We also test for evidence of pre-trends between treated/control states and find none. … Second, several measures of excessive debt increase substantially. We find a roughly 28% increase in bankruptcies and an 8% increase in debt transferred to debt collectors. Similarly, auto loan delinquencies increase substantially as does use of debt consolidation loans. Interestingly, we find that banks restrict access to credit on average in affected states. Credit card limits decrease and the ratio of secured to unsecured loans increases. After three years post-legalization we actually find a decrease in credit card delinquencies as a result.

https://www.maximum-progress.com/p/should-sports-betting-be-banned

The negative effects on investment are large relative to the sample mean. The average household invests about $380 a quarter so a $53 decrease in investment is a loss of 14%. These negative effects are concentrated among the top few percentiles of bettors and especially the biggest bettors who were already financially constrained by low incomes, debt, and bank overdrafts.

and it even probably increases domestic violence:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4938642

not sure what can be done about it at this point. allowing gambling on phones is a disaster for the prole brain.

(http://www.autoadmit.com/thread.php?thread_id=5634831&forum_id=2Reputation#48341952)

Wait, wait, wait. The average household invests $380 a quarter? As in $1,520 a year? That's too low to be credible, this paper must be flawed somehow

(http://www.autoadmit.com/thread.php?thread_id=5634831&forum_id=2Reputation#48341963)

didn't read so idk what the selection population for that is, but if it's everyone, consider that a huge percentage of households invest $0

this estimate might even be high

(http://www.autoadmit.com/thread.php?thread_id=5634831&forum_id=2Reputation#48341971)

https://apnews.com/article/sports-betting-brazil-crisis-e199e0ef30228c15fd25820b1a69a900#:~:text=Brazil's%20economy%20ministry%20estimates%20that,year%20of%20the%20pandemic%2C%202020.

(http://www.autoadmit.com/thread.php?thread_id=5634831&forum_id=2Reputation#48341973)

The industry pushes parlays that never win…that will turn off casuals who like to win, even if it’s a small amount. And on the off chance you make smart bets and actually win a lot, the books can and do throttle your action, which pisses off the more “sharp” segment of the market.

(http://www.autoadmit.com/thread.php?thread_id=5634831&forum_id=2Reputation#48342495)

If you pass an IQ test you should be able to gamble but we can't do that because of the heckin racismerino so just ban it all

(http://www.autoadmit.com/thread.php?thread_id=5634831&forum_id=2Reputation#48342530)