Gambling has become a prevalent activity in many societies worldwide, with increasing accessibility due to online platforms and advertising. While gambling is often seen as a harmless form of entertainment for adults, its impact on the youth can be particularly concerning.
The allure of quick money and the excitement of games can make gambling appealing to young people. However, the risks associated with gambling extend beyond financial loss. It can lead to addiction, mental health issues, and social problems that can significantly impact a young person's future.
Gambling Addiction:
One of the most significant risks for young people engaging in gambling is the development of an addiction. The adolescent brain is still developing, making it more susceptible to addictive behaviors. Studies have shown that early exposure to gambling can increase the risk of developing a gambling addiction later in life.
A gambling addiction can have devastating effects on a young person's life, affecting their relationships, academic performance, and mental well-being. It can lead to financial problems, loss of employment opportunities, and even criminal behaviour in extreme cases.
Consequences of Gambling
• Financial Consequences:
Young people may not fully understand the financial risks associated with gambling, leading them to make impulsive decisions and spend more money than they can afford to lose. This can result in significant financial debt, affecting their future financial stability and independence.
According to Oxford Academic Study says that even low levels of gambling can lead to financial hardship. For example, people who bet 3.6% of their monthly expenses are a third more likely to miss a mortgage payment. The study also found that people who bet small sums are more likely to suffer financial hardship and unemployment.
• Impact on Mental-Health:
Engaging in gambling can also have adverse effects on a young person's mental health. The stress and anxiety associated with gambling can lead to depression, anxiety disorders, and other mental health issues.
What study says about the Impact on Mental Health?
According to a study by NCBI, problem gambling is often associated with other mental health issues and substance use disorders. For example, 56.4–60.1% of people with gambling problems also have nicotine dependence, 23.1–37.9% have mood disorders, and 17.6–37.4% have anxiety disorders.
While gambling may seem like a harmless form of entertainment, especially with the rise of online platforms offering easy access to games, its impact on our youth can be profound and long-lasting. It is essential for parents, educators, and policymakers to be aware of the risks associated with gambling and to take proactive measures to protect young people from its harmful effects.