The household carries $150,000 in gambling debt against $68,000 current income, creating a 3:1 debt-to-income ratio before secured debt. Combined income of $160,000+ would enable $4,000-$5,000 monthly ...

Gambling debt scandals are cautionary tales, often in the worst way possible. They show how quickly addiction can derail lives and erase fortunes, not to mention break up families and ruin ...

The online sports betting boom is pushing some Gen Z and young millennial gamblers into bankruptcy. Consumer bankruptcy attorneys told Business Insider that over the past year or so, they've seen a ...

Christopher from Denver fell into a familiar trap: the allure of online crypto casinos. With just a few months of blackjack play, he racked up tens of thousands in credit card debt — and even more in ...

A man recently jumped from a cruise ship to avoid paying $16,000 in gambling debts. This is just one example of the lengths that people will go in order to avoid paying up. It doesn’t matter if you ...

The spread of online betting stemming from the COVID-19 pandemic has created a wave of young gambling addicts who are at risk of committing crimes to pay off their debts, a nonprofit organization said ...

A growing debt crisis among young people in Enschede has prompted politician Meryam Sümer of the CDA to raise the minimum legal gambling age.