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Along with it has come a movement to fight the risk of problem gambling. That movement includes not only the organizations you would expect but some you may not. The NFL, for example, has poured $6 million into the National Council on Problem Gambling (NCPG) ¡ª the group¡¯s biggest donation ever. Some states have delegated funds as well ¡ª $3 million in Michigan¡¯s 2023 budget, for example. And the operators themselves ¡ª DraftKings, FanDuel and the like ¡ª have devoted roles and resources to helping those in need.
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But the slope can be a slippery one. While merely .6 percent of American adults would be classified as problem gamblers, according to a 2008 study in the journal Psychological Medicine, that number skyrockets to between six and nine percent for college-aged- people, according to a 2010 Journal of American College Health report. Successful gamblers win only about 53 to 54 percent of the time, according to Sean Brace, program director and host for The Gambler, Philly¡¯s Fox Sports radio station. It¡¯s a statistic that many gamblers ¡ª especially brash young bettors ¡ª don¡¯t believe. So they bet. And bet. The opportunities are endless, and the potential for that next wager is always just a swipe and a click away. The sea change in sports fandom is fortified by technology, social media, data, and, most importantly, young people¡¯s primary connection to the world: cell phones.
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Bally¡¯s casino is set to temporarily occupy the historic Medinah Temple, 600 N. Wabash Ave., before moving to its permanent riverfront location on Chicago Avenue and Halsted Street. The gambling company won the city¡¯s approval of a new site in River West in May.