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Online sports betting boosted bankruptcies debt collections: study

Online sports betting boosted bankruptcies debt collections: study

Online sports betting is increasing consumer stress as access to gambling proliferates, a new study found. 

A US Supreme Court ruling in 2018 led to 38 states legalizing sports gambling. In its wake, researchers found a “substantial increase” in auto loan delinquencies, bankruptcies and debt collections in states that permitted online sports betting, according to the working paper that is yet to be peer reviewed. 

“While many states may have opted for legalization with the…

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