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Boing Boing

Americans now lose a quarter of a trillion dollars a year gambling

Rob Beschizza
Jul 01, 2026
∙ Paid

Chart: Joseph Politano / The Argument

Americans will lose about $250 billion gambling this year, reports Joey Politano, a number that’s up 60% in half a decade. And that doesn’t include “prediction markets” and cryptocurrencies, both mostly vehicles for more gambling. Politicians are well-greased by the industry lobbyists, personal debt is soaring out of…

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