:quality(90)/https%3A%2F%2Fcdn.12min.com%2Fbooks%2Fbooks_new_cover_experiment%2F62751_62751.original.png%3F1776606906)
The Bet That Broke the Budget
A new Federal Reserve study and research from UCLA, Harvard and USC confirm what many suspected: legalized sports betting is measurably eroding household financial health across the United States. Across the Atlantic, the UK is seeing record demand for gambling debt services. In this Radar 12min, you will learn what the data actually says, where the industry stands, who is being hit hardest, and what both supporters and critics of the expansion have to say.
Listen to the intro
Who it is for
Anyone who wants to understand how a half trillion dollar industry that barely existed before twenty eighteen is reshaping household finances in the US and Europe. If you bet on sports, know someone who does, or simply want to understand the forces driving rising consumer debt and falling credit scores in over thirty American states and across the UK, this Radar is for you. Also essential reading for anyone working in personal finance, credit, public policy, or financial regulation.
About the Author
Original content curated by 12min especially for you.
View author profileMore knowledge in less time
Listen to the key ideas
We offer various commission schemes from one-time payouts.
Find your next read
12Min is very popular among readers and lifelong learners.
Good Micropaths
12Min's browser-based app works for anyone.
Frequently Asked Questions
Everything you need to know about 12min
In the 12min App, we extract the best ideas and insights from the world's best-selling non-fiction books and organize them into unique, self-contained narrative summaries that can be consumed in audio and/or text in about 12 minutes!
You can download our app and start enjoying our library. If for any reason you are not satisfied with our platform, simply contact our support team ([email protected]) within 7 days of purchase and request a refund. You will receive everything you paid for, without questions or bureaucracy.
Yes, but the change will only apply from the next billing period. For example, if you decide to change your monthly subscription to an annual one, after confirming the change to the annual plan, the new plan will only be applied and charged after that month's billing anniversary.
12min Premium is a plan that guarantees you access to our entire library of 2500+ titles available in 3 languages (English, Spanish, and Portuguese) that you can read or listen to at any time through our app available for iOS, Android, and Computer. You can also read or listen to your favorite titles offline and challenge yourself with a quiz to help you retain the content at the end of each microbook.
Yes, if you decide not to renew your 12min subscription, you can cancel at any time and the next billing cycle will not occur.
Feel free to contact us at [email protected].