Gambling apps fuel rising debt and addiction—here’s how to dig out [MoneySense]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: MoneySense
While those sums are above average, Kilner has watched both his tally of clients and the depth of their gambling debts balloon in recent years. “Ten years ago I didn’t see anyone, because you’d actually have to go into a casino,” he added. “It’s just the last two, three years.”Betting apps put young adults at riskThe rise of online sports betting and casino apps has yielded big profits for gambling companies. But insolvency and psychology experts warn of dire consequences for a growing number of Canadians—young men, in particular—and recommend counselling, a payback plan, and self-examination for those needing to dig themselves out of debt.Compared to gamblers who exclusively played the lottery, Canadians who reported betting online over the past year were 45 times more likely to qualify as problem gamblers, according to a new report from Greo Evidence Insights, the Canadian Centre on Substance Use and Addiction, and Mental Health Research Canada.“Young adults are emerging as the grou
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News
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DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- DKNG's page on the SEC website