How Sports Betting Is Taking Over Young Mens' Time, And Finances

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How Sports Betting Is Taking Over Young Mens' Time, And Finances

//business-finance.news-articles.net/content/202 .. is-taking-over-young-mens-time-and-finances.html

Published in Business and Finance on Saturday, May 17th 2025 at 9:00 GMT by Investopedia
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Since the legalization of sports betting in 2018, Americansâ€”especially young menâ€”have devoted an increasing amount of time and money to gambling, often sacrificing their financial health and other life priorities to do so, according to a series of studies.

The article from Investopedia discusses the growing trend of sports betting among young men, particularly those aged 18 to 34, and its impact on their time and finances. It highlights that the accessibility of online betting platforms and the legalization of sports betting in many U.S. states have contributed to this surge. The article cites a survey indicating that young men are spending significant amounts of time and money on betting, with many dedicating over 10 hours a week and spending upwards of $100 monthly. This has led to concerns about the potential for gambling addiction, financial strain, and the influence of aggressive marketing by betting companies. The piece also touches on the social aspect, noting that betting has become a way for young men to engage with sports and friends, further fueling its popularity.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/how-sports-betting-is-taking-over-young-mens-time-and-finances-8788230 ]