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Sports wagerers with debts of tens of thousands of dollars are regularly presenting to Child and Family Services Ballarat, the service said.
Every two to four weeks a person will seek help with debts which are out of control for their stage of life because of compulsive sports betting, CAFS financial counselling coordinator Colin Handreck said.
In the last month Mr Handreck has helped two men both of whom compulsively bet on sports online manage debts as high as $45,000.
The amount Australians are losing on sports betting is increasing by 28 per cent a year and anecdotal evidence suggests the fastest growing demographic is young men.
It is also the fastest growing form of gambling in Australia.
One man who came to CAFS fo…
Read the full article at: http://www.thecourier.com.au/story/4409408/ballarat-man-loses-65000-to-sports-betting/