Financial and psychology experts are sounding the alarm about a growing crisis in Canada, as new data reveals Canadians are wagering record sums on online gambling platforms and subsequently falling into serious debt. The situation is particularly acute among young men, who appear disproportionately drawn to the digital betting environment.
The Scale of the Problem
The warning comes amid a surge in online gambling activity across the country. Experts point to the easy accessibility of casino apps and betting websites as a primary driver of this trend. A photo illustration from Toronto, dated January 17, 2024, depicts the stark reality: a smartphone screen displaying a prominent "deal" button on a casino app, symbolizing the seductive and immediate nature of the risk.
While the exact figures of the record sums being bet were not disclosed in the original report, the emphasis from The Canadian Press, published on November 20, 2025, is on the severe financial and psychological fallout. The consequences extend beyond empty wallets, deeply impacting mental well-being and family stability.
Who is Most at Risk?
The report singles out a specific demographic as being especially vulnerable. Young men, in particular, are being drawn into the cycle of online gambling at an alarming rate. The combination of targeted marketing, the thrill of potential wins, and the anonymity of digital platforms creates a perfect storm for developing addictive behaviours.
This trend is not isolated to one province but is recognized as a national issue. The constant availability of gambling opportunities on personal devices breaks down traditional barriers, making it a 24/7 temptation.
Pathways to Recovery and Support
Despite the grim outlook, experts stress that recovery is possible. The first step is recognizing the signs of a gambling problem, which can include chasing losses, lying about gambling activities, and using gambling as an escape from stress or other emotional problems.
Financial counsellors and mental health professionals emphasize the importance of seeking help early. Strategies for digging out of gambling-related debt often involve a multi-pronged approach:
- Seeking professional financial advice to create a structured debt repayment plan.
- Accessing psychological support or addiction counselling to address the root causes of the compulsive behaviour.
- Utilizing self-exclusion programs offered by many provinces to block access to gambling websites and apps.
The message from experts is clear: while the allure of a quick win is powerful, the long-term costs of problem gambling are devastating. Acknowledging the issue and reaching out for support are the most critical steps toward regaining control.
