Calder Casino

2019’s Most Gambling-Addicted States (Kentucky Derby Inforgraphic)

Which state has the most gambling addicted citizens? If you said Nevada, you’d be right. But which state is 50th?

With Americans losing over $100 billion through gambling each year and the Kentucky Derby soon to kick off, the personal-finance website WalletHub today released its report on 2019’s Most Gambling-Addicted States, along with its Kentucky Derby Facts & History infographic.

In order to call out the states where gambling addiction is most prevalent, WalletHub compared the 50 states across 20 key metrics. The data set ranges from presence of illegal gambling operations to lottery sales per capita to share of adults with gambling disorders.

Gambling Addiction in Florida (1=Most Addicted, 25=Avg.):
  • 35th – Casinos per Capita
  • 35th – Gaming Machines per Capita
  • 15th – Lottery Sales per Capita
  • 47th – % of Adults with Gambling Disorders
  • 24th – Gambling-Related Arrests per Capita
  • 37th – Legality of Daily Fantasy Sports
  • 37th – Legality of Sports Gambling

Gambling exists in every state, even Hawaii and Utah, where gambling is prohibited by law. But not all gamblers are the same. “Recreational” or “social” gamblers, for instance, buy the occasional lottery ticket, take the rare casino trip or bet small stakes in fantasy sports. But they also are mentally able to quit at any point and prevent catastrophic financial loss.

But when the business or pleasure gets out of control, gambling becomes a real medical condition. Gambling disorder, as it’s known, affects about 1-3 percent of all U.S. adults. According to the Mayo Clinic, “Gambling can stimulate the brain’s reward system much like drugs such as alcohol can, leading to addiction.”

That addiction can lead to serious economic consequences. For example, U.S. consumers experience over $100 billion per year in total gambling losses. Individually, a male gambling addict accumulates an average debt of between $55,000 and $90,000 whereas a female averages $15,000. Most cannot afford to pay back what they owe. As a result, gambling addicts develop a high tendency to amass even more debt, suffer from other health issues, lose their jobs, strain their relationships or even commit crimes.

The gambling problem, however, is much bigger in some states than in others. WalletHub therefore compared the 50 states to determine where excessive gambling is most prevalent. Our data set of 20 key metrics ranges from presence of illegal gambling operations to lottery sales per capita to share of adults with gambling disorders. Read on for our findings, insight from a panel of researchers and a full description of our methodology.

5 Kentucky Derby Facts for 2019:

  • $225.7 Million – Total amount wagered on the 2018 Kentucky Derby.
  • $500 to $1,000 – Price of a high-end Kentucky Derby hat (90% of female spectators wear hats).
  • 120K – Number of Mint Juleps served over Kentucky Derby weekend, requiring 1K pounds of fresh mint and 60K pounds of ice.
  • 522,000 – Number of cans of beer that will be consumed. 142,000 hot dogs will be eaten.
  • $1.1 Billion – Worldwide sales of thoroughbred horses in 2018.

With the Kentucky Derby approaching and gamblers preparing to bet on their favorite horses, WalletHub also released its 2019 Kentucky Derby infographic.



Source: WalletHub

WalletHub News Release posted on FloridasBestBets

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe

Calder Casino
 
 
Calder Casino
Join Our Newsletter
Sign up to receive news right to your inbox every day