New Study Shows ‘Far-Reaching’ Financial Pain of Sports Gambling

Six years out from the widespread legalization and acceptance of sports betting in the United States, the sports world has been plagued over and over by scandals. A wave has hit in 2024, from Shohei Ohtani’s interpreter to Jontay Porter to most recently, the Notre Dame men’s swimming team. Now, a new study by researchers at BYU, Kansas, and Northwestern is linking sports betting with long-term negative financial consequences for gamblers.