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Financial Literacy and Gambling Behaviour: A Systematic Review
Fiona O'Connor1, Nicola Ivory2
1Charles Sturt University, Bathurst, NSW, Australia.
Journal of Gambling Studies
|September 29, 2025
Summary
Low financial literacy is linked to increased gambling. Improving financial knowledge may help reduce gambling frequency and related harms, but more research is needed.
Area of Science:
- Behavioral Economics
- Psychology
- Public Health
Background:
- Low financial literacy is a potential risk factor for poor financial decisions and problematic gambling.
- Understanding the relationship between financial literacy and gambling behavior is crucial for developing interventions.
Purpose of the Study:
- To systematically review empirical studies examining the association between financial literacy and gambling frequency and/or problems.
- To identify potential implications for financial literacy education in reducing gambling-related harms.
Main Methods:
- Systematic review of peer-reviewed empirical studies.
- Searched multiple databases (PsycInfo, Web of Science, Scopus, etc.) for English-language publications.
- Included studies reporting on financial literacy and gambling frequency/problems; nine studies met inclusion criteria.
Main Results:
- Most studies found a negative association between financial literacy and gambling frequency.
- Financial literacy measures varied, with most focusing on objective knowledge.
- Few studies assessed problematic gambling behavior comprehensively.
Conclusions:
- Increased financial literacy may be associated with reduced gambling frequency.
- Financial literacy education interventions show potential for mitigating gambling-related harms.
- Further research is needed to address limitations of current cross-sectional studies and focus on gambling problems.
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