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The growing adoption of internet-based gambling amongst users is creating adverse effects on mental health. The increasing addiction towards the easily available internet-based gambling platforms challenges the user to maintain mental balance. Owing to this addiction, the number of suicide cases has been increasing year on year. On observing the growing cases of increasing betting debts in 2020, the Tamil Nadu State Government banned gambling websites. The other addictive gambling effects are pathological gambling, also known as compulsive gambling. The long-term effects of this kind of gambling might trigger chronic stress and hypertension issues.

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Morgan Stanley Smith Barney LLC does not provide tax advice, and you should always consult your own tax advisor regarding your personal circumstances before taking any action that may have tax consequences.

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