Gambling is addictive and psychologically harmful  Gambling can become a psychologically addictive behavior in some people. According to the Emotional Neuroscience Centre in Massachusetts, “Monetary reward in a gambling-like experiment produces brain activation very similar to that observed in a cocaine addict receiving an infusion of cocaine.”1 Because of this addictive nature, many people end up gambling to try to recover money they have already lost. This is known as ‘chasing losses’. It results in people staking more and more money, most of which they will lose, and sinking deeper and deeper into debt. People start to gamble without thinking that they will become addicted. Once that happens, it is often too late. A gambling addiction, in addition to the long term effects it has, can result in financial ruin in a few short hours.  1 Johannes Hedwig, Hypersensitivity to Reward in Problem Gamblers, Biological Psychiatry, April 15 2010. .