Gambling can seem exciting, especially for youth and young adults who are growing up in a world where it is easy to access. From sports betting to games on apps and websites, gambling is more available than ever. The good news is that with the right tools and support, young people can make informed choices. Financial literacy is one of the most effective ways to build those skills and create a safer future.

The Facts

In New York State, many youth report that they have tried gambling, and even more say it is easy to access (OASAS, 2022). This shows how important it is to start conversations early. Financial literacy helps young people understand how money works. It teaches skills like budgeting, tracking spending, and setting goals. These skills help youth stay aware of where their money is going and make thoughtful decisions.

Gambling is not a reliable way to make money. It is based on chance, not skill . Some people believe that after losing, a win is “due.” This belief is called the gambler’s fallacy. Learning to recognize this can help young people avoid risks, repeated losses, and frustration. Understanding risk is a powerful step toward prevention.

Warning Signs

There are also early warning signs to watch for. These can include spending more than planned, borrowing money, or not having enough for school needs. These signs are not failures. They are signals that something needs attention. When youth and families recognize these signs early, they can take action and make changes.

Youth Financial Empowerment

Small actions can lead to big results. Creating a simple budget can help young people see how much money they have and where it should go. Setting goals, like saving for something important, can build confidence and focus. Even tracking spending for a short time can increase awareness and support better habits.

Support from parents, schools, and communities makes a difference. Open conversations about money and gambling help youth understand risks and feel supported. Schools and community programs can offer positive activities that build skills and confidence. Learning how to handle peer pressure and make independent choices also helps youth stay on track.

Help And Hope

There is real hope. When young people learn about money and take small, positive steps, they build strong habits that last. With knowledge, support, and action, youth and young adults can avoid gambling harm and move toward a healthy and stable future.

If you find yourself struggling with gambling harm, or if you suspect someone you know is facing such challenges, don’t hesitate to seek help. For 24/7 support, call the NYS OASAS HOPEline at 1-877-846-7369 or text 467369. Or choose your county using our interactive map on our NYProblemGamblingHELP.org HOME PAGE to see the contact information for the Problem Gambling Resource Center (PGRC) in your region.