A federal indictment unsealed Jan. 15 within the Japanese District of Pennsylvania claims {that a} playing ring involving a former NBA participant recruited greater than 39 athletes from 17 NCAA Division I groups, ESPN reported Jan. 15.
Prosecutors say the group used these gamers to repair the outcomes of dozens of faculty basketball video games over the previous two seasons.
Nevertheless, that is not the most important monetary downside for younger Individuals, bestselling private finance creator and radio host Dave Ramsey says.
However it’s associated.
“The fastest-growing addiction that is destroying young men in their twenties is online sports gambling,” Ramsey stated on a current version of The Ramsey Present. “FanDuel is a portal to hell. DraftKings isn’t king of nothing except their own pocketbook.”
“They’re screwing an entire generation of young men. That’s why they can afford to buy all of these ads,” Ramsey continued, according to Casino.org.
Dave Ramsey says internet gambling sites are evil
Sports wagering is, at its core, a commercial enterprise.
Internet digital gaming companies such as DraftKings and FanDuel pour millions into advertising and offer generous sign‑up promotions because it boosts their bottom line, not because they’re being charitable, Ramsey explained.
“There are back-to-back adverts each time you activate a sporting occasion,” he said. “They’re spending billions of {dollars}. the place they’re getting that? It’s out of your child’s freaking pocket.”
“That is evil stuff,” Ramsey added.
Extra on private finance:
- Dave Ramsey warns Individuals on vital Medicare mistake to keep away from
- Finance creator sends robust message on housing prices
- Scott Galloway explains his views on retirement, Social Safety
Some viewers of The Ramsey Present argued that wagering — sports activities betting included — comes down to private freedom.
Ramsey pushed again, saying corporations similar to DraftKings and FanDuel excel at persuading younger males that successful is straightforward, although the percentages are stacked so closely in opposition to them that shedding is the way more seemingly end result.
“You don’t win,” Ramsey stated.
Sports activities gamblers misplaced $13 billion in 2025
- The American Gaming Affiliation reported that within the first 10 months of 2025, sports activities bettors misplaced $13 billion, a 17.2% improve from the earlier yr.
- Individuals wager roughly $14 billion every month by means of authorized, regulated sportsbooks.
- These figures exclude unlawful betting by means of offshore websites, native bookies, and occasion‑contract platforms similar to Kalshi.
- A 2025 Siena College research discovered that half of males aged 18–49 have an energetic on-line sports activities betting account.
- The identical analysis signifies that 22% of all U.S. adults preserve a web based wagering account.
- Greater than half of surveyed bettors acknowledged chasing losses by inserting further bets.
- 37% reported feeling ashamed after shedding.
- 20% stated their betting has made it tough to fulfill monetary obligations.
Dave Ramsey disputes a misunderstanding on finance concepts
Ramsey believes a misunderstanding exists about his philosophy round cash, in keeping with a current “Office Hours: Business Edition” podcast interview hosted by College of Tennessee Haslam School of Enterprise professor Monica Langley.
“Generally when something is misunderstood with us it’s because the exposure is limited,” Ramsey stated. “The person just knows a little bit about what was said so they didn’t get the whole picture.”
“An example — a funny one — is that there are a lot of memes making fun of me being cheap. That you’re never allowed to have a life. That if you do Dave Ramsey it’s always cheap,” he continued. “It’s Dave Ramsey ruined Christmas, Dave Ramsey did this. Dave Ramsey cars are all hoopties. That’s just part of the picture.”
However Ramsey insists his teaching is about serving to folks make sensible selections.
“Yes, I’ll teach you to do all of those things to live like no one else, so that you can spend a luxury travel later,” he stated on the “Office Hours” podcast. “That last part is often left off and misunderstood if you only get the ‘Dave Ramsey won’t let me do this, or do anything.'”
“Well, Dave Ramsey isn’t going to stop you from doing anything. You’re an adult. But I’m teaching you to sacrifice to win.”
Dave Ramsey says he sells monetary hope
“We sell hope,” Ramsey stated on the podcast. “The product we sell is hope. If you plant corn, you’re going to get some corn. You reap what you sow. If you work your way out of debt, you’re going to get some money.”
“If you keep doing what you’ve been doing, you’re going to keep getting what you’ve been getting. We teach hope,” he continued. “The people that struggle the most have placed their hope in the wrong things.”
“They are waiting on someone else to fix their life. Every time you place your hope on someone else, you’re going to be let down.”
Associated: Dave Ramsey, AARP sound alarm on Medicare
