A new research paper suggests legalized sports betting may be putting added pressure on some household grocery budgets. The finding carries particular weight in the New York market, the nation’s top sports-betting tax revenue generator.
For players, the takeaway is less about a single platform and more about the broader financial risks of frequent wagering.
The National Bureau of Economic Research published the paper: Wagering the Bread Money: Sports Betting Legalization and Food Sufficiency. It arrives as legal betting remains widely available across the US and as New York holds its place at the center of the market’s growth.
The paper found a correlation between sports betting legalization and lower food sufficiency.
