Online Gambling: Addictiveness and Financial Woes

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Online GamblingAddictiveness and Financial Woes

• Joe Fogarty, Matt Prehm, Brendan Morley

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Outline

• Laws against online gambling
• Addictive behaviors
• Financial woes for celebrities

Online Gambling Video
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Laws Against Online Gambling

• Washington State Gambling Commission

Nelson Rose's Home Page
The Justice Department maintains that the 1961
Wire Act, written to prohibit betting
transactions via telephone, applies to the
Internet.
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What the Credit Cards are Doing
HR0441

• The law leaves enforcement up to banks and other
  U.S. financial institutions, some of which fought
  the legislation.
• Internet gamblers typically set up accounts at
  offshore businesses, and place and settle bets
  using credit cards and checks that are converted
  into electronic currency much as eBay users buy
  and sell items using Pay Pal.

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The Perfect Storm of Harm

• Internet gambling brings together all of
  gamblings addictive power
• Online gambling has earned the title of the
  crack cocaine of gambling
• Internet gambling provides the ultimate proximity
• Anonymity is a significant problem among gambling
  addicts

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Pathological Gambling An Addiction Embracing
the Nation

• Pathological gambling is a progressive disease
  that devastates not only the gambler but everyone
  with whom he or she has significant
  relationships.
• Robert L. Custer, M.D., identified the
  progression of gambling addiction
• Winning Phase
• Losing Phase
• Desperation Phase

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Profound Impacts

• Online gambling will have profound psychological
  and social consequences. -Storm King, Ph. D
• In the case of university students
• Deterioration in academic grades
• Involvement with other addictive behaviors
• Associated with criminal behaviors and drug use

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Online Gambling Hits Celebrities and Normal
People Alike

• If I dont get control of my gambling, its
  going to flat-out ruin me
• Its frustrating, hard part for me, but I
  understand. Im a big boy, and you guys have a
  responsibility and a job to do, and thats fine

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John Daly

• Daily reports he has lost 50 to 60 Million
  during 12 years of heavy Gambling
• Won 750,000 at Golf Tournament, Then lost 1.65
  million in 5 hours of gambling
• Owed 4 Million to Casinos, Credit Cards, and
  Online sites at one point.
• If I make a little big, then maybe I move up to
  the 100 slots or the 500 slots, or maybe I take
  it to the blackjack table. Its their money, why
  not give it a shot, try to double it? And if I
  make a lot, I can

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Charles Barkley

• Barkley admitted he lost around 10 Million
  gambling
• States he can relate to how Daly wants to gamble
  money away
• Do I think its a bad habit? Yes, I think its a
  bad habit. Am I going to continue to do it? Yes,
  I am going to continue to do it.
• Barkley has admitted a reason why he loses so
  much is cause he has become addicted to the
  thrill of playing high stakes.

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Mike The Mouth Matusow

• Professional Poker player/ Celebrity states
  through gambling and the life style that comes
  with doing it all the time lead to a downfall in
  his life.
• Lost a Million dollars in one night
• Lost a total of 500,000 in 15 straight days
• Introduced to drug world through gambling, and
  later was sentenced for possession and intent to
  deal for Speed, Cocaine, Percocets, and Ecstasy
• Lost 250,000 from betting on NFL games in six
  months from the Jail phones.

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Celebes Burning Cash

• Michael Jordan
• Sports teams will gamble high stakes while on the
  road
• Actress Jennifer Tilly
• Actress Janet Jones
• Gilbert Arenas
• Tony Parker

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Conclusion
Gaming addictions could reach an unprecedented
high level now that gambling is accessible over
the internet. Computer users often fit the
specific personality profile that typifies
pathological gamblers frequently introverted,
mentally preoccupied and obsessive. -The
Journal of Gambling
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Resources

• http//en.wikipedia.org/wiki/Federal_Wire_Act
• http//www.gamblingandthelaw.com/
• http//seattletimes.nwsource.com/html/nationworld/
  2003303999_gambling14.html
• http//www.out-law.com/page-7100
• http//www.kansascity.com/mld/kansascity/business/
  15718839.htm?sourcersschannelkansascity_busines
  s
• http//thomas.loc.gov/cgi-bin/bdquery/z?d109HR044
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• http//www.wsgc.wa.gov/faq/internet_gambling.pdf

• http//en.wikipedia.org/wiki/Problem_gambling
• http//www.nlm.nih.gov/medlineplus/ency/article/00
  1520.htm
• http//www.addictionrecov.org/aboutgam.htm
• http//www.ncalg.org/internet20gambling.htm
• http//web.ebscohost.com/ehost/detail?vid15hid1
  3sidcff2ad3d-bf75-481b-b0eb-a83cbfc59e1040SRCSM
  1
• http//web.ebscohost.com/ehost/detail?vid10hid1
  12sidcff2ad3d-bf75-481b-b0eb-a83cbfc59e1040SRCS
  M1
• http//web.ebscohost.com/ehost/detail?vid10hid1
  12sidcff2ad3d-bf75-481b-
  b0eb-a83cbfc59e1040SRCSM1

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The End