If you want to gamble for “fun,” that is your business. But it isn’t a very smart endeavor and showing how foolish it is, data shows that Americans as a whole will have lost one TRILLION dollars in gambling loses by 2028.
Unfortunately, governments across the nation have realized just how foolish gamblers are with their money and many have moved to take advantage of that foolishness by easing gambling prohibitions and then taxing the crap out of it all to put more money into the hands of wasteful government officials.
Folks, if you gamble with any frequency — from lottery tickets, to one-arm bandits, to table games, to sports — you are throwing your money away in what is nothing more than a voluntary tax.
A recent report by UPI shows just how much money Americans are lighting on fire voluntarily:
It’s estimated that roughly 16% of adults and 26% of adolescents who use an online gambling platform have a gambling disorder. The commission report added that 9% of adults and 16% of adolescents who use sports betting products, likewise, have a gambling problem.
Now the World Health Organization is saying that its recent estimates project the legal aspects to the online gambling market will hit $700 billion globally on an annual basis as early as 2028.
It added that U.S. consumers and the economy, likewise, are projected to lose at least $1 trillion to the 25-year-old online gambling market by 2028, as well.
That sure is a lot of wasted cash.
The latest cash grab by government is the explosion of sports betting. Betting on sporting events is now legal to varying degrees in 38 states and the District of Columbia. And other states are in the process of joining them.
If you are a gambler, you really are just throwing good money after bad. The house never loses, folks.
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