The alarming truth about online gambling and it...
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The alarming truth about online gambling and its effects on young men. #gambling #debt #addiction

1:04 Jun 08, 2025 205,300 14,500
@profgalloway
257 words
We are literally going to spit out millions of young men who are craving and ready and teed up to be addicts. There is some new data coming out showing that when states legalize gambling, bankruptcies go up somewhere between 20 and 35 percent. Gambling addiction actually has the highest suicide rate because if you were addicted to meth, we would know it and we would try and do something about it. But if you got in over your head and online gambling and you felt like there was no way out, nobody knows it. And that's why it has the highest suicide rate of all the addictions. And Richard Reeves, the president of the American Institute for Boys and Men, just came out with a study showing that the incremental deaths of despair among young men has gone up so dramatically since 2004. We've lost an incremental 400,000 men, which is how many men we lost in World War II. And I think it's just going to get worse. And I know this is a terrible prediction, but unfortunately, gaming stocks are going to surge. These private equity companies rolling up rehab clinics are going to see a huge increase. Nova Nordisk and GLP-1 drugs are going to boom because they're going to start using GLP-1 to try and treat gambling addictions. And I worry that we're raising especially a generation of boys who seem to be more prone to addiction, who are just going to slipstream right into different types of drug and gambling addictions.

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