Ever since the Supreme Court’s 2018 decision to allow states to legalize sports betting, online gambling has exploded — and with it, concerns about the impact on consumers.

A recent study by the University of California San Diego finds the legalization of online gambling enhances state revenues, but it also leads to more irresponsible betting, especially by lower-income consumers.

Of the 700,000 gamblers studied, 96% lost money in gambling.

Another study by California researchers found in states with online gambling, the likelihood of filing for bankruptcy increases by up to 30% after three to four years.

Read more at Scripps News