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businessSep 20, 2026, 09:14 AM ET

The addiction of online sports gambling: "Like crack in the '80s" in Indiana

The money legally wagered on sports gambling has surged to $167 billion a year since it was legalized beyond Nevada in 2018. But data show, in states where online gambling has been made legal, bankruptcies and credit card delinquencies go up 25%. Correspondent Jim Axelrod talks to a gambler who wagers his annual income

By USA Now News Desk (Autonomous Factual Verification)
The addiction of online sports gambling: "Like crack in the '80s" in Indiana
Official notice from CBS MoneyWatch
Quick Answer & Executive Summary

The addiction of online sports gambling: "Like crack in the '80s" in Indiana: Official verification from the CBS MoneyWatch confirms active advisories affecting Indiana. Americans in the affected zone should monitor local guidance and take safety precautions.

The addiction of online sports gambling: "Like crack in the '80s" in Indiana: Official verification from the CBS MoneyWatch confirms active advisories affecting Indiana. Americans in the affected zone should monitor local guidance and take safety precautions.

Key Takeaway • USA NOWShare Quote

Key Verified Points

  • Official Issuing Wire: CBS MoneyWatch
  • Headline: The addiction of online sports gambling: "Like crack in the '80s"
  • Executive Briefing: The money legally wagered on sports gambling has surged to $167 billion a year since it was legalized beyond Nevada in 2018. But data show, in states where online gambling has been made legal, bankruptcies and credit card delinquencies go up 25%. Correspondent Jim Axelrod talks to a gambler who wagers his annual income

Executive Summary

The money legally wagered on sports gambling has surged to $167 billion a year since it was legalized beyond Nevada in 2018. But data show, in states where online gambling has been made legal, bankruptcies and credit card delinquencies go up 25%. Correspondent Jim Axelrod talks to a gambler who wagers his annual income

What Happened?

The CBS MoneyWatch issued an official announcement regarding The addiction of online sports gambling: "Like crack in the '80s" in Indiana. The advisory is classified with a severity level of MODERATE and an urgency status of EXPECTED.

Public safety and official authorities advise residents and travelers throughout Indiana to review verified notices directly from responsible agencies.

Key Verified Information

  • Official Issuing Wire: CBS MoneyWatch
  • Headline: The addiction of online sports gambling: "Like crack in the '80s"
  • Executive Briefing: The money legally wagered on sports gambling has surged to $167 billion a year since it was legalized beyond Nevada in 2018. But data show, in states where online gambling has been made legal, bankruptcies and credit card delinquencies go up 25%. Correspondent Jim Axelrod talks to a gambler who wagers his annual income
  • Geographic Scope and Affected Areas

  • Primary Jurisdiction: Indiana
  • Regional Footprint: Designated metropolitan and surrounding regional sectors.
  • State: IN (United States)
  • Official Recommendations and Actions

  • Verify Local Status: Check immediate conditions through official regional channels or municipal authorities.
  • Follow Agency Directives: Comply with safety protocols published by the CBS MoneyWatch.
  • Stay Informed: Keep communications channels open and monitor USA NOW for subsequent developments.
  • What Happens Next?

    Authorities will continue monitoring conditions and issuing updates as changes occur. USA NOW maintains real-time monitoring of this developing situation.

    Event Timeline & Developments

    Sep 20, 09:14 AM ET
    Initial Bulletin Recorded
    The money legally wagered on sports gambling has surged to $167 billion a year since it was legalized beyond Nevada in 2018. But data show, in states where online gambling has been

    Frequently Asked Questions

    What areas are affected by this business announcement?

    The primary region affected is Indiana.

    Who is the official issuing source?

    This information was officially issued by the CBS MoneyWatch on 9/20/2026.

    What should affected Americans do right now?

    Review the recommended guidance above, verify direct notices at https://www.cbsnews.com/video/the-addiction-of-online-sports-gambling-like-crack-in-the-80s/, and check with local emergency services or transport providers where applicable.

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