Reported about 2 months ago
A new study reveals that an increasing number of sports bettors are tapping into their brokerage accounts to fund their gambling habits, often withdrawing twice as much as they invest in sports betting. BYU finance professor Jason Kotter highlights that this trend could severely impact long-term savings, particularly for financially constrained households. He notes that the trend is widespread across various brokerage platforms including Robinhood and Vanguard.
Source: YAHOO