March 15, 2024

How a Psychiatrist Lost $400,000 on Gambling Apps

by The Journal

In November 2022, Kavita Fischer downloaded a casino app from DraftKings, one of the top online betting companies in the U.S. Kavita was looking for relief from the stress of a recent divorce and the isolation of working from home during the pandemic. In less than a year, Kavita gambled away hundreds of thousands of dollars. We speak to Kavita and to WSJ’s Katherine Sayre about how online betting companies keep customers coming back by giving them bonus credits and VIP treatment. 

Further Reading:

- A Psychiatrist Tried to Quit Gambling. Betting Apps Kept Her Hooked. 

Further Listening:

- Disney Gets Into Gambling  

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