The Super Bowl marks a peak in sports betting activity, contributing to a booming industry that generated $13.7 billion in the U.S. in 2024 alone. However, a recent study by Intuit Credit Karma reveals significant negative impacts of this growth, particularly for younger individuals. Findings indicate that 23% of sports bettors struggle with addiction, and many report financial troubles and mental health issues as a result of their betting activities. The study raises flags about the need for responsible gambling practices amidst the industry's rapid expansion.
Intuit Credit Karma's study indicates that nearly a quarter of active sports bettors experience addiction, with significant consequences including financial distress and mental health issues.
Courtney Alev points out that while many engage in betting responsibly, it can lead to serious problems, emphasizing the need for awareness about the potential dangers.
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