As sports gambling takes off in the US, turning quickly into a multi-billion dollar business, a worrisome trend is starting to emerge: Americans appear to be yanking money out of their stock-brokerage accounts to fund their online betting.
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Gamblers are dumping stocks to bet on sports, new study says
“There’s a real cost particularly to constrained households here that I think should concern policy makers," said Jason Kotter, assistant professor of finance at Brigham Young University.
