Those who are desperate to recoup their losses might place ever-riskier wagers or commit crimes like theft or fraud to finance their gambling addictions. Compulsive gambling haspoker a23 major negative effects on mental health in addition to financial results. Many people who battle this addiction struggle with feelings of shame and guilt about their actions, which leads to elevated anxiety and depression levels. In severe situations, the never-ending cycle of winning and losing can cause emotional upheaval and even suicidal thoughts.