Podknife - How a Psychiatrist Lost $400,000 on Gambling Apps by The Journal.

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How a Psychiatrist Lost $400,000 on Gambling Apps

Podcast |: The Journal.
Publisher |: Gimlet,; The Wall Street Journal
Media Type |: audio
Podknife tags |: Business,; Business News,; News & Politics
Categories Via RSS |: Business News,; Daily News,; News
Publication Date |: Mar 15, 2024
Episode Duration |: 00:31:50

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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