CNBC Host Meredith Whitney has attributed the decline in the purchase of houses and men losing interest in having sex to sports betting. It seems the new craze among men is sports betting and the addiction is alarming.
Whitney stated, “The fastest-growing leisure spend is fantasy sports and online sports betting.”
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Drawing a connection between these trends and men’s romantic lives, Whitney cited Pew Research, noting that 63 percent of young men are single, the highest percentage ever recorded. Moreover, 50 percent of these young men reportedly have no interest in dating, even casually, and 30 percent claim to have abstained from sex for over a year without expressing concern.
Whitney suggested a correlation between the popularity of fantasy sports and online sports betting among young men and their disinterest in dating or engaging in sexual activities. She further commented on the prevalence of social media, with young women spending time capturing “Instagram moments” at events like Taylor Swift concerts.
Moreover, Whitney speculated that if Texas and California were to legalize sports betting, the issue could exacerbate due to the large populations of these states.
Whitney is of the view that the proliferation of sports betting apps has contributed to a decline in home purchases, a rise in rental trends, and a notable shift in young men’ dating and sexual preferences.
What do you think of Meredith Whitney’s take on sports betting?
Flip to the next page to watch Meredith Whitney speak on sports betting and the damage it’s causing to men…