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Sports Betting Bankruptcies & Who Gets the Engagement Ring?

Bloomberg Law

CHAPTER

Betting on Bankruptcy

This chapter examines the surge in online sports betting and its alarming link to rising consumer bankruptcies. It discusses insights from bankruptcy attorneys on the financial struggles faced by gamblers, particularly young men, and how multiple small bets contribute to overwhelming debt. The chapter also explores strategies employed by lawyers to navigate the complexities of discharging gambling debts in bankruptcy while addressing potential scrutiny from creditors.

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