The Economic Impact of Sports Betting vs. Traditional Investments
Amina Gueye
Co-Presenters: Individual Presentation
College: College of Business and Public Management
Major: Finance
Faculty Research Mentor: Huaibing Yu
Abstract:
"This research explores the growing influence of sports betting on the economy and its financial viability compared to traditional investments. The industry has grown massively due to the legalization of sports betting in many regions, with great contributions to tax revenue, job creation, and increased consumer spending. However, questions remain about whether betting is a smart financial decision for individuals.It will analyze the economic impact of sports betting on the economy, such as contributing to the GDP and government revenues. It will also compare historical betting returns with stock market investment and assess which gives better financial gains. The research will also discuss the risks of betting, such as financial losses and gambling addiction, to decide whether more people should get into sports betting as a viable financial activity.After combining economic data and market research, this study will provide a perspective on whether sports betting is an economic booster or simply a financial risk for individuals/society."