Gambling's Dirty Secret Revealed by Rabbi Joey Haber | Kosher Money Episode 41

6.6 million Americans struggle with gambling addiction, and a growing number are betting on sports. What happened? The floodgates opened in 2018 when the Supreme Court cut down a 1992 federal law that limited sports betting primarily to Nevada. Now, gambling is in the office, it's in our cars, it's in our homes, it's in our bedrooms. Does this have to be the unfortunate next addiction? How prevalent is it? What traps should we be aware of? Visiting the studio was a dynamic duo. First up: Rabbi Joey Haber, an insightful, energetic Rabbi who inspires and teaches thousands within his Brooklyn and Deal communities and across the web and world on TorahAnytime. We also spoke with Dovid Kohn, a therapist with a specialty in addiction and helps people and their families deal with those challenges, including gambling behaviors, compulsive spending, overgiving - yes that's a thing - and more. TIME STAMPS: 00:00 Coming Up 00:47 Intro 2:40 Betting Prevalence 5:28 The Slippery Slope 12:30 Started with a Penny 13:06 Shady Tactics 15:10 The Cost of Fantasy Sports 16:55 The Evil Inclination & Addiction 21:45 Parenting Against Kids Gambling 24:46 Advice/Getting Help 27:34 Sponsor: Colel Chabad 28:53 Welcoming Dovid Kohn 29:59 Sports Betting’s Reach 32:05 How it Begins 33:21 Levels of Gambling Addictions 35:40 Kids Gambling Apps/Danger of Technology 39:40 Restricting Apps At Home 46:14 Sponsor: Approved Funding 50:52 Other Financial Addictions (Markets, Crypto, etc.) 54:25: Escape vs Action Gambling 57:28 Recognizing an Addiction 1:00:51 Does Having Larger Bills Make You More Susceptible? 1:04:25 Preparing for Future Inheritance 1:06:00 Overgiving & Overspending 1:09:18 Sponsor: Infinity Land Services 1:10:39 Overworking Addiction 1:14:35 Emotional Health 1:15:30 Destigmatizing Therapy 1:19:10 Relationships Post-Financial Addiction 1:21:56 Fighting Back against Gambling 1:24:30 Uplifting Story of Seeking Help 1:29:06 Outro ► SPONSORS OF THIS EPISODE: ✬ A friend of Colel Chabad sponsored this episode and asks you to please help Israel's neediest people! They need you! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! ✬ Approved Funding: Looking to purchase a home? Looking to refinance? Looking to speak to a mortgage professional? Speak to Shmuel Shayowitz at https://approvedfunding.com/Mortgages/ ✬ Infinity Land Services: When your real estate transaction is protected through Infinity, you get meticulous coverage, clear communication, and zero drama—title after title after title. Visit https://ilstitle.com/ to learn more. If you need help with an addiction, including a gambling addiction, or other mental health referrals, reach out to Relief Resources at 1-718-431-9501 or https://reliefhelp.org There's also a 24-hour confidential national helpline from the National Council on Problem Gambling at 1-800-522-4700 ✬ Donate and Inspire Millions (Tax-Deductible) ✬ Your generous donation enables us at Living Lchaim to share uplifting messages globally, enrich lives, and foster positive change worldwide! Thank you! 🙏 ➡️ https://www.livinglchaim.com/donate ____________________________________ Follow Kosher Money on social media: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Follow Living Lchaim on social media: TikTok - https://www.tiktok.com/@livinglchaim Instagram - https://www.instagram.com/livinglchaim/ Facebook - https://www.facebook.com/livinglchaim LinkedIn - https://www.linkedin.com/company/living-lchaim ____________________________________ Free call-in-to-listen feature: 🇺🇸 USA: (605) 477-2100 🇬🇧 UK: 0333-366-0154 🇮🇱 ISRAEL: 079-579-5088 Need financial guidance? Get help from our awesome friends at https://LivingSmarterJewish.org/ WhatsApp us at 1-914-222-5513 - we love feedback, legit! For bonus content on our episodes, visit http://Mishpacha.com or pick up a new Mishpacha magazine weekly! Subscribe to our YouTube channel for more great content! :) Oh, and again: all investment strategies and investments involve risk of loss. Nothing contained in this episode or any of our episodes and videos should be construed as investment advice. #gambling #sportsbetting #addiction #koshermoney