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A new survey from U.S. News is sounding the alarm over Americans increasingly turning to high-risk endeavors, including sports betting, to help make ends meet and pay their monthly household bills.
U.S. News surveyed 1,200 Americans who placed a sports wager within the last 12 months. The media organization found that more than half of respondents (51%) placed a sports bet to help pay household bills, while 21% wagered specifically to cover their rent or mortgage payment.
Almost six in 10 (57%) of the sports betting demographic said they bet weekly, with 17% betting on a daily basis. Nearly one in five (19%) said they have outstanding sports betting debts.
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The appeals court did not rule that Baldwin or Bridge Capital owes Laos the money. Instead, it said the lower court must hear Laos’ argument that they should be responsible for awards made against the companies they allegedly controlled.
That sends the sprawling Savan Vegas dispute back to court once again, 14 years after it began.
Laos attorney David Branson told Law360 the government has been trying to collect the awards for more than seven years and said the latest ruling had cleared a “path to recovery.”
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Kesitilwe told iGB an important theme of the event was fostering year-round collaboration and turning conversations on safer gambling into practical measures.
“The initiative demonstrates that cooperation does not have to remain at the level of conference and policy discussion,” he said.
“It has to translate into practical action, educating players, engaging communities, protecting young people and highlighting the dangers of illegal and unlicensed gambling.”
