Teenagers are betting on sports online, even though they live in states where sports betting is either prohibited under the age of 21 or outright illegal.
According to some, it study from the NCAA. A national survey of 18- to 22-year-olds found that 58% of respondents had gambled at least once this year. The NCAA said the statistic was alarming because many states, including Arizona, Iowa, Louisiana and Massachusetts, require gamblers to be at least 21 years old to place bets. Nearly 70% of college students living on campus are bettors. According to the NCAA, just over 40% of sports bettors seeking a college degree have placed bets on their school’s team.
The NCAA conducted research to “better understand what student-athletes are experiencing on campus and among their peers,” and to “help address the potentially disruptive movement of legal sports betting.” It’s the best help,” said Chairman Charlie Baker. statement Wednesday.
In recent years, more states have legalized online sports betting, making hobbies that were once played face-to-face through bookmakers (often illegal with just a nod or a wink) more widely accessible. Became. Last year, Kansas, Maryland, Massachusetts and Ohio legalized sports betting, bringing the nation’s total to 33, plus Washington, D.C., where sports betting is legal, reporting millions in revenue. there is Added tax revenue.
BetMGM, Caesars Sportsbook, DraftKings, FanDuel and WynnBet have emerged as the biggest revenue earners during this ferocious boom. From comedian Patton Oswalt’s hype about same-day parleys to actor Jamie Foxx feuding with NBA legend Kevin Garnett, online sportsbooks have seen some of the most talked-about commercials in recent history. I have aired something. Both companies did not respond to requests for comment on Thursday.
Mr. Baker and the NCAA said there was a “national onslaught of sports betting advertising” and that “advertising is having a tremendous impact on increasing the likelihood of gambling” among teens. The NCAA did not take the view that advertising is contributing to illegal gambling among teenagers. Still, 56% of his survey respondents said they remember seeing an ad encouraging betting recently.
According to NCAA research, the majority of underage gamblers typically bet between $1 and $50 and lose between $10 and $300 per day. According to the NCAA, black bettors have suffered particularly high losses, with some reporting losing more than $500 in a single day. The survey also found that some college students ask classmates who are bookmakers to place bets on their behalf.
The NCAA said it planned another study this fall that would focus on the gambling habits of student-athletes.
Just as sports gambling has reached new heights, underage online gambling seems to be surfacing. According to the Gaming Association of America, Americans bet a record $31.1 billion on sports online and in person in the first quarter of this year. The move brought him $2.8 billion in revenue for industry body Sportsbook, an all-time high. Said.