Jason Kelce says he lost 'all my money' in New Orleans at Super Bowl LIX — here's what happened and what you can learn

Yahoo

02-03-2025

Travis Kelce, along with the Kansas City Chiefs, suffered a crushing loss at Super Bowl LIX after being obliterated 40-22 by the Philadelphia Eagles. But his brother, Jason, also turned out to be a loser over the course of that eventful weekend.
The retired NFLer revealed that he lost "all my money" gambling while in Louisiana, New Orleans, for the big game Feb. 9.
I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast)
A near-record number of Americans are grappling with $1,000 car payments and many drivers can't keep up. Here are 3 ways to stay ahead
Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes
"Casino's right next door, and because I won so much money last year at Las Vegas [at the Super Bowl], I thought, 'You know, hey, we'll just keep this rolling, this will be great,''' he recalled during an episode of the "New Heights" podcast he hosts along with Travis.
But the magic didn't work this time. He described one point while playing craps as being "a bigger bloodbath than the game."
Jason failed to take his own advice before hitting the tables.
"I don't normally go to the casino," he said. "It's just like handing them money."
Fortunately for Jason, after earning $80-plus million over 13 years as a player, plus finding lucrative work as a podcaster and TV commentator after football, he likely can absorb the loss.
About 85% of U.S. adults have gambled at least once in their lives, according to the National Council on Problem Gambling (NCPG), while 60% having gambled within the past year. And with at least some form of legalized gambling — including state-run lotteries — available in every state but Hawaii and Utah, it's easy enough for Americans to get access to it.
The problem, though, is that gambling can lead to serious financial losses. The NCPG estimates that problem gambling costs Americans $14 billion per year in the form of gambling-related criminal justice and health-care spending, job loss, bankruptcy and other consequences. Even one-off gambling events can have serious consequences, such as what happened to Jason.
Part of the trap he fell into may have been due to a cognitive bias known as the availability heuristic. It's a bias that has people making decisions based on information that's easily available or top of mind as opposed to data or hard facts.
Jason indicated he went on a winning streak at the previous year's Super Bowl. He relied on a previously positive outcome to guide his decision-making at this year's event instead of looking at the facts, which dictate that over time, you're more likely to lose money at a casino rather than win.
Read more: Home prices in America could fly through the roof in 2025 — here's the big reason why and how to take full advantage (with as little as $10)
Jason isn't the only celebrity to lose a large amount of money gambling. Actor Charlie Sheen had a well-publicized gambling problem, and hip hop artist Drake has been known to bet hundreds of thousands of dollars on sporting events
One of the problems with gambling is that it can start as a social activity and turn dark quickly. It can be hard to say no when friends invite you to a casino to celebrate a birthday or bachelor party. But even a single night of gambling could have serious financial consequences.
To that end, one thing you may want to do is only bring cash with you to a casino. Decide how much money you can lose without it being painful, and bring that exact amount with you. Leave your credit and debit cards at home to avoid the temptation to gamble more or "win back" your losses.
Another option, of course, is to just say no to gambling altogether if it's something you're not comfortable doing. It's okay to opt out of social situations that aren't within your comfort zone.
It's also important to recognize when you or someone you love has a problem with gambling. The NCPG says that an estimated 2.5 million U.S. adults meet the criteria for a severe gambling problem in a given year. Another 5 to 8 million meet the criteria for mild or moderate gambling problems. But even a "mild" problem could upend your finances.
As a starting point, if you feel an intervention is needed, you can call 1-800-GAMBLER to get connected with help in your area. You can also look into local counseling centers that focus on gambling addictions.
Jamie Dimon issues a warning about the US stock market — says prices are 'kind of inflated.' Crashproof your portfolio with these 3 rock-solid strategies
'I like this stuff': Self-made $500M mogul and YouTuber reveals his 'essential' US portfolio that he says Amazon 'can't hurt' — here's his secret formula and how you can copy it in 2025
Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.