Frau you were on the right track there, but The House of the Rising sun was actually a "Whore House" and the line "They call the rising sun.
And it's been the ruin of many a poor Boy,
and God I know I'm one." is meaning that he blew all his money at the Risining Sun and probably obtained that behaviour from his father, because this line ?My father was a gamblin' man.
Down in New Orleans." is either meaning he was actually gambling or he was also someone who went to the Rising Sun
Frau you were on the right track there, but The House of the Rising sun was actually a "Whore House" and the line "They call the rising sun. And it's been the ruin of many a poor Boy, and God I know I'm one." is meaning that he blew all his money at the Risining Sun and probably obtained that behaviour from his father, because this line ?My father was a gamblin' man. Down in New Orleans." is either meaning he was actually gambling or he was also someone who went to the Rising Sun