Case Study: Sam
Sam started gambling at a young age. When he finished school, Sam went on to study law at university and got a part-time job. He spent most of his earnings of around $800 a fortnight on gambling, most of it on-line.
When he was 20, Sam lost his employment during the COVID-19 pandemic. However, he continued to gamble, linking his grandfather’s savings account to his online gambling profile. Over the next three weeks, instead of placing his usual bets of $2 to $5 per race, he increased his betting to between $100 and $200 per race. He spent time gambling instead of studying. One evening, the funds ran out. Sam had lost $16,000 of his grandfather’s money.
Sam panicked and accessed his father’s online bank account. He transferred $5000 to his gaming account and tried to win back the losses. Instead, he lost all of the money in the space of an hour. Sam accessed his father’s account again transferring another $5000, which he also lost in less than an hour.
At this point, Sam told his father what had happened. His gambling addiction had led him to engage in fraud and steal $26,000 from his family.
Sam contacted a financial counsellor, who helped him start getting back on track. His situation was complicated by a fraud investigation launched by his father’s bank and the online gambling provider threatened to report Sam’s behaviour to the authorities if the $6000 he owed was not paid in full. The financial counsellor helped Sam to access his superannuation under the COVID-19 provisions and Sam’s mother paid the remainder of the debt to the gaming provider.
Facing risk of prosecution for fraud, Sam accessed legal advice, found work and is gradually paying back the money he owes. He is also receiving counselling from Gamblers Help for his gambling addiction. He has moved interstate.
However, as a result of gambling, Sam has lost his relationship with his family, has reduced his lifetime savings and no longer has a future as a lawyer.