Yes, it does. Only Sith deal in absolutes. You can say the same about, let's say alcohol. For most it's an entertaining social lubricant. For a much smaller number, it leads them to wreck and ruin. Is it therefore a wicked evil sin that no God-fearing person should engage in, and I'm going to ban it to protect the morality of society?
The USA tried that out with Prohibition, and only after years of misery and gangsters taking up power did they realise their mistake. Moral absolutism doesn't work, problem management does.
Per the Gambling Commission in their call for evidence from a few years ago:
https://www.gov.uk/government/publications/review-of-the-gam...
> Gambling is a popular leisure pursuit in Britain. Last year, 47% of adults surveyed had taken part in at least one form of gambling in the previous four weeks [...] Gambling can be entertaining and sociable, and enhance enjoyment of other activities, and the vast majority of gamblers take part without suffering even low levels of harm. [...]
> However, gambling does come with risks, and problem gambling can ruin lives, wreck families, and damage communities [...] approximately 0.5% of the adult population are problem gamblers [...] this rate has remained broadly steady around or below 1% for the past 20 years and now equates to about 300,000 individuals whose gambling is also likely to cause harm to those around them
> This Review seeks to ensure that people can continue to gamble but that the legislation and regulation we have in place addresses as many factors as possible to give the necessary safeguards [...]
Evidence tells you plainly that different forms of gambling are not equal, and don't have the same power to trigger problem gambling in individuals. Coin pushers at seaside amusement parks with a maximum "bet" of 10p are not in the same league as fixed-odds roulette in a run-down high street with a £100 maximum bet. Lootboxes have some level of risk of causing harm, but not that level of risk.