The dangers of online gambling
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 September 2024
⏱️ 18 minutes
🧾️ Download transcript
Summary
Just because online gambling is now legal and endorsed by sports teams doesn’t mean it’s safe. Journalist Danny Funt gets into it with host Yanely Espinal.
Think you’re financially inclined? Dig deeper into the risks of online gambling:
- Just how common is gambling these days?
- A story of overcoming gambling addiction
- If you or someone you know needs help with a gambling problem, call the National Problem Gambling Helpline
Are you in an educational setting? Here’s a handy listening guide.
Thanks for listening to this episode of “Financially Inclined”! We’d love to hear what you learned from it or any questions you’d like us to answer in a future episode. You can shoot us an email at financiallyinclined@marketplace.org or tell us using this online form.
This podcast is presented in partnership with Greenlight: the money app for teens — with investing. For a limited time, our listeners can earn $10 when they sign up today for a Greenlight account.
Transcript
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| 0:00.0 | Hey Parents and Teens, Financially Inclined is presented in partnership with Green Light, |
| 0:04.4 | the debit card and money app for teens. |
| 0:07.1 | We're tackling an important topic today, online gambling, and discussing where you might find it and how it doesn't always look like what you'd expect. |
| 0:16.1 | One way to avoid the pitfalls of gambling is to build great financial habits early. |
| 0:21.0 | With green light, teens can learn to earn, save, spend wisely, and invest. |
| 0:25.0 | Get $10 when you sign up for Green Light today at Greenlight.com slash inclined. |
| 0:29.2 | That's Green Light.com slash Inclin'E. dot com slash I NCL I NED. What's up everybody? I'm Janelli Espinal and welcome to Financially |
| 0:57.8 | inclined for Marketplace. We're sharing money lessons for living life your own way. |
| 1:03.4 | Today's episode is all about online gambling. |
| 1:08.2 | You should know that gambling is actually illegal |
| 1:11.1 | for anyone under 18, and in many states under 21 years old. |
| 1:15.9 | So why are we talking about this? Well you might be surprised to learn that it still affects |
| 1:21.6 | a lot of teenagers. |
| 1:23.0 | And it might seem like this is all fun and games, |
| 1:26.0 | but you've got to understand that the odds are always rigged against you. |
| 1:30.0 | In the long run, almost nobody actually makes a profit when they gamble. |
| 1:35.0 | My guest, Danny Funt, is a journalist who has reported a lot on the rise of sports betting in the United States. |
| 1:42.0 | He is here to teach us more about online |
| 1:44.0 | gambling how it can be manipulative and how to recognize the signs of |
| 1:48.9 | gambling addiction. So let's get into it. |
| 1:59.6 | So tell us what got you interested in writing about online gambling. So I've always been a huge sports fan and I just felt like I grew up with the assumption that sports betting was |
| 2:06.7 | this horrible vice that would never be legalized in the US |
... |
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