AI Summary

A new Bank of America Institute study finds that about 20 % of Americans describe sports betting as an investment, and the proportion is roughly double among Gen Z respondents. Despite treating it like a financial strategy, the research notes that these bettors are far from achieving break‑even results. The survey also reveals that people across all age groups view prediction‑market contracts as even more investment‑like than traditional sports wagers. This shift suggests a growing perception of gambling as a supplemental financial plan rather than mere recreation.

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