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Gambling is the risking of something of value on an event of chance or skill, with the opportunity to win a prize. It includes all games of chance, regardless of how they are played, as well as all sports betting.

Whether it’s a small bet between friends or a large wager on the outcome of a sporting event, gambling occurs everywhere and is a global industry. In addition to legal casinos and racetracks, it takes place in places like gas stations and churches, and on the Internet. Approximately $10 trillion is legally wagered annually on a variety of events, including lotteries, horse races, and football (soccer) matches.

While the exact causes of gambling disorder are not fully understood, it tends to run in families and can begin during adolescence or early adulthood. Trauma and social inequality are also associated with gambling problems.

The first step in overcoming gambling addiction is admitting you have a problem. Then, seek treatment. Therapy can help you change unhealthy gambling behaviors and thoughts, as well as solve financial, work, and relationship issues caused by your compulsive behavior. Psychotherapy techniques for gambling disorder include cognitive-behavioral therapy, psychodynamic therapy, and family and group therapy. There are no medications available to treat gambling disorder, but the U.S. Food and Drug Administration has approved a number of antidepressants that may help with underlying mood disorders, such as depression. These medicines are usually prescribed by a doctor or therapist.