March 18, 2024
WJAR recently published an article featuring Jay Zagorsky, Clinical Associate Professor of Markets, Public Policy, and Law, discussing the rising popularity of sports betting in New England.
As sports betting continues to rise in popularity, its influence on personal finances grows as well. In Rhode Island alone, individuals placed bets totaling half a billion dollars, both in person and online. While the legalization of sports betting brings in additional revenue for states, it also brings to light concerning trends.
To ensure people are thinking clearly before betting, experts have provided recommendations for politicians.
“People who used to make bets had to make bets in cash, and by making bets in cash and getting payouts in cash, what does this do? It forces people to think a little bit,” Zagorsky adds.