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When legal sports betting surges, so do Americans' financial problems

As online betting has grown in popularity, a new report from the New York Federal Reserve builds on the troubling link between legal sports wagering and financial health.

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When legal sports betting surges, so do Americans' financial problems

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Advertisements for sports betting apps are seen in downtown Kansas City, Mo., in November.

As online betting has grown in popularity, a new report from the New York Federal Reserve builds on the troubling link between legal sports wagering and financial health.

(Image credit: Charlie Riedel)