BIO

I am a Freshman here at Florida State University studying Finance in the Presidential Scholars Program. Currently I am researching the effects of sports gambling on the economy and society. Outside of UROP, I am a Real Estate Investor under my LLC and do independent research on real estate for personal interests. Through the Sigma Alpha Epsilon Fraternity on campus I participate in many philanthropies and events bettering the Tallahassee community. I also enjoy playing basketball and volleyball with my friends in my free time.

Effects of Sports Gambling

Abstract

Sports gambling amounts for several billions of dollars in circulation every single month. With that being said, in recent times mobile betting has become one of the biggest innovations making sport gambling accessible from anywhere in the world with internet connection. While the boost to the economy is great as a result, the psychological impacts on society, gamblers, families, and even the athletes is substantially demoralizing. Mental health of the subjects listed have been affected in so many ways that have lead politicians, bookmakers, and therapeutic institutions to change the ways they approach online sports gambling. While the leading reason that gamblers continue to gamble is due to the “one big win” that they are ever so close to attaining, sports books are always getting the “one big win” every time a bet is placed. Through analyzing data from studies and statistics, I was able to gather information giving an overview of the impact sports gambling has had on society. By combing through countless studies I was able to find the best ones which allowed me to create concise conclusions on its effects throughout society. The results found were that while sports gambling has been great for the economy and growing of the culture of sports, it has a history of ruining families and leading people down a path of exploitation and addiction. Overall, the study is open ended and allows the reader to come to their own conclusion by stating both positive and negative effects.

Keywords: Effects Sports Gambling