A gambling addiction - or compulsive gambling - is an illness that has no cure. If your husband can't control himself when it comes to betting, knowing how to handle his addiction can make the difference between helping him to arrest his illness and feeding his compulsion. Step 1 Learn about compulsive gambling.

There is a NJ sports betting trend, and there are no signs of it slowing down.

In sports betting lingo, the term handle is often used by the bookmakers to describe the total amount of money wagered over a specific period of time. In that case this term usually refers to total bets over multiple games, particularly during a longer series of pre-scheduled events. When dealing with the total bets placed on one game, the term action is usually used instead.
The IRS should not audit you for using gambling sessions, but they might audit your records to verify your gambling sessions reported are accurate. Some states might not accept gambling sessions. Section 165(d) covers the Code and here is legal precedence (Shollenberger, T.C. 2009-306; LaPlante, T.C.
Iowa posted a record sports betting handle for the second consecutive month in October, as the Iowa Racing and Gaming Commission on Monday reported $81.9 million in wagers were accepted. All but one of Iowa’s 18 casinos offered some form of mobile sports betting, which also contributed to a record handle in that category of nearly $56.9 million.
How is gambling addiction treated? Inpatient rehabilitation program. Although not frequently required, some people find that they need the structure. Outpatient rehabilitation program. Outpatient treatment programs are more commonly used by people with gambling. Twelve-step programs.

The trend we are referencing is the amount of money being wagered on a monthly basis, with the latest all-time high being October’s $803 million. More than 92% of those wagers were made via mobile apps.

Besides being a New Jersey record, it’s the biggest monthly handle ever reported by any legal US sports betting jurisdiction, Nevada included.

The New Jersey Division of Gaming Enforcement released October numbers earlier today.

NJ sports betting revenue came in at $58.5 million, good enough for a 26.1% year-over-year increase.

Here’s a closer look at a few of the other highlights.

NJ sports betting isn’t slowing down

For the year, New Jersey has taken in more than $4 billion in bets, and the last three months have a lot to do with it.

Just look at the numbers.

August handle: $667.9 million
September handle: $748.5 million
October handle: $803 million

So out of the $4 billion, more than 50% of the wagers have been placed over the last three months.

Clearly, the shift in the pro sports calendar as a result of the COVID-19 stoppage is having a lasting impact. Remember, all four major pro sports were sidelined during the months of April, May and June.

They slowly started returning in July, but things really didn’t get rolling again until August.

Now, with NFL betting season in midseason form, the industry is showing no signs of slowing down.

FanDuel + Meadowlands still dominating

Once again, there were no surprises regarding the market leader. The Meadowlands Racetrack crushed the field with $29.8 million in revenue.

Out of that total, $29.3 million came via online.

It’s NJ Gambling Sites’ understanding that the bulk of this number can be attributed to FanDuel Sportsbook. However, PointsBet NJ also operates under the license.

Resorts Digital, which is led by DraftKings Sportsbookand Fox Bet, finished an extremely distant second with $14.6 million. The Resorts-branded app also operates under the license.

Borgata, consisting of BetMGM Sportsbookand Borgata Sports, followed in third with $4.3 million.

In terms of market share, Meadowlands still has the biggest chunk, with 50.8% for October.

NJ sports betting + online casino = winning hand

Looking at the October numbers as a whole, it’s hard to ignore the $93.4 million in NJ online casino revenue.

This is the first time ever that number has crossed the $90 million mark. Fittingly, it comes as the industry is about to celebrate the seventh anniversary of its launch.

Here is why this number is significant. The majority of operators have sports betting and casino platforms integrated in the same app. This means the cross-selling model continues to pay dividends.

Resorts Digital is a perfect example, reporting $21.6 million in internet gaming revenue. Combine it with the sports betting revenue, and the grand total comes out to $36.2 million.

Bally’s Atlantic City, as a land-based operation, only earned $11.5 million in total gaming revenue.

Looking ahead to November revenue

Like previous months in 2020, November’s NJ sports betting revenue will include a couple of interesting twists.

For one, the NBA and NHL regular-season starts are delayed as a result of the much later finishes to their respective seasons.

Right now, the majority of the spotlight belongs to NFL and college football betting.

The Masters is the wild card. The PGA Tour major, which typically follows March Madness betting, is making an extremely rare fall appearance.

This is the first time the event is being played in November. Plus, NJ sportsbooks are going all out for Masters weekend.

Then there is the NBA Draft, which is usually held every summer. This year’s version is taking place Nov. 18, but it’s unlikely to attract a significant amount of wagering.

However, DraftKings is offering odds on everything from the No. 1 overall pick to player draft position to school specials.

But here’s the bigger question: Is the $803 million record here to stay, or will New Jersey be looking at its first $850 million month?

With so many people in New York State becoming addicted to gambling, many more family members and friends are forced to understand gambling addiction and its consequences, as well as how they should deal with the impact a parent’s gambling addiction has on their own lives.

If you’re the child of a problem gambler, we know it can be a difficult experience. You may be struggling to understand the addiction, and you might be asking, “Why can’t they just stop?” Maybe you want to help but you don’t know how, or you’re worried that your parent’s addiction may lead you to your own. If you still live at home, you might be dealing with the loss or downsizing of your home, or the selling of possessions to pay off the debt of the family.

We know this is a hard time, but you are not alone. Here are some things you should know:

Your Parent’s Gambling Addiction? It’s Not Your Fault.

Many children of problem gamblers wonder if it was something they did that drove their parents toward their addiction. That is not the case. You did not cause it, and you cannot single-handedly stop it. Remove that pressure from yourself and do not feel guilty. It was no choice or action of yours that caused this addiction.

It’s Not a Choice – It’s a Gambling Disorder.

Gambling addiction is a disease. It’s not a bad habit, carelessness or reckless behavior and it’s not a sign of a lack of care for the family at home. Those are misconceptions – some of the myths of problem gambling. Just like addictions to drugs and alcohol, this addiction is a disease. It’s a mental health issue, and that is why it is so hard for problem gamblers to stop.

Gambling addicts feel a “high” when they gamble – just as alcoholics do when they drink and drug addicts do when they use their choice of legal or illegal drugs. The only difference is gambling doesn’t require problem gamblers to ingest anything to reach a euphoric state.

Help is Available.

Counseling, whether in one-on-one sessions or support groups, is available throughout New York State for problem gamblers and for anyone affected by problem gambling.

Gambling Handle