Gambling's Dirty Secret Revealed by Rabbi Joey Haber | Kosher Money Episode 41

6.6 million Americans struggle with gambling addiction, and a growing number are betting on sports.

What happened?

The floodgates opened in 2018 when the Supreme Court cut down a 1992 federal law that limited sports betting primarily to Nevada.

Now, gambling is in the office, it's in our cars, it's in our homes, it's in our bedrooms.

Does this have to be the unfortunate next addiction? How prevalent is it? What traps should we be aware of?

Visiting the studio was a dynamic duo.

First up: Rabbi Joey Haber, an insightful, energetic Rabbi who inspires and teaches thousands within his Brooklyn and Deal communities and across the web and world on TorahAnytime.

We also spoke with Dovid Kohn, a therapist with a specialty in addiction and helps people and their families deal with those challenges, including gambling behaviors, compulsive spending, overgiving - yes that's a thing - and more.

TIME STAMPS:
00:00 Coming Up
00:47 Intro
2:40 Betting Prevalence
5:28 The Slippery Slope
12:30 Started with a Penny
13:06 Shady Tactics
15:10 The Cost of Fantasy Sports
16:55 The Evil Inclination & Addiction
21:45 Parenting Against Kids Gambling
24:46 Advice/Getting Help
27:34 Sponsor: Colel Chabad
28:53 Welcoming Dovid Kohn
29:59 Sports Betting’s Reach
32:05 How it Begins
33:21 Levels of Gambling Addictions
35:40 Kids Gambling Apps/Danger of Technology
39:40 Restricting Apps At Home
46:14 Sponsor: Approved Funding
50:52 Other Financial Addictions (Markets, Crypto, etc.)
54:25: Escape vs Action Gambling
57:28 Recognizing an Addiction
1:00:51 Does Having Larger Bills Make You More Susceptible?
1:04:25 Preparing for Future Inheritance
1:06:00 Overgiving & Overspending
1:09:18 Sponsor: Infinity Land Services
1:10:39 Overworking Addiction
1:14:35 Emotional Health
1:15:30 Destigmatizing Therapy
1:19:10 Relationships Post-Financial Addiction
1:21:56 Fighting Back against Gambling
1:24:30 Uplifting Story of Seeking Help
1:29:06 Outro

► SPONSORS OF THIS EPISODE:

✬ A friend of Colel Chabad sponsored this episode and asks you to please help Israel's neediest people! They need you! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation!

✬ Approved Funding: Looking to purchase a home? Looking to refinance? Looking to speak to a mortgage professional? Speak to Shmuel Shayowitz at https://approvedfunding.com/Mortgages/

✬ Infinity Land Services: When your real estate transaction is protected through Infinity, you get meticulous coverage, clear communication, and zero drama—title after title after title. Visit https://ilstitle.com/ to learn more.

If you need help with an addiction, including a gambling addiction, or other mental health referrals, reach out to Relief Resources at 1-718-431-9501 or https://reliefhelp.org

There's also a 24-hour confidential national helpline from the National Council on Problem Gambling at 1-800-522-4700

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#gambling #sportsbetting #addiction #koshermoney