Strategists with Bank of America said in a note the marketing machine behind gambling products “amplify participation and translate into rising credit balances and increased loss severity for lenders.

Simulated sports betting is becoming a major iGaming category, combining AI-driven virtual events with traditional sportsbooks. Regulators are taking note.

COLUMBUS, Ohio -- If Ohio Gov. Mike DeWine could turn back time, he would not have signed the law that legalized sports betting in his state.

The ease of betting through a sportsbook app can lead gamblers to quickly accumulate losses without realizing the full extent of the damage done to their bank accounts, the analysts said.

Kansas City Chiefs star quarterback Patrick Mahomes discusses sports gambling and how much attention he pays to it.

Former NFL star Trent Green talked to Fox News Digital about the interest St. Louis residents have in bringing a new team to the city as Missouri gets set to open up sports betting.

The move follows a string of high-profile gambling cases that have raised questions about the integrity of competition in college and pro sports.

Last month, the NCAA Division I Board voted to delay a legislative change that would permit college athletes and athletic department staff to gamble on professional sports. The rule change, originally intended to go into effect on Nov. 1, was delayed to Nov. 22 after pushback from SEC commissioner Greg Sankey and other prominent voices.

While gambling scandals have rocked other sports leagues, Gary Bettman argues the NHL has stronger safeguards and is eyeing more oversight to keep betting issues in check.