Gen Z sports betting raises financial and mental health concerns

Sports betting has become more common among Gen Z as online sportsbooks and prediction markets have expanded, according to recent surveys cited in the report. Researchers and clinicians say many young users now see wagering as part of the sports experience, and some even treat it like an investment. The article says a Betterment survey found 66% of Gen Z investors participate in sports betting, while a Bank of America Institute report found Gen Z accounted for nearly half of online betting activity in July. Experts warn that most users lose money on these platforms, and trying to recover losses can worsen financial strain. Mental health specialists say gambling problems can show up through missed school or work, strained relationships, and other signs of functional impairment. Colleges and treatment providers are being urged to address the issue more directly, while betting platforms continue to add age checks, spending limits, and other safeguards.