A new study recently revealed that the rapid growth of online sports betting in the United States is disproportionately affecting financially constrained households.
The research highlights the adverse effects of this booming industry on low-income Americans.
NBC News reports that online sports betting has skyrocketed from an average of $1.1 billion per month in 2019 to $14 billion by January 2024.
This surge has contributed to rising credit card debt, declining credit scores, and reduced long-term investments among Americans.
Since the Supreme Court’s 2018 decision to overturn the federal ban on sports gambling, 38 states have legalised and launched sportsbooks, with over $120 billion wagered and $11 billion in…
