Anonymousabout 8 hours ago
Since the Supreme Court struck down PASPA in 2018, legal sports betting has expanded to 39 states and generated over $157 billion in annual wagers, but a growing body of research — including a March 2026 Federal Reserve Bank of New York study — links legalization to rising credit card delinquencies, declining credit scores, and increased bankruptcy filings, particularly among young men and lower-income communities. The findings have intensified debate over whether states are collecting billions in tax revenue while spending only pennies per capita on treating the gambling-related harm that revenue depends on.