A recent study from the Federal Reserve highlights the concerning rise in credit card delinquencies among millennials and Gen Z, heavily attributed to the growing trend of sports betting, even in states where it remains illegal. As Americans engage in massive betting activities during events like March Madness, their financial struggles have become more pronounced, with mobile sports betting apps exacerbating issues for borrowers. The study underscores the risks associated with online sports betting, pointing out that individuals may face more than just financial losses; there are significant implications for their credit scores and overall financial health.