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  2. The gambling industry's sly new way to suck money from ... - AOL

    www.aol.com/news/gambling-industrys-sly-way-suck...

    A study by California researchers released in 2024 estimated that legalized gambling across America may result in as many as 30,000 bankruptcies and an additional $8 billion in debt collections ...

  3. Economics of gambling - Wikipedia

    en.wikipedia.org/wiki/Economics_of_Gambling

    Gambling increases aggregate demand for goods and services in the economy. In 1996, Americans spent one in every ten dollars on commercial gaming. This money goes directly toward stimulating the economy. This expenditure on gambling can also be magnified when considering the multiplier effect. [3]

  4. 6 Things To Do Now If You Have Gambling Debt - AOL

    www.aol.com/6-things-now-gambling-debt-200018897...

    James Whitaker*, 35, first gambled at around the age of 12, playing Italian Roulette with real money. In his late 20s, he got hooked playing Blackjack at a casino in California. The rush of ...

  5. Gambler's ruin - Wikipedia

    en.wikipedia.org/wiki/Gambler's_ruin

    In statistics, gambler's ruin is the fact that a gambler playing a game with negative expected value will eventually go bankrupt, regardless of their betting system.. The concept was initially stated: A persistent gambler who raises his bet to a fixed fraction of the gambler's bankroll after a win, but does not reduce it after a loss, will eventually and inevitably go broke, even if each bet ...

  6. MGM Reacts to Claim That Bruno Mars Owes $50 Million in ...

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    Bruno Mars. Kevin Winter/Getty Images Bruno Mars doesn’t need to use his “24K Magic” to pay off his gambling debts — because he has none. After a report claimed that Mars, 38, owed $50 ...

  7. Vigorish - Wikipedia

    en.wikipedia.org/wiki/Vigorish

    It is simplest to assume that vigorish is factored in proportionally to the true odds, although this need not be the case. Under proportional vigorish, a "fair odds" betting line of 2.00/2.00 [b] without vigorish would decrease the payouts of all outcomes equally, perhaps to 1.95/1.95, once it was added.

  8. 7 Online Gambling Games That Are Making People Lose Millions

    www.aol.com/finance/7-online-gambling-games...

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  9. Financial position of the United States - Wikipedia

    en.wikipedia.org/wiki/Financial_position_of_the...

    Since 1946, the federal government's debt-to-GDP ratio has since fallen by nearly half, to 54.8% of GDP in 2009. The debt-to-GDP ratio of the financial sector, by contrast, has increased from 1.35% in 1946 to 109.5% of GDP in 2009. The ratio for households has risen nearly as much, from 15.84% of GDP to 95.4% of GDP. [2]