ContactFaqAbout
Tips

More Americans View Sports Betting as an Investment—But at What Cost?

Nicholas Ricci
May 7, 2025
News

Tesla & Samsung Forge $16.5 Billion AI Chip Deal

Popular articles

Landmark Alert: A Supreme Court Petition Seeks to Reverse Same-Sex Marriage Rights

How Sneaker Brands Are Sneaking Around Tariffs Without Sacrificing Margins

Big Players Bet on Bitcoin: Institutional Demand Fuels Crypto Rally

AOL Finally Hangs Up the Modem: Dial-Up Internet Ends After 34 Years

UFC Lands Major Media Shift—Breaking the Pay-Per-View Mold

Ford’s $5B “Model T Moment”: Building the $30,000 EV Truck of Tomorrow

AI-Powered Meeting Note-Takers: The New Norm or a Privacy Concern?

The "Shut Up and Grind" Era in Tech Is Over—Here's What’s Replacing It

Las Vegas Faces a Tourism Slowdown—But Here’s the Real Story Behind It

Restaurants Lean Into Protein Power

Why Female CEOs Often Don’t Stick Around

Private Jet Flex: Why “Private-Jet Money” Isn’t Just Travel—it’s the Latest Status Symbol

U.S. Towns and Cities Are Paying Remote Workers to Relocate—Cash, Perks & Community Included

Alexa Levels Up: Introducing Alexa+ and Monetization on the Horizon

U.S. Services Sector Wobbles in July as Growth Slows and Costs Surge

Sweetgreen Waves Goodbye to Ripple Fries in New Cost-Saving Shift

Bed Bath & Beyond Returns as “Home” Brand—Small Stores, Big Nostalgia

Instagram’s New Map Feature Draws Sharp Privacy and Safety Backlash

New ‘Reciprocal’ Tariffs Shake Up Global Trade: Dozens of Countries Racing to Respond

Trump Opens 401(k) Plans to Alternative Investments: Private Equity, Real Estate & Crypto Now on the Table

Claire’s Rings Up Its Second Bankruptcy Filing in Seven Years

Disney Unveils Unified Disney+ & Hulu App for 2026 Launch

Apple Boosts U.S. Manufacturing with a New $100 Billion Commitment

Major Insurers Pull Back from Medicare Market Amid Rising Costs

The Middle-Class Squeeze: Why Everyday Families Are Feeling the Financial Strain

Growing Doubts Over Accuracy of U.S. Jobs Data Spark Debate

U.S. Stocks Climb as Investors Anticipate Possible Interest Rate Cuts

Taking the Pulse of the U.S. Economy: Signs of Strength and Ongoing Challenges

The Rise of Hard Tech: Why the Next Wave of Innovation Looks Different

Crypto Loan Startups Raise Fresh Regulatory Concerns

Chipotle Leverages AI to Hire 20,000 Workers Faster Than Ever

DOJ Launches Antitrust Probe Into Major Hospital Networks

Tesla & Samsung Forge $16.5 Billion AI Chip Deal

CEOs Embrace the “Gig Economy” Model

Spirit Airlines Plans Pilot Furloughs Amid Financial Strain

Neuralink Aims to Implant Brain Chips in 20,000 People

AI Supercharges Google Search — For Now

Wendy’s Revamps U.S. Leadership to Drive Growth

Uber’s “Women Preferences” Pilot Lets Female Riders and Drivers Match Up

Columbia Sportswear Accepts $200M Settlement Over Yield Concerns

U.S. Liquor Sales Take a Hit in Canada Amid Changing Consumer Trends

More Buyers Are Backing Out of Home Deals as Market Pressures Mount

Coca-Cola to Launch Cane Sugar Version in the U.S.

