Monthly Archives: May 2021

Gambling addiction and the help that is available

by: Andy Mehalshick

EYEWITNESS NEWS (WBRE/WYOU-TV) Its called the hidden addiction because it often times does not garner the attention of other addictions such as alcohol or opioid addiction.

Addiction counseling experts tell the I-Team that gambling addictions are on the rise. They say that many people put off getting help because they didnt realize they had a problem.

If its not caught if its not recognized in some situations we may see things progress and thats really where the problems begin to amplify, said Josh Ercole, executive director council on Compulsive Gambling of PA, Inc.

The nonprofit organization provides counseling services to people who have a gambling addiciton. The group also provides training to the operators of gambling venues, such as casinos, in how to spot a protential problem with a person who is gambling.

You know its something Andy where you have to remember is most cases people arent going to have a problem, said Ercole.

But Ercole tells the I-Team, the number of folks who do have problems are on the rise.

Once things start to progress thats where we start to see people turn to different types of acts in order to fund their gambling Maybe turn to different stories to cover up what they are doing.

Ercole says while casinos are still hotspots, online gambling numbers are increasing.

We saw a shift in age, so, traditionally online gambling is something particpated in higher rates by younger folks and sure enough we saw the highest call volume than weve seen in history really thats the 25-34 range.

Jason Harlen and Stefanie Wolownick are addiciton counselors at Wyoming Valley Alcohol and Drug Services based in Luzerne County. They say the numbers of calls regarding gambling addicitons has grown in recent months for them as well. They say some people may be surpsied by what motivates many people to gamble.

Again Andy, its not about the money. Its about winning; thats what the addiction kinds of clings to its the winning, said Wolownik.

The availability of online gambling that has caused a lot of issues for people. So we are receiving phone calls on a daily basis from individuals looking for help because they have a disorder and they cant stop on their own, said Harlen.

And as with other addictions treatment is available and varies from person to person.

Treatment is a word to describe a word that is used to discuss counseling you know cognitive behavioral therapy is utilized, said Harlen.

Josh Ercole says the gambling industry is required by state law to fund programs that deal with compulsive gambling. The president and general manager of Mohegan Sun Pocono sent a statement to the I-Team which reads in part:

Mohegan Sun Pocono (MSP) strives to understand problem gambling and to help those who do have problems obtain the help they need. MSP partners with the Executive Director of the Council on Compulsive Gambling of Pennsylvania to implement mandatory annual training on compulsive & problem gambling for all team members. MSP also has a self-exclusion program where we work with guests who wish to be barred from gaming activities at our property.

All guests of MSP have access to information brochures at any time, and the number to the problem gambling hotline is included in all gaming-related marketing efforts from MSP. We will continue to stay involved and be very supportive of problem gambling initiatives.

For more information on gambling addiction, visit the website for Council on Compulsive Gaming of PA, Inc.

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I-Team: The hidden addiction - PAHomePage.com

In the United States, the constitution allows each state to regulate commerce, and this power includes all forms of gambling, including poker, sports betting, lotteries, and casino games.

Understanding online gambling in the US can be quite confusing, and legislation is continuously changing.

The sector was overseen by the Wire Act of 1961 for many years. This was a rather outdated law that lawmakers legislated to work together with anti-racketeering laws. The law did not apply to the digital gambling market. Regulated online casino gambling first emerged in 2011 when the Department of Justice (DoJ) passed legislation allowing states to legislate online gambling.

When the US Supreme Courtoverruled the Professional and Amateur Sports Protection Act of 1992 (PASPA) in 2018, the federal ban on sports betting was revoked.

2020 brought with it a few surprises to gambling expansions. Even though Massachusetts was set to allow online gambling, the sportsbook-regulated state failed to get the bill in the November elections.

Virginia managed to get all three bills passed, allowing land-based casinos, sports betting, and online lottery sales. Nebraska finally got the permission to convert racetracks to racinos after 25 years of trying.

Except for Utah and Hawaii, where gambling is banned entirely, it is legal to gamble in 48 states of the US in some form or the other. There are also two states out of the 48 that are not even interested in widening their legal framework to allow land-based or online gambling. These are Idaho and Wisconsin.

Currently, online poker can be played in Delaware, Nevada, New Jersey, Pennsylvania, and Michigan. West Virginias legal framework allows for online poker, but there are currently no operators showing an interest. This is because the state has a small population, and no interstate liquidity sharing is allowed.

Nevada became the first state to legalize online poker in 2013, but other than esports, it has not expanded to other forms of gambling. Since then, the online gambling industry has grown at a snails pace. Pennsylvania, New Jersey, West Virginia, and Delaware followed and were recently joined by Michigan late in January 2021.

