California woman, 69, seeks Dave Ramsey’s advice after her husband lost their entire $1M nest egg sports gambling
Yahoo Finance·2025-10-11 12:00

Core Insights - The article highlights the severe impact of gambling addiction on personal finances and relationships, exemplified by a couple facing a financial crisis due to the husband's gambling habits [1][3][4] Financial Impact - The couple initially had close to $1 million in savings, but due to the husband's gambling addiction, their savings have dwindled to $15,000 [2][3] - Despite the husband's annual salary of $350,000, their financial situation is dire, with a low credit score of 600 compared to the wife's score of 800 [5] Gambling Addiction Statistics - The National Council on Problem Gambling estimates that 2.5 million adults in the U.S. have a severe gambling problem, with an additional 5 to 8 million experiencing mild to moderate issues [3] - The rate of problem gambling among sports bettors is reported to be at least twice as high as that of gamblers in general [6] - 45% of sports bets are now placed online, increasing accessibility and temptation for gambling addicts [6]