A host of speakers took the floor, each highlighting the findings of research undertaken on gambling in young people and adults.
In terms of youth gambling, research provided the following data:
• A study carried out last year showed that one in three 15-24 years olds gamble.
• Of those youths who gamble, a quarter are expected to end up with a gambling addiction.
• 3% of 12-17 year olds are currently considered to have a gambling problem.
The Adult Addict
Some research projects focused on adults and found that:
• Four out of five university graduates viewed gambling as a non addictive society activity.
• In 2008, one out of every four people in debt, below the age of 30, cited gambling as a cause of their financial situation.
• CCS research also profiled young debtors as well educated, married men who may have as much as $150,000 of debt, owed to up to12 creditors.
In terms of gambling habits, both generations were asked about their activities. The research found that young people were more likely to take advantage of free internet gambling, sports and skills betting whereas parents favored the lottery.
Not much of a problem after all
Whilst the figures have alarmed many, the picture is not all doom and gloom. When compared to other countries, Singapore can be seen to have less of a problem, for example, 5% of American youths are purported to have a gambling problem, compared to 3% in Singapore.
It is hoped that the presentation of this detailed research will have a positive effect as it is only by addressing problems within society that we can begin to counteract them.