The economic difficulties faced by the retail casinos since the start of the pandemic are many, whereas, across the board, online betting has grown considerably.

Retail casinos can be found almost everywhere but are often difficult to reach. There is a good mix of Indian, land-based, boat, and pari-mutuel casinos. Besides being difficult to reach, many people prefer the convenience of online gambling, including poker.

Depending on the online casinos allowed in each state, people also prefer them for their selection of games, and These also dont have closing times, allowing people to play when its convenient. Online casinos also offer free demos to try and run other competitions.

Many states have passed or put bills forward to legalize sports betting. However, legislation across the nation for online games of chance and skill is emerging at a slower pace.

Two states that are potentially the closest to offering online gaming, including poker, are Connecticut and Illinois. They are both set to pass their legislation within 2021, but it could take up to a year for these online casinos to launch.

One of the major driving forces for the rush by some states to get online casino legislation is increasing their revenue losses from land-based casinos and lotteries.

Indiana is one of the states likely to pass online casino legislation in 2021. The state passed sports betting in 2019, including mobile wagering within state lines.

Maryland is another state set to legalize online gambling this year. The state already has overwhelming support for sports betting, as the recent referendum there showed.

During the November 2020 election, Nebraska finally won a 25-year battle for land-based casinos. Legislators are still deciphering the language in the bill because of some grey areas, but online gambling is warmly supported.

There are three proposals on the table in Missouri, and the gambling effort there is set to benefit schools. It remains to be seen if Senator Caleb Rowdens proposal, which relies heavily on mobile access, will win.

New York currently completely ignores online gambling, but despite opposition to online gambling by Governor Andrew Cuomo, two state senators are lobbying for it.

There are quite a few states to watch, but since one can never be sure about how lawmakers will vote, we cant bet on the results.

The senior editor of Legal Scoops, Jacob Maslow, has founded several online newspapers including Daily Forex Report and Conservative Free Press

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The Next 5 US States Most Likely to Legalize Online Poker and Gambling LegalScoops - Legal Scoops

A Latest intelligence report published by AMA Research with title Virtual Reality Gambling Market Outlook to 2025.A detailed study accumulated to offer Latest insights about acute features of the Global Virtual Reality Gambling market. This report provides a detailed overview of key factors in the Virtual Reality Gambling Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.

Definition:Technological innovation has changed the Casino & Gambling business in a number of ways. Initially Online Gambling Market observed fast pace growth. Online Gambling Integrated with Virtual Reality has a Market growth potential yet to be realized to its fullest. With a Headset and a Smartphone, a user can get real-time realistic experience anywhere. Virtual reality casinos now go beyond simplistic pseudo-3D interfaces owing to advancements in virtual reality hardware and software. Players can interact with other players in a realistic casino setting.

Major Players in This Report Include,

888 Holdings (Gibraltar),Entain (Isle of Man),Paddy Power Betfair (Ireland),William Hill (United Kingdom),Kindred Group (Guernsey),Oculus VR (United States),Lucky 31 (Curacao),SlotsMillion (Spain),NetEnt (Sweden)

Free Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/167041-global-virtual-reality-gambling-market

Market Trends:

Market Drivers:

Market Opportunities:

The Global Virtual Reality Gambling Market segments and Market Data Break Down are illuminated below:

by Type (Poker, Lottery, Casino, Sports Betting, Bingo, Others), Category (Real Cash Games, Entertainment), Simulation (Fully-Immersive, Non-Immersive, Semi-Immersive)

Virtual Reality Gambling the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Virtual Reality Gambling Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain. However overall estimates and sizing, various tables and graphs presented in the study gives and impression how big is the impact of COVID.

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Geographically World Virtual Reality Gambling markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Virtual Reality Gambling markets will drive growth in the North American market over the next few years.

In the last section of the report, the companies responsible for increasing the sales in the Virtual Reality Gambling Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.

Report Highlights:

Strategic Points Covered in Table of Content of Virtual Reality Gambling Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Virtual Reality Gambling market

Chapter 2: Exclusive Summary the basic information of the Global Virtual Reality Gambling Market.

Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Virtual Reality Gambling; Post COVID Analysis

Chapter 4: Presenting the Global Virtual Reality Gambling Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2014-2019

Chapter 6: Evaluating the leading manufacturers of the Global Virtual Reality Gambling market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2020-2025)

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Virtual Reality Gambling Market to Witness Massive Growth by Entain, William Hill, SlotsMillion, NetEnt The Shotcaller - The Shotcaller

DraftKings (DKNG) - Get Reportshares on Monday got another boost from the analyst community after Cowen upgraded the stock to outperform from market perform with a $70 price target.

