Sports Betting Is Leading to More Bankruptcies

In 2018, the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act, setting into place an environment that allowed for the widespread legalization of sports betting.

From 2018 to the present, 38 states legalized sports gambling — allowing for the rise of betting platforms that allow people to legally participate from the comfort of their homes with the use of online platforms. No longer would casinos or state lotteries be the main forms of legal gambling.

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