Wager Mage
Photo: cottonbro studio
White men are 72% more likely to develop a gambling addiction than 54% of Black males. These men also tend to be in the lowest income bracket and between the ages of 30 to 44. Additionally, white people with problem gambling are more likely than other groups to have an alcohol use disorder or nicotine dependence.
Well, mathematically speaking, there is no difference whether or not you are playing one slot or moving around the casino. Due to the fact that...
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Claiming gambling losses Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the...
Read More »Gambling addictions can become a serious problem for many people, leading to financial issues and creating distance and tension with family members. Studies have shown that gambling addictions and race are related, with certain ethnicities being more affected and prone to developing an addiction. Several factors, such as mental health or family situations, can mean various ethnic groups are more likely to gamble in times of hardship. Understanding that problem gambling and race are interconnected can allow you to take the steps necessary to prevent an addiction from forming or take action to get your or a loved one’s life back on track. Gambling is common in almost every culture, especially social gambling with friends and family. While some individuals can gamble without any issues, others develop a disorder that can lead them down a path with potential health and well-being consequences. Gambling addiction does not affect all races equally. Several studies have shown that problem gambling is more prevalent among certain races and ethnic groups. Specifically, Hispanic, Asian and Black people may be at a higher risk of developing a gambling addiction and its consequences. Tense relationships with loved ones and financial problems are significant effects of problem gambling. Understanding the relationship between gambling addiction and ethnicity can help identify the causes of these addictions, prevent them in the future and develop a targeted treatment for recovery.
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