Why March Madness is a special time of year for state budgets

March Madness—the time when the best men's and women's college basketball teams challenge each other—is a made-for-television spectacle watched by millions. While March Madness has been around for decades, one of the ...

Advertising drives online gambling among young Australians

Gambling features such as loot boxes in video games and sports betting are the most popular forms of online gambling among young adults in the ACT, with many introduced to it before the age of 18, according to a new report ...

Gambling

Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period.

The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a “gaming” company offers (legal) “gambling” activities to the public. This distinction is not universally observed in the English-speaking world, however. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission).

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