The firm made the upgrade due to the company's valuation and the prospect of more states legalizing sports gambling.

At last check DraftKings shares were trading 1.7% higher at $57.60.

The pace of state legalization is "the primary top-line catalyst and share-price driver for DraftKings,"according to analyst Stephen Glagola.

By the end of 2022 the Boston sports-gambling company could be live in states that represent half the U.S. population, the analyst said.

In New York, where sports gambling was recently legalized, the analyst sees DraftKings as having a "high probability of achieving market access," by the first quarter of next year, Glagola wrote..

That would come as the state adopts a "potentially high tax model" that will drive higher barriers to entry for DraftKings' potential rivals, he said.

Last week, DraftKings was initiatedbuy with a $75 price target at Guggenheim.

DraftKings was "well positioned" to take significant market share in North American markets, according to Guggenheim analyst Curry Baker.

"Beyond the momentum towards legalization and the inherent tailwinds new states/markets offer, we see several other competitive advantages underpinning our positive outlook for DraftKings," Baker said.

Last week,DraftKings agreed to pay at least $50 million over three years to distribute a sports and pop culture podcast from former ESPN (DIS) - Get Reporthost Dan Le Batard.

The Boston company will make money on the deal by selling advertising, as well as sub-licensing the podcast to radio stations and other audio providers, The Wall Street Journal reported.

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DraftKings Climbs on Valuation, Gambling-Legalization Prospects - TheStreet

Poker Lottery Online Gambling Marketresearch report studies key opportunities in the market and influencing factors which is valuable for the businesses. The market analysis puts a light on various segments that are relied upon to witness the quickest business development amid the estimate forecast frame. All the statistical and numerical data, which is calculated with the most established tools such as SWOT analysis, is represented with the help of graphs and charts for the best user experience and clear understanding. An all-inclusive Poker Lottery Online Gambling report provides complete background analysis of the industry which includes an assessment of the parental market.

A superior and comprehensive Poker Lottery Online Gambling market research report endows professionals with a lot of aspects about the market and the industry. Attaining complete info about the trends and opportunities in the industry is fairly time consuming process which is eased with this report. The analysis and forecasting of market data using best statistical and coherent models, market share analysis and key trend analysis are the major accomplishing factors in this market report. In the large scale Poker Lottery Online Gambling marketing report, market data is broken down in a systematic process to highlight focus areas of clients interest.

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Poker lottery online gambling market size is valued at USD 116,894.3 million by 2028 and is expected to grow at a compound annual growth rate of 12.90% over the forecast period of 2021 to 2028. Data Bridge Market Research report on poker lottery online gambling market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the markets growth.

Online gambling generally refers to the betting of money online to gamble at anytime and anywhere. Gambling is not only limited to playing cards, but it has also long-drawn-out over the internet, counting sports betting, online casinos and bingo. Online gambling usually uses two technologies such as digital television and theinternet. Also, the online gambling procedure supports multiple currencies which depend upon the gamblers location.

Competitive Landscape:

The report provides company-level market share analysis, which has been derived on the basis of the companys annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market.

Some of the major competitors operating in the Poker Lottery Online Gambling market are: The major players covered in the poker lottery online gambling market report arethe 888 Group Bet, BetAmerica, bet-at-home, Betfred, betsson ab, Buffalo Partners, DraftKings,Flutter Entertainment plc,Entain, IGT,32Red, Kindred Group plc, Playtech,MeLbet, Kairo International,CODERE, S.A., Scientific Games, Sky Betting & Gaming, The Stars Group Inc, and William Hill plc among other domestic and global players.

*Note: Additional companies can be included on request.

Global Poker Lottery Online Gambling Market: Drivers and Restraints

The report explains the drivers shaping the future of the Poker Lottery Online Gambling market. It evaluates the various forces that are expected to create a positive influence on the overall market. Analysts have studied the investments in research and development of products and technologies that are expected to give the players a definite boost. Furthermore, researchers have also included an analysis of the changing consumer behaviour that is projected to impact the supply and demand cycles present in the global market. Evolving per capita earnings, improving economic statuses, and emerging trends have all been studied in this research report.

The research report also explains the potential restraints present in the global Poker Lottery Online Gambling market. It evaluates the aspects that are likely to hamper the market growth in the near future. In addition to this assessment, it also provides a list of opportunities that could prove lucrative to the overall market. Analysts provide solutions for turning threats and restraints into successful opportunities in the coming years.

