Growth of sports betting may be linked to financial woes, new studies find ...Middle East

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Growth of sports betting may be linked to financial woes, new studies find
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Fans walk past a BetMGM sign featuring Wayne Gretzky prior to an NHL hockey game at Madison Square Garden in November 2023 in New York City. As sports betting proliferates, researchers are beginning to calculate the costs on American households. (Bruce Bennett/Getty Images)While states have cheered the new tax revenue from sports gambling, some new studies have linked the burgeoning industry to lower consumer credit scores, higher credit card debt and less household savings. With access on their cellphones, gamblers can bet more often and easily than in traditional casinos, heightening concerns about problem gambling and the financial fallout for sports fans. The rate of gambling problems am

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