Abstract

The aim of the study was to investigate the effects of online sports betting on the perceived economic wellbeing of student-athletes using the regression analysis with an interaction effect used to test the effect of demographic variables on the relationship between dependent and independent variables. Correlation analysis was used to test the relationship between independent variables. The findings reveal that there was a positive and significant association3 between gambling severity and economic wellbeing. The study revealed that students’ sports bet online with large amounts of money to get the feeling of excitement. Sports betting leads to overspending which can disrupt home life to such an extent that it has some social effects such as the break-up of families. Sometimes due to sports betting the only deceptive course of action that seems to remain too often may lead the bettor to commit suicide.

Highlights

  • The rise of betting company's may be attributed to digital sports betting exceeding most other types of gambling and concentrating on the "young market" (Gainsbury et al, 2014; Benson et al.; 2021)

  • It is alleged that online sports betting has a high level of exposure and different people have a diverse perception of its consequences on student-athletes' social-economic life, mental health, and academic life and has been identified as a booming business (Zion Market Research 2018)

  • Have you ever criticized your friends' online sports betting or told you that you had an online betting problem, regardless of whether or not you thought it was true Are you aware of any financial problems caused by online sports betting for you, your friend or your household How often have you felt guilty about the way your friend's sports bet online or what happens when they sports bet online

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Summary

Introduction

The rise of betting company's may be attributed to digital sports betting exceeding most other types of gambling and concentrating on the "young market" (Gainsbury et al, 2014; Benson et al.; 2021). Online sports’ betting, in particular, is the only gambling area in which participation has increased over the past decade (Gainsbury, 2015; Håkansson, 2020; Benson et al.; 2021). These increases have been supported by widespread advertising for online sports betting during a live and broadcast sporting event, as well as via contemporary media like the internet, social networks, and cellular phones (Gainsbury, Hing, Delfabbro, & Kings, 2014). It is alleged that online sports betting has a high level of exposure and different people have a diverse perception of its consequences on student-athletes' social-economic life, mental health, and academic life and has been identified as a booming business (Zion Market Research 2018)

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