"Our findings suggest that sports betting can have dramatic implications for household financial stability. The increase in delinquency rates among bettors indicates a concerning trend that could affect their financial health."
"Since the Supreme Court's decision in 2018, participation in sports betting has exploded, with Americans wagering over $520 billion. This rapid growth has coincided with rising delinquency rates, particularly among younger demographics."
After the legalization of sports betting in the U.S., credit delinquency rates rose by 0.3% overall, but increased by 10% among sports bettors. The New York Fed's analysis indicates that millennials and Gen Z are most affected, with delinquency rates among those under 40 reaching 26%. The surge in sports betting participation has led to significant financial implications, with commercial gaming revenue hitting a record $78.7 billion in 2025. Nearly half of men aged 18 to 49 have online sportsbook accounts, highlighting the demographic's vulnerability.
Read at Fortune
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