Sports Betting Puts Fans—and Sports—at Risk

Source Summary
March Madness has just wrapped up, and with it, the annual frenzy of fans placing their bets across the 67 matchups of the tournament. Ahead of the tournament, Intuit Credit Karma commissioned a study to shed light on the addictive nature of sports betting. The report highlights just how financially-compromising and mentally-draining the landscape has become.
With mobile apps that make it incredibly easy to place bets, and digital sportsbooks pumping billions of dollars into marketing, millions of Americans have been sucked into the phenomenon, with many facing significant losses. Nearly a quarter of the people surveyed (1,000 respondents engaged in sports betting) admitted to being addicts, and 48% experienced some kind of mental health issue as a result of their betting habits. The most at risk population? Gen Z, of which 37% of respondents reported being addicted.