After the legalization of sports betting in the U.S., credit delinquency rates rose by 0.3% overall, but increased by 10% among sports bettors. The New York Fed's analysis indicates that millennials and Gen Z are most affected, with delinquency rates among those under 40 reaching 26%. The surge in sports betting participation has led to significant financial implications, with commercial gaming revenue hitting a record $78.7 billion in 2025. Nearly half of men aged 18 to 49 have online sportsbook accounts, highlighting the demographic's vulnerability.
"Our findings suggest that sports betting can have dramatic implications for household financial stability. The increase in delinquency rates among bettors indicates a concerning trend that could affect their financial health."
"Since the Supreme Court's decision in 2018, participation in sports betting has exploded, with Americans wagering over $520 billion. This rapid growth has coincided with rising delinquency rates, particularly among younger demographics."
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