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New York sues Valve for 'letting children and adults illegally gamble' with loot boxes
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this post was submitted on 26 Feb 2026
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A good few years ago now, I watched as my two cousins, Steam voucher in hand (and he didn't even have a gaming PC btw), faffed about with one of those sites promoted by shady Youtubers.
Codes went in. Buttons were pressed. Glances were exchanged.
"Now what?" asked the younger one who's Steam voucher it was.
"Oh nothing," said the older one. "You lost."
I think it was only teenage emoism that stopped him bursting into tears right there.
He's an accountant now, so I assume he learned an important lesson about gambling that day.
Or it fully broke his spirit.....
Why not both?
I've never been a gambler because I've only ever lost. I'd say I'm down ~$30 in the last 30 years.
I'm not really a gambler either. I've been to the casino a few times in my 20s with friends, but either for one of their birthdays or they were celebrating something. I only ever brought like $50 to drink with and another $50 to play with, knowing full well the most enjoyment of that hundo I was getting was the beers.
I did however win exactly once. Turned my last $10 of the 50 into $900. And that was also the last time I ever gambled.
I did once have someone give me a roll of quarters and I walked out with $70. I figured the only reason I won was because it wasn't my money.
I mean, that's pretty sweet!
It's like me and lotto tickets. If I buy one, I lose every time. If someone buys me one I win either a free play or the value of the ticket....then lose on the free play
Gambling is pointless.
I enjoy low stakes gambling. I'll walk into a casino with $20-40 bucks for gambling, buy a few drinks, and see what I can get. If I win enough to break even and pay for the drinks, I came out on top. I'll throw 5 bucks down on a parlay during Football season once a month or so. Outside of that, I couldn't imagine the stress of higher stakes. I do it for fun and maybe turning 5 bucks into 30.
Not for the House. It's sort of their bread and butter.