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Global Poker Lottery Online Gambling Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the Poker Lottery Online Gambling market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of Poker Lottery Online Gambling market, which includes global GDP growth rate, new projects across the verticals, various end-use industries growth rate. This report serves as an authentic resource of intelligence on Poker Lottery Online Gambling market, enabling the readers to take fact-based decisions on the future direction of their businesses.

Poker Lottery Online Gambling Geographic Market Analysis:

The latest business intelligence report analyses the Poker Lottery Online Gambling market in terms of market reach and customer base in key geographic market regions. The Poker Lottery Online Gambling market can be geographically divided intoNorth America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. This section of the report provides an accurate assessment of the Poker Lottery Online Gambling market presence in the major regions. It defines the market share, market size, sales, distribution network and distribution channels for each regional segment.

Key Points of the Geographical Analysis:

** Data and information on consumption in each region

** The estimated increase in consumption rate

** Proposed growth in market share for each region

** Geographic contribution to market income

** Expected growth rates of the regional markets

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Poker Lottery Online Gambling Market 2027 Growth Forecast Analysis by Manufacturers, Regions, Type and Application KSU | The Sentinel Newspaper - KSU...

Bitcoin is a kind of cryptocurrency that is actually a digital currency. They are available to trade as people do with shares. The very first use of Bitcoin was recorded in 2009 and was implemented as open-source software. Cryptocurrencies are free from any regulation of any central organization and therefore in many countries, it is not legalised to date.

Bitcoin operates as a peer-to-peer medium to payment and there is no intermediary. Bitcoin distribution is monitored by the nodes of peer-to-peer networks and therefore the recording of their transactions and distribution is known as Blockchains.

Bitcoin casinos are traditional online casinos where you need to bet through Bitcoins. These casinos provide lots of fame on which you can bet and win more Bitcoins. Lots of online casinos have changed or better to say upgraded to Bitcoin transactions as these cryptocurrencies are monitored centrally. Most of these online casinos have come into operation in recent years which deal with Bitcoins.

Most of these casinos offer their customers not only traditional casino games but also have designed new games and re-modified some new games so that they can attract the players. Betting-based games spread betting as well as online lotteries also have been included in them. Seeing the current price of Bitcoins, you may think that these games are going to be expensive. But the reality is that they arent actually. You can also use milli and micro Bitcoins as we do with physical money. A milli-Bitcoin is the 1000th part of and a micro Bitcoin is the 100000th part of a Bitcoins.

As Bitcoins are known as digital currencies, they can only be used virtually. You never can have a Bitcoin physically and thus you need to trade online with them. You will even get your reward amount too in Bitcoins which will be deposited directly at your eWallet. You are allowed to en-cash them whenever you want or you can transact with them if you want to.

First of all, you have to put some Bitcoins as initial deposits to the online Bitcoin casinos and from there you will get some tokens to play various games. These Bitcoin casinos also offer you jackpot games where you can win up to 500 BTCs too.

Cryptocurrencies are not physical currencies and therefore their value depends on the demand and supply factor. When you are investing in as well as gambling through cryptocurrencies, there is a risk of having some trouble in that. Since in many countries, these cryptocurrencies are not legal and no central agency controls their market, so there is a risk of volatility in it. You may lose your money in the blink of your eye. Here are some of the risk factors of Bitcoin gambling UK which you need to know and examine before you place your bet using these cryptocurrencies in any casino in the United Kingdom.

The cryptocurrencies are known as Altcoins or alternative coins which you can use in your transactions. They were actually generated with the aim to eliminate the third parties while distributing them among the interested people. Therefore they have eliminated the need for a bookie while placing their bets on any online casino site.

In many countries around the world, there is no legality of cryptocurrencies. They are not maintained as well as monitored centrally. Therefore in many countries, there is a calm view on Bitcoins as a very little percentage of people use them. This doesnt cause any kind of trouble to the economy so far. But nowadays, when the prices of these Bitcoins are getting higher and higher, the central agencies have started reckoning their power. Many governments are trying to shut it down as it is causing them to lose tax amounts from people.

The Bitcoins are not stationary at per their values since like the share market their rise and fall are never precedent. According to the experts, these cryptocurrencies are always the most volatile assets which can lose all their value in no time if the situations are adverse. Here are some of the reasons for the volatility.

Being alternative currencies, they are relatively new in the financial sector. Therefore you need to have some stability in the conditions to gain the beliefs of the users. Therefore until the situations come in favour of Bitcoins, there will be some roller coaster rides always.

Many people have invested their money in Bitcoins without knowing properly about it. Therefore there is a trend of panic selling in them when they will see the ups and downs in values.

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Bitcoin Gambling UK Is it Worth the Risk? - ABCmoney.co.uk