January 24, 2023 2 min read

Economic Crisis Fuels Gambling Addiction, Says Swedish Professor

The changes in the economic environment in combination with the increase in the cost of living create the perfect conditions for gambling addiction in Sweden, a new report claims

Just like other European countries, Sweden faces changes in its economic environment. While the cost of living continues to rise, many people in the country already feel the negative effect of the economic crisis. According to Anders Håkansson, a professor of psychiatry at Lund University and doctor at Malmö’s addiction clinic, the economic crisis helps problem gambling flourish, a report released by the newspaper Aftonbladet reveals.

The professor flagged that currently, there’s no solid research that can outline gambling patterns in Sweden. The number of people affected by problem gambling in the country is measured by the Public Health Agency. Still, the Agency reveals statistics about the problem gambling rate on a yearly basis. Judging by this data, back in 2021, just above 4% of the Swedish population faced issues with gambling.

Håkansson acknowledged that the economic conditions are continuously changing, which results in a delay in the results. “There is a delay in terms of time before we see a possible increase in the number who come to addiction care,” he said. Additionally, Håkansson pointed out that there’s currently little to no data regarding how long it takes people to develop problem gambling.

Economic Crisis Pushes People to Gamble

Another point raised by the professor involved gambling advertising and problem gambling during an economic crisis. He said that it is worrying to see more people being attracted to gambling via ads that offer immediate financial gains.

Citing previous research, Håkansson said that people who start gambling at a time of financial crisis are at a higher risk of developing problem gambling. At the same time, the circumstances may push back individuals who have previously stopped gambling, he explained. “For those people, the risk of problem gambling is particularly high. If there’s ever a time when you shouldn’t start playing to win money to solve financial problems, it’s during a crisis,” said Håkansson.

Recently, in December, a proposal was introduced that sought to fight against problem gambling in the country. The new piece of legislation proposed gambling operators have access to additional customer information in an effort to curb problem gambling and reduce harm. Under the new proposal, gambling operators would be able to monitor client behavior and spend in an effort to flag problem gambling.

Journalist

Jerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.

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