Posted on 12/04/2022 10:53:02 PM PST by Tired of Taxes
At least eight universities have partnered with online sports betting companies, reports The New York Times.
Sports betting is surging across America — with flashy ads and easily accessible apps encouraging wagers both at home and in stadiums — and has slinked its way over to several college campuses as well.
The New York Times recently uncovered that at least eight universities have partnered with online sports-betting companies, while at least a dozen athletic departments and booster clubs have signed agreements with brick-and-mortar casinos.
Personal finance author and radio host Dave Ramsey lambasted the institutions on The Ramsey Show.
“You freakin’ idiots … Selling out your own students who you’re supposed to be caring for,” said Ramsey. “The No. 2 addiction in North America today — and fastest growing addiction in North America today — is online gambling. It starts with the sports betting as a gateway drug.”
The National Council on Problem Gambling (NCPG) says researchers estimate about three-quarters of college students gambled in the past year, and 6% have a gambling problem.
More accessibility means students are more susceptible to problem gambling In 2018, the Supreme Court overturned a decision that limited sports betting to Nevada — and now 31 states and Washington, D.C. have legalized online or in-person betting, while five more have passed laws that will allow for it in the future.
The relaxation in rules has apparently extended over to higher education institutions as well of late — online betting company Caesars Sportsbook struck a whopping $8.4 million dollar deal with Michigan State University last year, reports The New York Times.
And the University of Colorado Boulder reportedly collects $30 every time someone uses the university’s promotional code to download the PointsBet gambling app and starts betting.
(Excerpt) Read more at moneywise.com ...
3 reasons
1...idiots
2...not their $
3...not their $
Worry not, the students will all be in uniform soon, drafted to fight in the coming wars, boys and girls too now. To liberate 1) the Donbass in Ukraine, 2) Georgia from Russia,3) to keep China out of Vietnam, 4) Keep Iran out of Iraq, and 5) Liberate Hong Kong from China. The Start of WW III coming in the next few weeks. I predict WW III by New Years. This will be a 20 year conventional war that will see a Billion people die (Mostly by disease and starvation—like all wars). Be ready for complete Democratic Party Rule with War Powers, Rationing, No anti-war movements, Castrated RINOs all that is left as a second party. The only real money making operations will be in American flag decals and cemeteries. Welcome to the new Chinese Century.
The big guy gets his 10%.
Congratulations on becoming debt-free!
Amen. That makes 3...on this thread. And millions more worldwide. Baby Step 7 here and couldn’t be happier.
I like Dave’s advice. Fortunately we never had to take it. Besides a mortgage, we’ve never had any debt besides the occasional used car payment.
My cousin and his wife did the debt free scream on the radio a few years ago.
“...Amen. That makes 3...on this thread. And millions more worldwide. Baby Step 7 here and couldn’t be happier.”
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We are Baby Step 3 obviously but our kids are finished college (we paid those costs in BS2), our Mortgage is paid, we are putting 15% in retirement investments. We do want to put more cash in our Emergency Fund so 4 months in BS3 then on to Baby Step 7 (by May 2023) Life is good! So happy about this!
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