New York Fed Flags Sports Betting as a Growing Risk to US Consumer Credit Health
By Andrew Moran
Published on March 27, 2026.
The increase in sports betting in the US is causing concern for consumers' credit health and delinquencies, according to economists from the Federal Reserve Bank of New York. The increase in delinquency is driven by individuals under 40 years old. The surge in gambling has led to a surge in interest in the sports industry, with nearly $167 billion in bets in the past year.
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