Gambling can be described as risking money, or a different item of value, in an event where there is an unknown rate of success or failure to the person, and where there is a possibility of gaining an increased return.
Traditional forms of gambling include betting on outcomes, playing slot machines, imaging in casino games such as blackjack and poker and participating in lotteries. More recently, online gambling has exploded into the market, with little barrier to entry for people of all ages, economic and serostatus, as well as geographical location. Now traditional forms of gambling are very prevalent in both physical and online venues.
Furthermore, as videogames have become increasingly popular and monetizable, companies have sought to monetise their games further with the instruction of loot boxes, prize creates and gacha game mechanics which work much the same as traditional forms of gambling. Companies have been able to take advantage of limited regulation of gambling within the gaming industry. This has actually led to the creation of a new genre, known as gacha games where the mechanics of the game are centred around gambling, in the form of “pulling” items such as characters and weapons.
The legal status of gambling varies between countries, although many jurisdictions have now legalized gambling. As it is available online, it is accessible almost anywhere, at any time, even in places where gambling is prohibited
Prevalence of gambling:
Gambling has recently exploded with the legalization of gambling in the United States of America, as well as the increased revenue derived from gambling in videogames. As is seen time and time again, money talks, and where profits can be made, companies will look to capitalise as much as possible.
We are also increasingly seeing the ages of those gambling becoming steadily younger, with many kids being exposed to gambling advertising, as well as platforms making gambling extremely easy for them to partake in. In addition, economic hardships, and advertising through paid sponsorships, partnerships and a materialistic culture have also further led to a perfect landscape for gambling to thrive.
The World Health Organisation has estimated that approximately 1.2% of the world’s adult population has a gambling disorder. This is an incredibly high statistic, which does not even consider children, who would likely further contribute to this statistic. With the prevalence of gambling in our modern society, we are seeing increased adverse consequences of gambling addiction, and spending money that one cannot afford to lose. As a result, suicide rates.
Treatment:
As gambling becomes prevalent in our society, the need for treatment increases as well. Cognitive Bevahoural Therapy is one such treatment aimed at addressing the thoughts and behaviours which facilitate destructive gambling habits, as well as relapse.
Moreover, peer support groups such as Gamblers Anonymous are utilised to put people with similar experiences together and to give their account in order to provide a platform for support through shared experience. There are also facilities centred around helping people overcome their addictions, in a controlled environment.
With how destructive a gambling addiction can be to the individual as well as those around them, seeking treatment is fundamental to overcoming their addiction, lowering the chances of relapse and getting back on track to a productive and happy life.