Federal Reserve Bank of New York

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Credit delinquencies soar among younger sports bettors in America
business Mar 31, 2026, 2:00 AM
Credit delinquencies soar among younger sports bettors in America
  • In 2018, the Supreme Court's ruling led to the legalization of sports betting, which saw credit delinquencies increase by 10%.
  • The highest delinquency rates were noted among sports bettors under 40, surging by 26% due to rising sports gambling popularity.
  • The substantial financial risks associated with sports betting highlight the vulnerabilities faced by millennials and Gen Z, necessitating increased awareness and financial education.
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