"There are seven states that legalized gambling on your phone. So you can play slots all the live long day while you watch television and walk your dog. For NYT's the Upshot, Ben Blatt shows the billions in tax revenue this provides states, which makes revenue from sports betting apps look like pocket change. I guess good for the states?"
"This seems terrible for people gambling away their income on slot games. These games favor the house in the long run, so the longer you play the closer you get to certainty that you will lose everything."
"That doesn't bode well for those who play all the time."
Seven states legalized mobile gambling, allowing continuous access to slot games on phones during everyday activities. The mobile slots generate billions of dollars in state tax revenue, far surpassing income from sports betting apps. Immediate accessibility makes it easy to play while watching television or walking a dog, increasing time spent gambling. Slot games are structured to favor the house, making long-term losses statistically likely for persistent players. Frequent play can deplete personal income and threaten financial stability, creating public-health and social concerns despite substantial state fiscal gains.
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