Sports Betting Linked to Higher Delinquency on Consumer Credit -- Market Talk

Dow Jones03-25 22:19

1019 ET - Legalized sports betting is tied to rising consumer credit delinquency, New York Fed researchers Daniel Mangrum and Jacob Goss write. In legal counties, delinquency rates climb by more than 0.5 percentage points three years after legalization, "representing a noticeable deterioration" from a baseline of 10.7%, they say. The impact hits young borrowers hardest: credit card delinquency for those under 40 jumps 1.02 percentage points. Residents of states where betting remains illegal travel to neighboring legal counties to wager. While legal states can offset the financial costs of delinquencies with increased tax revenue, neighboring illegal ones can't, in an incentive for legalization, the authors say. (paulo.trevisani@wsj.com; @ptrevisni)

(END) Dow Jones Newswires

March 25, 2026 10:19 ET (14:19 GMT)

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