University of Nebraska Study Says Online Gambling Reduces Household Savings
Photo: GamblingNews
Research led by Justin Balthrop , an assistant professor of finance at the University of Nebraska–Lincoln , found that legalizing online sports betting may lead households to reduce their savings and investments. University of Nebraska–Lincoln Conducted the Study The findings were recently published in the Journal of Financial Economics in a paper titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households.” Using financial transaction data from almost 184,000 US households , the study examined how the legalization of online sports betting across 26 states affected household investment decisions, spending patterns, and debt management.
Also reported by CDC Gaming.
Source: GamblingNews
