Over the weekend, millions of Americans watched football. They cheered, they ate, and—more than ever—they gambled. The American Gaming Association expects $35 billion in bets to be placed on NFL games in 2024, about one-third more than last year’s total.
If you follow sports, gambling is everywhere. Ads for it are all over broadcasts; more than one in three Americans now bets on sports, according to a Seton Hall poll. Before 2018, sports gambling was prohibited almost everywhere. Now it’s legal in 38 states and the District of Columbia, yielding $10 billion a year in revenue.
States see big increases in the risk of overdrafting a bank account or maxing out a credit card. These effects are strongest among already precarious households.
If you follow sports, gambling is everywhere. Ads for it are all over broadcasts; more than one in three Americans now bets on sports, according to a Seton Hall poll. Before 2018, sports gambling was prohibited almost everywhere. Now it’s legal in 38 states and the District of Columbia, yielding $10 billion a year in revenue.
States see big increases in the risk of overdrafting a bank account or maxing out a credit card. These effects are strongest among already precarious households.