Women gamble more as the cost of living surges

Be the First to Comment Read

Women gamble more as the cost of living surges

Follow us on Google News:
 Women gamble more as the cost of living surges
Image source: Fer Gregory, Shutterstock

Highlights

  • 24% of women between 18 and 49 who gamble believe that they will gamble more over the upcoming months amid the cost of living crisis, as per GambleAware.
  • 12% have already turned to gambling in a bid to boost their income.
  • According to the charity's survey, gambling has already led to stress and anxiety issues in 21% of women.

A charity has alerted that the escalating cost of living crisis is anticipated to lead to a rise in dangerous gambling among women as they seek to enhance their overall household income.

According to a survey by GambleAware, about one out of every four women (24%) between the ages of 18 and 49 may turn to gambling to supplement their earnings. About 12% have already turned to gambling to boost their income.

                                                         ©2022 Kalkine Media®

According to the charity's survey, gambling has already led to stress and anxiety issues in one out of every five women (21%). As the inflation levels go up over the coming months, the struggles of households will also rise.

The rough winter ahead is already linked with increased traffic to gambling websites amongst women. Responding to these fears, the charity has introduced a prevention campaign focusing on struggling women to increase awareness about their assistance.

The campaign aims to identify early warning signs of women getting into gambling-related troubles and encourage them to overcome the challenges and stigma around female gambling. While women gamble to tackle financial hardships, investors can evaluate the performance of these gambling stocks. 

Playtech plc (LON: PTEC)

The market cap of the gambling software development enterprise, Playtech plc, stands at £1,452.13m as of Thursday. With an EPS (earning per share) of -1.00, the company's P/E ratio stands at 2.46. Playtech's return on a one-year basis stands at 1.89%, but as of 22 September, its YTD (year-to-date) return lies in the negative zone, at -39.69%. The FTSE 250 company has a turnover (on book) of £1,732,270.72 at present. PTEC shares were trading at GBX 440.80, plunging by 7.00%, on Thursday at around 11:30 AM (GMT+1). 

Flutter Entertainment plc (LON: FLTR)

The market cap of the sports betting, gaming and entertainment company, Flutter Entertainment plc, stands at £17,789.26m as of Thursday. With an EPS of -2.37, Flutter Entertainment's return on a one-year basis stands at -34.53%, and as of 22 September, its YTD return also lies in the negative zone, at -14.98%. The FTSE 100 company has a turnover (on book) of £6,581,397.66 at present. FLTR shares were trading at GBX 9,998.00, plunging by 1.16%, on Thursday at around 11:35 AM (GMT+1). 

Entain plc (LON: ENT)

The shares of the international gambling and sports betting business, Entain plc, stand at £7,045.38m as of Thursday. With an EPS of -0.26, the company's P/E ratio stands at 33.05. Etain's return on a one-year basis stands at -48.12%, and as of 22 September, its YTD return also lies in the negative zone, at -30.30%. The FTSE 100 company has a turnover (on book) of £2,459,639.66 at present. ENT shares were trading at GBX 1,173.00, plunging by 1.96%, on Thursday at around 11:40 AM (GMT+1).

Disclaimer

Featured Articles