$3.3 Billion on March Madness. The Fed Wants to Talk About What Happens Next.

NY Fed sports betting study infographic. Credit delinquencies among bettors up 10%. March Madness 2026 handle $3.3 billion. Bankruptcy risk up 10% in online betting states. Debt collections up 8%. Credit scores down 0.8 points. 70% of sportsbook profits from less than 1% of users. Sharpest declines among people under 40.

$3.3 Billion on March Madness. The Fed Wants to Talk About What Happens Next. Americans legally wagered an estimated $3.3 billion on the 2026 NCAA Tournament, according to the American Gaming Association. That figure is up more than 50% over the past three years. Michigan’s championship run, UConn’s miracle comeback against Duke, and three weeks … Read more