Dave Ramsey Warns of Sports Betting Addiction After Couple Loses $1M
Financial expert Dave Ramsey recently took a distressing call on his radio show. A 69-year-old woman revealed her 79-year-old husband had gambled away nearly their entire $1 million retirement savings on sports betting at BetMGM.
The couple is now left with a mere $15,000. Ramsey, known for his no-nonsense approach, has warned listeners about the growing issue of sports betting addiction. According to a national survey, nearly 20 million American adults engaged in problematic gambling behaviors 'many times' in the past year, a decrease from 27.5 million in 2021.
Ramsey advised the woman to set clear boundaries for her husband. He suggested seeking help from both a marriage counselor and an addiction counselor. He also urged her to give her husband an ultimatum to stop gambling. The National Council on Problem Gambling (NCPG), led by Derek Longmeier, supports such interventions. They believe responsible gambling efforts and public awareness campaigns can help reduce risky behaviors.
The couple's story serves as a stark reminder of the destructive power of gambling addiction. With proper support and intervention, recovery is possible. The NCPG continues to advocate for increased awareness and assistance for those struggling with gambling problems.
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