"The growth in sports betting is spurred by Gen Z and Millennials, who increasingly engage in high-risk sports betting, stock trading, and cryptocurrency speculation on mobile devices."
"National survey data indicate that 36% of boys aged 11-17 report gambling within the past year, with prevalence increasing from 28% among boys ages 11-13 to 44% among those ages 15-17."
"Once an adult activity linked to casinos and racetracks, sports gambling is now a continuous, socially normalized part of daily life for many young men-especially during March Madness."
"Importantly, early gambling is not benign. Even in adolescence, some individuals report stress, interpersonal conflict, and signs of compulsive behavior."
Gambling, particularly among Gen Z, is increasingly normalized, with March Madness highlighting its prevalence. U.S. legal sports betting exceeds $120-150 billion annually, with projections of $4 billion in bets during the 2026 NCAA tournament. Mobile betting dominates, accounting for 85-90% of wagers. Adolescents are introduced to gambling earlier, with 36% of boys aged 11-17 reporting participation. This early exposure is linked to stress and interpersonal conflict, indicating that gambling is not a benign activity for young individuals.
Read at Psychology Today
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