- Dave Ramsey says the legalization of on-line sports activities betting has devastated younger males
- Ramsey calls on-line sportsbooks “pure evil” and a “portal to hell”
- Ramsey critics say sports activities playing is a person’s alternative, and a few do win
Dave Ramsey is not any fan of playing or sports activities betting. He’s made that abundantly clear over time when callers into his nationally syndicated monetary recommendation radio present have sought assist for coping with family members or colleagues scuffling with playing addictions.
Dave Ramsey reveals a clip from a latest episode of “The Ramsey Present” during which he mentioned the hazards of on-line sports activities betting, significantly the way it preys on younger males. Ramsey calls on-line sports activities betting “pure evil.” (Picture: The Ramsey Present/X)
Throughout a latest version of “The Ramsey Present,” which has aired for greater than three many years and is among the many most listened to day by day monetary broadcasts within the US, Ramsey doubled down on his abhorrence of sports activities playing. The monetary advisor opined that sports activities betting, which was solely authorized in Nevada seven years in the past, however at this time is regulated in 39 states and Washington, DC, is preying upon younger males.
The fastest-growing dependancy that’s destroying younger males of their 20s is on-line sports activities playing. FanDuel is a portal to hell. DraftKings isn’t king of nothing besides their very own pocketbook,” Ramsey mentioned.
“They’re screwing a whole technology of younger males. That’s why they’ll afford to purchase all of those advertisements,” Ramsey continued.
Sportsbook Foe
Sports activities betting is, in fact, a enterprise. And sportsbooks like DraftKings and FanDuel don’t spend many thousands and thousands of {dollars} every year advertising their sports activities playing operations and handing out free sign-up bonuses out of the goodness of their hearts, Ramsey mentioned.
“There are back-to-back advertisements each time you activate a sporting occasion. They’re spending billions of {dollars}. You understand the place they’re getting that? It’s out of your child’s freaking pocket. That is evil stuff,” Ramsey declared.
Some viewers of his present commented that playing, together with sports activities betting, is a person’s alternative. Ramsey countered by opining that DraftKings and FanDuel are expert at convincing younger males how straightforward it’s to win, when in actuality they’re nearly assured to lose.
“You don’t win,” Ramsey declared.
The American Gaming Affiliation (AGA) reviews that via 10 months of 2025, sports activities bettors misplaced $13 billion. That marked a 17.2% surge on the prior yr.
Individuals guess about $14 billion a month via authorized, regulated sportsbooks. The deal with doesn’t embrace unlawful sports activities bets with offshore web sites or native bookies, nor bets made on occasion contract platforms like Kalshi.
Sports activities Betting Participation
A 2025 research from the Analysis Institute at Siena College in New York concluded that half of all males aged 18 to 49 have an energetic on-line sports activities betting account. That information means that 22% of all American adults have an internet wagering account, and greater than half admitted to chasing a guess, or making one other wager in hopes of profitable again a loss.
The research discovered that 37% of bettors have felt ashamed after shedding, and 20% have encountered troubles assembly monetary obligations due to their betting.
