socialcost

Legal Gambling Boom Masking a Public Health Crisis

Legalized gambling may be booming, but it's creating a worrying public health spiral. The Harvard policy commission warns that globally, gamblers could lose over $700 billion by 2028, with devastating social effects including addiction and family breakdown.

In the U.S., sports-betting legalization has driven a dangerous “doom loop”, where addiction, debt, and societal harm mount as regulations lag behind industry growth. Meanwhile, states across India and Karnataka are recording alarming real-world fallout—including 32 suicides linked to online gaming in just 31 months.

The model functions like a discretionary tax on the financially vulnerable. With vicious cycles of chasing losses, the societal burden far outweighs the financial benefits touted by legal gambling expansion.

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Should governments treat legalized gambling like tobacco—regulated, taxed, but heavily restricted? Let’s discuss.