Gambling Addiction

Gambling is a billion dollar industry. From slot machines to the lottery, it is estimated that over 500 billion dollars is spent worldwide in gambling every year. Occasional gambling is considered fun and enjoyable. But for others, it can become an addiction and take over their lives.

Here are some of the hard facts on gambling:

Gambling is not just about money

Many people who gamble on a regular basis do not have financial issues even though they might lose regularly. It becomes an issue when a person feels the need to gamble compulsively, and this often results in the collapse of relationships, jobs and mental health issues.

Gambling addictions are closely linked to mental health issues

An estimated 40% of gamblers have experienced mood disorders such as anxiety and depression. The emotional rollercoaster of gambling can cause instability in a person’s mental wellbeing.

80% of the civilised world has gambled at some point

There are many different ways to gamble today – slot machines, casino games, online gambling, horse racing, sports and many others. This makes gambling incredibly accessible to the general population.

Gambling addictions are linked to substance abuse

Some studies have found that up to 75% of gamblers have an alcohol addiction, 35% have a drug addiction and over 50% have a smoking addiction. It’s not surprising considering that addictions often share the same emotional triggers.

Being addicted to gambling does not make you weak

Many people who are addicted to gambling are very successful in other areas of their life. Gambling hijacks our neural reward pathways and this gradually creates an addiction. The positive news is that gambling addiction can be overcome with the right treatment.

Men are more likely to be addicted to gambling

According to the latest research, men are over 7 times more likely to become addicted to gambling than women. Many believe this difference has roots in the way gambling is advertised, social factors and gender differences.

Gambling addiction is not a small problem

It is estimated that up to 4 percent of the western population has a gambling problem. This puts the number in the millions. There are far more casual gamblers than those who are compulsive gamblers, so it is possible for many to just enjoy the game, without being addicted.

In summary: 

Gambling addiction can have disastrous consequences on personal, professional and relationship well being. Understanding the costs of gambling can often put us on the right path to regaining control.

Click here for more information on gambling addiction and discover how hypnotherapy can help you regain control.