Legal Sports-Betting Comes at the Expense of Stock Investments: Study

• A new academic study said people are diverting stock investments into legal gambling.
• The researchers founded that household investments are reduced by roughly $2 for ever dollar wagered.
• This has had a disproportionately negative effect on lower-income households, the study found.

The surging popularity of legal sports betting has been met with fanfare from American consumers. But a new working study finds its rise is coming at