Using Big Data Analytics to Fight Gambling Addiction

(Pavel L Photo/Shutterstock.com) It’s estimated that 3 to 5 percent of people who gamble develop an addiction to the activity, which can lead to an array of problems for gamblers, their families, and society at large. Millions are spent annually treating people with gambling addiction, but now some gaming institutions are exploring innovative ways of identifying problem gamblers in real-time through an innovative application of machine learning. Gambling is a big business, bringing in $500 billion in revenues around the world every year. Thanks to the rise of Internet gambling and the popularity of fantasy sports games like FanDuel and DraftKings, the business model appears to be on solid footing for years of growth. But as it grows, the industry must grapple with the problem of gambling addiction, which cuts…


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