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Fortune
Fortune
Shae Lake

More than half of Gen Z investors have funneled cash into sports betting—but they're not coming close to breaking even

(Credit: Getty Images)

As online sports betting surges in popularity and visibility, many Gen Zers are treating what was once a casual pastime as an investment strategy.

Research from the Bank of America Institute found that one in five Americans view sports betting as an investment. Among Gen Z, that figure doubles to two in five.

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