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Online sports betting is leading some young Americans into massive amounts of debt.
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Consumer bankruptcy attorneys say they’ve seen a surge of young clients with gambling-related debt.
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“They’re betting hundreds of dollars per hour, and not really knowing it,” one attorney said.
The online sports betting boom is pushing some Gen Z and young millennial gamblers into bankruptcy.
Consumer bankruptcy attorneys told Business Insider that over the past year or so, they’ve seen a surge of young clients — mostly men in their 20s and 30s — running into financial trouble largely due to online gambling.
In many cases, those clients have racked up tens of thousands of dollars in credit card debt by placing bets on online…