The Addiction of Online Sports Gambling: "Like Crack in the '80s" The rapid growth of online sports betting in the United States has been touted as a financial windfall, but beneath the surface lies a disturbing trend.
As Jim Axelrod's report highlights, the normalization of online betting has led to a significant spike in bankruptcies and credit card delinquencies – a 25% increase in states where this form of wagering is legal.
The parallels between the rise of online betting and the crack epidemic of the 1980s are striking.