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Gambling addiction hotline

What are loot boxes? FTC will investigate $30B video game industry

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Gambling addiction hotline byers

Postby Mijas В» 08.08.2019

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The commission's chairman, Joe Simons, said during a congressional oversight hearing on Tuesday that the regulator would look into the in-game loot boxes, a response that came after Sen.

Maggie Hassan, D-N. Most loot boxes contain common items, but some offer rare and valuable digital goods — some of which can then be sold on secondary markets for real money.

Loot boxes are now a common part of major video games and gaming culture. The U. Gambling Commission published a report last week that three in 10 children had opened a loot box in a video game.

It was the highest rate of participation in gambling-style activities online by an almost 20 percent margin. A brief search on YouTube turns up thousands of videos of people opening loot boxes and discussing their contents — including younger gamers. In the video below, a young gamer opens loot boxes. Overwatch is rated by the ESRB to for teens ages 13 and up. As loot boxes have become more common in video games, consumer advocacy groups and academics have found troubling patterns among some gamers.

The video game industry is the new tobacco industry. How many times can prominent industry members say there is no link between gambling addiction and loot boxes? And just like tobacco ads from decades ago, a majority are targeted at kids. Loot boxes have also received pushback from within the gaming community. After widespread backlash, Electronic Arts removed the ability to purchase loot boxes entirely.

After the community criticism of Electronic Arts, politicians began to take notice. Politicians outside the U. Belgium and the Netherlands passed laws in April banning loot boxes entirely, labeling them as gambling. The ESRB issued a statement to online video game media outlet Kotaku last year, pushing back on the characterization of loot boxes as gambling.

The ESRB was established by the trade association of the video games industry and is a self-regulatory organization. Editors note: If you are looking for help, please call the National Council on Problem Gambling hotline at News Business World Sports. Sections U. Follow NBC News. Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. Byers Market Newsletter. Get breaking news and insider analysis on the rapidly changing world of media and technology right to your inbox.

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