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Pessimistic
Article CBS Money Watch

The addiction of online sports gambling: "Like crack in the '80s"

CBS Money Watch September 20, 2026 · 1:14 pm Read Original
Bearish -55.0
−100 Bearish 0 +100 Bullish

The money legally wagered on sports gambling has surged to $167 billion a year since it was legalized beyond Nevada in 2018. But data show, in states where online gambling has been made legal, bankruptcies and credit card delinquencies go up 25%. Correspondent Jim Axelrod talks to a gambler who wagers his annual income; and examines how the online betting platforms FanDuel and DraftKings – now the subjects of lawsuits regarding their design – interact with their customers.

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Article Info
Source CBS Money Watch
Published Sep 20, 2026 · 1:14 pm
Article ID bgy2lq0
Original URL Open source
Sentiment Signal
Bearish -55.0
−100Neutral+100
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