(InvestigateTV) — A recent NerdWallet survey on sports betting found that in 2024, people said they spent an average of $3,284 dollars on gambling.
Elizabeth Ayoola, a personal finance writer at NerdWallet, said the survey also found 65% of participants reported doing this to make extra money.
A lot of people indicated they love to gamble. Ayoola cautioned that if gambling is a frequent activity, it should be factored into a budget to prevent financial strain.
“At NerdWallet we suggest the 50, 30, 20 budget, which is that 50% of your income goes to needs, 30% to wants and then 20% to debt and savings,” Ayoola said. “So, ideally, the gambling money should come out of that 30% bucket which is your wants in spending.”
Before deciding…
