Gambling is the wagering of something of value on an event that is uncertain and unpredictable, with the intent to win something else of value. The term ‘gambling’ is also used to refer to activities that involve skill and chance, such as games of chance like poker or sports betting. There are many reasons people gamble: to make money, to socialize or to relieve boredom and unpleasant feelings. However, over time, gambling can lead to problems such as addiction, depression, relationship difficulties and financial strains. This article outlines some of the negative impacts of gambling and suggests ways to reduce or prevent them.
A growing body of research demonstrates that gambling has both negative and positive effects on individuals and society. These impacts can be structuralized as costs and benefits (see Figure 1). Negative impacts are observed at the personal level and influence gamblers directly. Positive impacts are observed at the interpersonal and community/society levels and influence those who are not necessarily gamblers (e.g. family, friends and work colleagues).
Some of the most significant negative impacts of gambling relate to the increased cost of public services associated with problem gamblers. These costs are estimated to amount to a minimum of £500 million per year for the whole of Britain. The majority of these costs are incurred by health and social care services. In addition, the costs are also reflected in decreased productivity at work and reduced tax revenue.
Other negative impacts of gambling include the increased risk of suicide amongst problem gamblers. It is estimated that a person with gambling disorder is at twice the risk of suicide as someone without a gambling problem. This is due to the psychological stress and emotional turmoil associated with a gambling disorder, which leads to an increased vulnerability to suicide.
There are some positive social impacts of gambling, particularly for older adults, where recreational gambling is a means of relaxation and entertainment. Studies have shown that recreational gamblers are happier and healthier than their nongambling counterparts. In fact, older adults who play casino and lottery games have a higher quality of life than those who don’t.
If you or someone you know has a problem with gambling, it is important to seek help and support as soon as possible. There are many different sources of help available, including free self-assessments and a national support line. To find out more, visit our self-assessments and support page or contact the GamCare helpline on 0808 802 1212 for confidential support. It’s never too late to change your life for the better. The best way to get started is by talking to someone you trust, whether that’s a friend or family member, or with a trained clinical professional. This will allow you to explore the specific factors contributing to your gambling behavior and develop an appropriate treatment plan based on your needs. This may include setting boundaries in managing your money, taking control of your family finances, and reviewing bank and credit card statements.