According to the US Census Bureau, there are 8 million more millennials than baby boomers. The problem for the gambling industry is, the younger demographic doesn’t like to gamble nearly as much. They intend to change that. Caesars Entertainment is rolling out a new tactic it a bid to corner a market that has mostly eluded live casinos – the gambling millennial.   It’s called The Fan Cave, and it’s pretty much exactly like the “man caves” strewn across thousands...

Fears over children as young as ELEVEN being lured into addiction Experts believe casinos and betting firms are grooming teenage gamers Rank Group has hosted tournaments where players gambled as they took park  More betting firms are sponsoring eSports events, which attract young players Casinos and betting firms have been accused by experts of grooming teenage video gamers as the next generation of gamblers. The Mail on Sunday can reveal that FTSE 250 company Rank Group, which owns Grosvenor Casinos...

John Kindt, professor emeritus of law and economics at the University of Illinois, explains why “a bipartisan Congress needs to act quickly to eliminate the surging specter of 24/7 sports gambling.” https://thehill.com/opinion/healthcare/420263-internet-gambling-addiction-is-a-looming-crisis?fbclid=IwAR10yc98GUfrnVl3DRW7C5j3EXX5k8UN4kaOOAxaf-mV4o19RUAjq6UAW_M

So far, seven states offer legal sports betting: Nevada, New Jersey, Delaware, West Virginia, Mississippi, Pennsylvania and Rhode Island. And although New Mexico has not passed a sports betting law, the Santa Ana Star Casino & Hotel started taking sports bets last month through a tribal gambling compact. https://www.foxsports.com/other/story/states-eye-sports-betting-wrestle-with-regulatory-details-112718

Quadrupling of figure in two years branded ‘generational scandal’ and blamed on TV ads and smartphone apps The UK’s Gambling Commission audit found that more children said they had placed a bet in the past week than drank alcohol, smoked or taken drugs. https://www.theguardian.com/society/2018/nov/21/number-of-problem-gamblers-aged-11-16-rises-to-55000?fbclid=IwAR0exDkoFp2S33B9__Fg4OEwAm7Mk2q7y3eec_UdeP2sDyWyCV_1fk2E0po

In a history-making referendum, an Illinois community that introduced video gambling reversed that policy through a binding ballot question. Voters in Forest Park, Illinois shut down video gambling machines in their community. https://www.msn.com/en-us/news/us/forest-park-votes-to-ban-video-gambling-in-history-making-referendum/ar-BBPrRyZ?fbclid=IwAR0t06xxZkosAR8eqxz4QvHDHyMHM2VkOXf-izYXTiro5K1bbgpEOyFaYfQ    

Esport betting platform gets license for video game gambling: ” In America, skill-based betting will go live in 41 states as part of Unikrn’s product rollout, although a date for the U.S. unveiling hasn’t been made public. Odds betting will not yet be available in the U.S.” https://www.denverpost.com/2018/10/28/unikrn-esports-video-game-gambling/

The New Mexico Lottery Authority is moving ahead with plans for a new game that will be tied to the outcome of sporting events. The lottery board voted unanimously Tuesday in favor of the new game, which could go on sale in four to six months. The Santa Fe New Mexican reports the move is the first by a state government to cash in on a U.S. Supreme Court ruling earlier this year that struck down a federal law that...

So why did prizes skyrocket? Progressive jackpot games and multi-state lotteries such as Mega Millions have their roots in the particular economic and cultural circumstances of the 1980s. As rising inequality fueled a spike in luxurious lifestyles amid an economic downturn, hopeful gamblers, eager to enter the exclusive world of the wealthy, turned to the unprecedented prizes offered by rollover jackpot games. Over time, state lottery commissions have catered to gamblers’ appetite for rising jackpots, offering ever-increasing prizes that promise...

The average American spends $207 annually on tickets. The only trouble with investing that kind of dough in lottery tickets is that the odds are definitely not in your favor. Indeed, you’re 300 times more likely to get struck by lightning in any given year than win a multimillion-dollar jackpot in the Mega Millions or Power Ball contest — no matter how frequently you play.https://www.cbsnews.com/news/buying-lottery-tickets-will-never-make-you-rich/