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Online Gambling Negative Effects

4/14/2022
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Online gambling in Kenya is a mammoth industry. A laxity of Legislators and regulators to come up with laws to control the modern forms of online gambling has paved way for tremendous growth in the gambling firms in Kenya. Most of which are owned by foreigners.

The top online betting companies in Kenya are;

  • Sportpesa.com
  • Mcheza.co.ke
  • BetinKenya
  • Elitebetkenya.com
  • Betway
  • Justbet

Unlike traditional land based sweepstakes, the action at online gambling is perpetual and available to anyone who has access to the Internet. Many online gambling sites in Kenya operate from locations such as Bulgaria, Germany, United Kingdom e.t.c, unsupervised by the Kenyan government regulators.

Long before it looks like a problem, gambling can be causing harm. Harm from gambling isn’t just about losing money. Gambling can affect self-esteem, relationships, physical and mental health, work performance and social life. It can harm not only the person who gambles but also family, friends, workplaces and communities. Lastly, the slow yet seemingly steady transition from land-based casinos to online gambling might also have an effect on how people gamble. For people who enjoy table games such as blackjack and roulette, most land-based casinos will charge a minimum $10 bet to be able to play.

Perhaps the most frightening aspect of online gambling is the rampaging growth of the unregulated industry and the dangers it poses to our economy in the near future.
Analysis of the Negative Impacts of online gambling to the Kenyan Economy
Due to the infancy of the online gambling industry and the secrecy surrounding the operation of this industry, no detailed study has been done on its economic impact. Below is a brief highlight of its impact;
Gambling creates an unproductively society

  • Online gambling is an example of a socially unproductive profit seeking business, because gamblers whose predominant motivation for gambling is to increase their-economic well-being are wasting their time due to the reality that, about 2% of total gamblers manage to make a win.
  • Online Gambling is a rewar-ding to gambling firms like sportpesa but removes resources from productive use and therefore lowers national income. It involves simply transfers of money between individuals, creating no new money or goods. This thus creates no output and absorbs time and resources.

How to Curb Online Gambling in Kenya

second option to limit Internet gambling is through enhanced enforcement mechanisms against credit card providers and money transfer agents. The Internet gambling industry is dependent on transactions from money transfer agents; thus, discouraging transactions will limit Internet gambling

Conclusion

Online Gambling Negative Effects Examples

  • Online Gambling industry yields a negative impact on the Kenyan economy.
  • Internet gambling deprives Nation and county governments of revenues required to maintain their services.
  • Online gambling adversely affects our society in ways that cannot easily be quantified such as addiction, pathological behavior, and family disintegration.

NOTE: This is a summary of a study i am doing about the economic impact of online gambling. The study will be shared here in a short while.

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Gambling can be found everywhere from physical casinos to a multitude of online websites and apps.It is easier than ever to gamble in the privacy of home or on the go with a smart phone. It’s easy to place bets with PayPal, credit cards, bitcoin, or money-transfer apps. All of this ease has led to an increase in gambling addiction across the world.

Gambling does not lead to a physical dependence like opioid drugs or alcohol, but it can destroy relationships, jobs, finances, and dreams.

Problem gambling can become a compulsive behavior and gambling can be emotionally addictive. Addictions to behaviors (as opposed to addictive substances) are known as “process addictions,” and, just like substance addictions, they require supportive treatment. Specialty rehab programs and support groups are available for people who struggle with gambling addiction. If you or someone you love struggles with gambling behavior, you are not alone. One look at the statistics behind gambling addiction reveal that this problem is prevalent… but treatment is available.

What is Gambling Addiction?

Gambling addiction begins once betting and gambling behavior causes distress, becomes habitual, leads to financial stress, disturbs everyday life functioning, or negatively impacts relationships. This condition (also known as compulsive gambling or pathological gambling) often leads people to experience an uncontrollable urge to engage in gambling despite the negative effects it might have in their lives.

Once gambling addiction has begun, the person who can’t stop betting may continue to chase the high of a big win, even if it involves continuous loss, lying, cheating, or even stealing to support the habit of gambling. In severe cases, it almost seems like the addicted person experiences a personality shift, but it is possible for a person to hide a gambling addiction and continue working and participating in everyday life, all while consequences build up behind the scenes.

>>> READ THIS NEXT:How to Address a Loved One’s Substance Abuse Problem

Compulsive Gambling:
United States Gambling Addiction Statistics

The North American Foundation for Gambling Addiction Help reports that approximately 2.6% of the U.S. population has some type of gambling issue. That adds up to nearly 10 million people in the United States who struggle with a gambling habit. This issue adds up to approximately 6 billion dollars each year, which impacts the U.S. economy and citizens.1

Gambling costs American taxpayers. Public funding for problem gambling went up to $73 million in 2016, but despite those costs, gambling remains regulated by each state, and is not federally regulated. Ten states (and the District of Columbia) do not offer any publicly funded gambling assistance. These funding discrepancies mean that public treatment services can vary widely from state-to-state, and the level of care in publicly funded programs also varies greatly.2

The U.S. federal government has largely left gambling regulations up to each state, which means that gambling may be illegal where you live, or it may be advertised on every street corner, as it is in places like Las Vegas, Nevada. The result is a patchwork of awareness campaigns and treatment programs that vary widely in their responsiveness.

States that discourage or prohibit gambling tend to not offer awareness campaigns, and as a result, people who gamble through their phones or computers may be missing information about the dangers of gambling. Awareness of the problem is key to making changes for the better.2

Online Gambling Negative Effects Drugs

Susanne’s Story

“There was only one remedy, according to my brain: change my seat and do it again and again until I became the big winner. I don’t have to tell you that I left the casino frustrated and with zero dollars in my pocket. In chasing [the] money I had lost, I went to the ATM, took another $200 from my bank account and lost that as well, all while chasing that high of winning.

Negative Effects Of Online Gambling

“The regret, shame, and guilt all came to me instantly on the way home. The next day, I was already contemplating going back. I started thinking that I should forget about that unlucky day — I thought, ‘Today, it will be all different.’”

Read Susanne’s blog about process addictions and more at www.HeroesInRecovery.com

How to End Gambling Addiction

Gambling doesn’t only devastate individuals; it is a family issue. Because this particular problem directly impacts family and personal finances, family members who have gambling problems often hide their issue and feel a great deal of shame and secrecy. In severe cases, the problem may go undetected until finances become a major issue. Gambling can destroy relationships, but it is possible to rebuild trust and rebuild finances. No gambling problem has to be permanent. Help is available.

Online Gambling Negative Effects On The Body

Integrated treatment for co-occurring disorders offers specialty treatment for problem gamblers. A co-occurring disorder happens when someone suffers from more than one problem, such as gambling and anxiety, or gambling and depression.

When you seek treatment that aids both concerns at the same time, healing can be more thorough and results will last longer.

Gambling addiction is often progressive in nature, so it is important to seek treatment as quickly as possible. Don’t let shame, embarrassment, or secrecy keep you from joining hundreds of thousands of people who are now living a better life. The only thing you need to get better is a willingness to accept help from others. It’s far better to invest in your long-term happiness and recovery than it is to continue down the financial path of gambling.

Online gambling negative effects drugs

Contact Skywood Recovery today to learn more about your options for a better life. We are here to help and our confidential helpline, 269-280-4673 can offer solutions for a better life.

Sources

1 North American Foundation for Gambling Addiction. Statistics of Gambling Addiction. 2017.

Online Gambling Negative Effects Definition

2 Nevada Council on Problem Gambling. 2016 Survey of Problem Gambling Services in the United States. 2016.

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