Sports betting increasingly the norm for Gen Z; why financial and mental health risks

 

• Since the rise of online sportsbooks and now the introduction of prediction markets, Gen Z is increasingly wagering on sports outcomes.
• But surveys show some members of the generation view the bets as investments, despite the fact that users on average lose money on these platforms.
• Those who bet and lose the most are at greater risk for developing gambling problems, which clinicians anecdotally report are increasing among young people.
• https://www.cnbc.com/2026/10/04/gen-z-sports-betting-financial-and-mental-health-risks.html