Lower credit scores, increased bankruptcies, more debt sent to collections, and more incidents of domestic violence tied to local team losses.
That’s what Minnesotans would be inviting if the Legislature legalizes sports betting, according to authors of recent studies on wagers, who appeared at a hearing of the Senate Finance committee Wednesday.
In 2018, a Supreme Court ruling repealed a law that had long banned sports betting nationwide, except in Nevada. Since then, 38 states and the District of Columbia have legalized the sports wagers, and a growing number of consumers are placing bets using mobile apps.
The researchers described a host of negative outcomes in states that have legalized sports betting in recent years.
