University of Nebraska Study Links Online Sports Betting to Financial Harm Beyond Discretionary Spend
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A new study from the University of Nebraska finds that online sports bettors are risking not just entertainment dollars but their long-term financial stability. Justin Balthrop, an assistant professor of finance at the school’s Lincoln campus, says researchers determined that when an individual signs up for an online sports betting account, their participation can reduce savings and retirement accounts. “Online sports betting does more than compete for consumers’ entertainment dollars,” said Balthrop.
Also reported by Focus Gaming News, KETV, Nebraska Today, NBC Sports and 1 more.
Source: Casino.org
