Americans are on a collision course to lose more than $1 trillion to govt-sanctioned gambling over the next 8 years.” Meanwhile, 20% of Americans have zero or negative net wealth: https://www.marketwatch.com/story/one-in-five-american-households-have-zero-or-negative-wealth-2017-11-11?fbclid=IwAR3qRu6e9n3IKKtGXjgKDC65t7sZ0dwcBd41p2ekDgXinwvg26B4OejZ9z8  

Americans are expected to lose $118 billion of their personal wealth to government-sanctioned gambling in 2018. Many of these citizens suffered life-changing financial losses. https://www.stoppredatorygambling.org/take-a-break-from-ga…/

Some lottery players around Virginia are racking up massive winnings. Are others being cheated? Take the biggest winner in Hampton, for example. He has cashed roughly 140 lottery tickets worth at least $600 each, adding up to more than $400,000 in winnings, according to state lottery claims data. He also has happened to win most often – 23 times, according to state records – at a Newport News store he owns. https://pilotonline.com/news/government/virginia/article_f11334a2-9bd5-11e8-a357-537ba38422c5.html  

The UK embraced online gambling in 2005 – here’s a glimpse of the devastation online gambling will have here in the US.  A report recently released in the UK shows that there is an urgent need for action. The online gambling industry is an industry that makes more than half of its profits from those at risk and problem gamblers and is itself addicted to addiction – needing to generate more addiction to generate more profits. https://www.respublica.org.uk/our-work/publications/online-gambling-addicted-to-addiction/  

‘Improvements in monitoring and enforcement’ “Parts of the legislation I will be proposing are improvements in monitoring and enforcement that will benefit all stakeholders, sportsbooks, regulators, governing bodies and consumers,” Hatch said. https://www.legalsportsreport.com/23265/hatch-sports-betting-bill-in-congress/  

FanDuel Group wasted little time taking advantage of the market created by the Supreme Court’s decision to legalize sports betting. https://www.bizjournals.com/newyork/news/2018/08/28/fanduel-group-is-quick-out-of-gates-on-gambling.html

“Paddock’s liquid wealth declined before the shooting. Authorities analyzed Paddock’s finances and determined that he lost nearly 75 percent of his wealth in two years. In September 2015, his bank accounts totaled over $2 million, according to the report. By contrast, that amount dropped to just over $500,000 in September 2017. More than $600,000 was paid to casinos, $170,000 was paid to credit card companies and $95,000 went to gun-related purchases, the report said. Lombardo told reporters today that Paddock’s...

The NCAA announced it will create a working group of “subject matter experts” to assess areas such as officiating, NCAA rules, federal and state laws, and the use of integrity services. NCAA leadership has already called for federal regulation on sports betting. NCAA rules prohibit sports wagering by athletes and athletic department employees. https://www.ksl.com/?sid=46363687

4 reasons NOT to buy a $522 million Mega Millions ticket Lottery jackpots are overwhelming played by low-income Americans, studies show. In fact, the lottery jackpot only becomes “progressive” — meaning that high earners spend more on tickets than more than low earners — when the jackpot is at least $806 million or more, according to this study by Emily Oster, currently a professor of economics at Brown University. https://www.marketwatch.com/story/is-this-1-billion-scratch-card-game-a-new-high-or-low-for-us-lotteries-2017-05-12?mod=newsviewer_click

The New York Times wrote a must-read story about the topic of sports data and how it will be essential to any modern government-sanctioned sports gambling gambling scheme. https://www.nytimes.com/2018/07/02/sports/sports-betting.html