Federal Reserve Bank of New York Staff Reports: Federal Reserve Bank of New York: How Legal Sports Betting Crosses Borders, Hurting Credit and Creating Fiscal Imbalance (Explained)

This episode explores a Federal Reserve Bank of New York research paper on the economic effects of legalizing mobile sports betting. We unpack how betting and consumer credit distress can spill across state borders, impacting credit scores and delinquency rates, especially for younger individuals. Understand the fiscal asymmetry created for states that haven't legalized, bearing costs without the tax benefits, all explained in plain English. This episode explains a real academic paper in plain English for a general audience. Source paper: Sports Betting Across Borders: Spatial Spillovers - Federal Reserve Bank of New York Staff Reports https://doi.org/10.59576/sr.1184 Keywords: sports betting, consumer credit, spatial spillovers, financial stability, delinquency, state taxation