Seefinish Insights Trends news knowledge Discovery

ReadR

ReadR

ReadR: Read and Share all content, headlines, news and trends results with Seefinish ReadR App.

Discover Content : Trends

Discover real-time trending topics, news headlines, twitter trends, google trends, hashtags, and content from different countries in the world.

Search Here

Navigation Tabs

Top Countries

Select Country:🌐

Worldwide 🌍 | Nigeria 🇳🇬 | South Africa 🇿🇦 | Kenya 🇰🇪 |Brazil 🇧🇷| Canada 🇨🇦 | United Kingdom 🇬🇧| United States 🇺🇸

See all other continents, locations, categories and associated headlines or trending informations here using

America:
Brazil 🇧🇷| Canada 🇨🇦 | United States 🇺🇸

Africa:
Algeria 🇩🇿 | Egypt 🇪🇬 | Ghana 🇬🇭 | Kenya 🇰🇪 |Morocco 🇲🇦| Nigeria 🇳🇬 | South Africa 🇿🇦 | Zambia 🇿🇲 |

Middle East:
| Israel 🇮🇱|kuwait 🇰🇼 |Saudi Arabia 🇸🇦 |Turkey 🇹🇷| Cyprus 🇨🇾 |

Europe:
Finland 🇫🇮|France 🇫🇷| Hungary 🇭🇺 |Germany 🇩🇪| Italy 🇮🇹 | Poland | Slovakia 🇸🇰 | Switzerland 🇨🇭 | Spain | United Kingdom 🇬🇧

Australia/Oceania: 🌐
Australia 🇦🇺|New Zealand 🇦🇺

Asia:
China 🇨🇳 | Japan 🇯🇵| India 🇮🇳| Malaysia 🇲🇾| Philippines 🇵🇭 | Singapore 🇸🇬 |Thailand 🇹🇭 |

Show more
Show less

Headline : States that legalized online sports betting saw bankruptcies and debt collections jump, study says

Read more from the original article on here at fortune.com.





Tags : #states #legalized #online #sports #betting #saw #bankruptcies #debt #collections #jump #study #says


No. of Paragraph 10

Online sports betting is increasing consumer stress as access to gambling proliferates, a new study found. 

A US Supreme Court ruling in 2018 led to 38 states legalizing sports gambling. In its wake, researchers found a “substantial increase” in auto loan delinquencies, bankruptcies and debt collections in states that permitted online sports betting, according to the working paper that is yet to be peer reviewed. 

“While many states may have opted for legalization with the hope of increasing tax revenue, the negative effect we document can partially offset tax revenue benefits as more consumers’ financial health deteriorates,” the authors led by Brett Hollenbeck, associate professor at University of California Los Angeles Anderson School of Management, wrote. The results were based on data from more than four million people in a range spanning between March 2016 and June 2023. 

The Federal Reserve’s actions to tamp down inflation has kept interest rates broadly higher, providing less wiggle room for consumers in general. The Fed is likely to signal next week its plans to cut rates in September, according to economists surveyed by Bloomberg News, a move they say will kick off reductions each quarter through 2025.  

Read more from the original article on here at fortune.com.


Related Headlines : States that legalized online sports betting saw bankruptcies and debt collections jump, study says (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.