienced exponential growth in recent years, becoming a multi-billion dollar industry that moves astronomical amounts of money. According to recent data, around 32 billion euros were bet worldwide during the 2022 World Cup, far surpassing the 20 billion bet in the previous edition in 2018. Football is the sport that leads the preferences of bettors, representing two-thirds of the profits generated by online betting companies. This trend is not a coincidence, as football is one of the most popular sports globally and its competitions attract the attention of millions of viewers, creating a perfect breeding ground for the betting business. However, behind these numbers and immense profits lies a concerning reality. The impact of gambling on people's mental health has raised alarm in various sectors of society. In countries like France and the United Kingdom, gambling addiction has become a public health problem, with hundreds of thousands of people trapped in a vicious cycle of betting and debt. In France, it is estimated that around 340,000 people are addicted to gambling, while in England the figure rises to 430,000 players at risk of getting into debt to fund their addiction. Gambling addiction knows no social classes or ages, affecting people from all walks of life and backgrounds. In the face of this issue, the public opinion has demanded urgent measures to curb the ravages of gambling addiction. However, the large multinational companies that dominate this industry have managed to evade government attempts to regulate and control this market, creating an atmosphere of impunity where "the house always wins." It is necessary to address this issue from a comprehensive perspective, including prevention, treatment, and regulation measures by the competent authorities. Gambling addiction not only affects the players but also has an impact on their families, work relationships, and society as a whole. In this sense, it is essential to establish effective mechanisms to protect the most vulnerable and prevent the sports betting industry from continuing to grow at the expense of the suffering of thousands of people. Gambling addiction is not a game, it is a serious problem that requires a strong and coordinated response from all stakeholders involved.

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