Microsoft Points to China in Major Government Email Breach

Office Snacks May Be a Perk of the Past

Target Faces Rough Patch as Sales and Strategy Stall

Astronomer CEO Resigns After Coldplay “Kiss Cam” Scandal

The GENIUS Act Becomes Law: U.S. Greenlights Stablecoin Regulation

Apple’s Big Bet: A Foldable iPhone on the Horizon

Atlanta’s Red-Hot Housing Market Starts to Cool

Navigating Late-Career Job Loss: A Guide to Recovery and Reinvention

Blackstone Bows Out of U.S. TikTok Buy-In

EU Gears Up for Retaliatory Tariffs as U.S. Threatens New Levies

Restaurants Roll Back Prices with Retro Deals

Fortune 100 Corporations Rein in Hybrid Work with Stricter Office Policies

FDA Reinstates Juul’s E‑Cigarettes on U.S. Shelves

Substack Nets $100M Series C, Embraces Ads to Boost Creator Tools

How One Man Helped Nearly 4,000 Laid-Off Gamers Get Hired

Mexico Sees $17K Chevys from China Fueling Sales Boom

Delta Launches Pilot to Let AI Tailor Flight Prices

Homebuilders Resort to Deep Cuts Amid Sliding Buyer Demand

Meta’s Top Leaders Settle Landmark $8 Billion Privacy Lawsuit

Norway's Tesla Enthusiasm Stands Strong Despite Europe’s Growing Criticism

The Rare Earths Supply Crunch is Driving a Comeback for Old Electronics

Homeowners Insurance Premiums Surge Nationwide: What You Need to Know

Homebuyers Finally React as Mortgage Rates Ease

Trump's "Big Beautiful Bill" Delivers Major Tax Cuts to the Wealthiest Americans

Trump's "Big Beautiful Bill" Slashes CFPB Funding: What It Means for Consumers

Fed Proposes Overhaul of Bank Ratings System to Ease Acquisition Restrictions

China's Deflation Deepens as Price Wars Escalate

Goldman Sachs Unveils “Devin” — An AI Engineer Joining the Ranks

Are Side Hustles Losing Their Luster? Exploring the Latest Trends

Women Take Charge with the 'Power Pause': Reclaiming Time for Self and Strategy

Moonvalley Launches “Clean” AI Tool for Ethical Filmmaking

Teen Roblox Developers Cash In: $3M Sale Sparks Creator Boom

Bosses Push for Full-Time Office Return, Employees Just Say No

Superman Soars with $122M U.S. Debut, Hits $217M Globally

Prime Day Sparks a 30% Surge in U.S. Online Spending

U.S. to Impose 30% Tariffs on EU and Mexico Imports Starting August 1

U.S. Confirms No Delay on New Tariff Deadline for Chinese Goods

Supreme Court Ruling Opens Door for Government Job Reductions

Intel to Cut Over 500 Jobs in Oregon Amid Strategic Restructuring

Amazon Prime Day Kicks Off Slower Than Expected Amid Shifting Consumer Trends

Texas Flood Disaster: Over 160 Still Missing as Search Efforts Intensify

Apple Challenges $580 Million EU Fine Over App Store Practices

Online Shopping Growth Hits a Wall as Consumer Habits Shift

TikTok Preps Major App Overhaul Amid U.S. Pressure to Sell

Deadly Flooding in Texas Leaves Dozens Dead or Missing

CoreWeave Bets Big on AI With $9 Billion Infrastructure Expansion

New U.S. Tariffs on Key Allies Signal Strategic Economic Shift

Why Losing a Job Later in Life Hits Harder

Severe Weather Disrupts Operations at Delta's Major Hubs

Apple's Formula 1 Film Speeds Ahead of the Competition

Trump Suggests TikTok Sale Could Be Back on the Table

The College Degree Advantage Is Shrinking in Today’s Job Market

America’s Factory Worker Shortage: Why 400,000 Jobs Are Still Unfilled

Americans Are Stashing More Cash—Here’s What It Means for the Economy

California Expands Film Tax Credit to $750 Million to Keep Hollywood Competitive

Starbucks Invites You to Stay: A Return to the “Third Place” Experience

Canada–EU Trade Talks Stalled as EU Aims for Deal by Early July

More Americans View Sports Betting as an Investment—But at What Cost?

Sports betting is no longer just a pastime for many Americans. A recent survey by NerdWallet reveals that 31% of sports bettors now consider gambling a form of investment, more than doubling from 14% the previous year .

This change in perception coincides with the rapid expansion of legalized sports betting across the U.S., now permitted in 38 states and Washington, D.C. . The American Gaming Association reports that legal sportsbooks handled nearly $150 billion in bets in 2024, marking a 23.6% increase from the previous year .

However, this trend has financial implications. An increasing number of individuals are going into debt to fund their betting habits, with some even liquidating stock portfolios to gamble . The allure of quick profits can lead to significant financial strain and mental health challenges.

How WorkPlay Can Help:

At WorkPlay, we understand the fine line between strategic financial decisions and risky behaviors. Our platform offers tools and resources to help you manage your finances responsibly, set achievable goals, and make informed choices.

Take Action Now:

Don't let the excitement of sports betting derail your financial well-being. Join WorkPlay today to gain access to personalized financial guidance and support.

‍