Gambling is a recreational activity that involves putting something of value at risk in an attempt to gain something of greater value. It is most often thought of as a game of chance, but it also includes other types of games of skill. The impact of gambling on individuals, families and the economy is substantial. Special populations such as adolescents, veterans, aging adults and members of Latino and Asian communities are at higher risk of developing a gambling problem than other groups.

While there are many negative effects of gambling, it can be beneficial if done in moderation. It can provide socialization, mental development, and help people learn new skills. However, gambling can be dangerous when it is done out of control and becomes a problem.

Those with a gambling disorder can have trouble recognizing the problem and seeking help. They may try to rationalize their behavior or feel shame or fear. Fortunately, they can find help through support groups and counseling. They can also get support from family and friends who understand their situation.

A major benefit of stepping away from gambling is improving one’s financial health. Gambling can cause precarious financial situations, and money that could have been used for savings, investments, or essential expenses is instead spent in pursuit of wins that rarely compensate for losses. Taking the step to stop gambling can allow people to rebuild their finances and pursue future goals with clarity and confidence.