The Big Gamble
6 months, 3 weeks ago

The Big Gamble

Al Jazeera  

Fault Lines examines the legalization of online betting in the US and the impact on people suffering gambling addiction. Thirty states have legalized online sports betting ushering in billions in revenue for gambling operators. The betting rush has also resulted in an increase in problem gamblers, and phone calls to helplines have skyrocketed since the Supreme Court decision in 2018 that altered the betting landscape. Industry watchers are concerned that gambling companies are using sports betting as a stepping stone to their ultimate goal, casino-style gambling games on every smartphone in the country.

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History of this topic

Scandals, some changes in public perception highlighted the year for sports betting
4 days, 7 hours ago

Scandals, some changes in public perception highlighted the year for sports betting

Associated Press  

In the six years since the U.S. Supreme Court cleared the way for states to offer sports betting, each successive year has set a record for the amount of money wagered legally. I think it’s opening people’s eyes that the legalization of sports betting in the U.S. wasn’t going to be the exception to the problems that come with sports …

Bill would ban sports betting ads during games and forbid bets on college athletes
3 months, 1 week ago

Bill would ban sports betting ads during games and forbid bets on college athletes

Associated Press  

ATLANTIC CITY, N.J. — The federal government would ban in-game advertising and bets on college athletes under a sports betting regulation bill proposed by two northeastern legislators. The legislation already faces strong opposition from the gambling industry, which has said for years that it should self-regulate sports betting advertising to avoid the federal government imposing standards on it. The American …

Slow to expand, internet casino gambling is the future of US betting, industry execs say
7 months, 2 weeks ago

Slow to expand, internet casino gambling is the future of US betting, industry execs say

Associated Press  

SECAUCUS, N.J. — Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos. “That’s a lot of teacher salaries, a lot of police officers and firefighters.” The industry cites several challenges to wider approval of internet casino gambling, including fears …

How the US became hooked on sports betting – and the cost it’s having on lives
7 months, 2 weeks ago

How the US became hooked on sports betting – and the cost it’s having on lives

CNN  

CNN — In August 2019, Saul Malek realized he’d hit rock bottom. Dominick Reuter/AFP/Getty Images “In America, as long as there have been sports to bet on, people have been betting on sports,” AGA senior vice president Joe Maloney told CNN Sport in an interview. “We’ve seen no evidence of that whatsoever,” says Whyte when asked about legalized sports gambling …

Granderson: Sports gambling is exploding, and it'll be even worse than you think
8 months ago

Granderson: Sports gambling is exploding, and it'll be even worse than you think

LA Times  

Breezy marketing from DraftKings and similar companies is the modern equivalent of the Marlboro Man. LeBron James’ squad was swept by Denver in the last postseason, and L.A. hasn’t beaten the Nuggets since December 2022, which is why the Lakers are serious underdogs according to the online gambling site DraftKings. One of the site’s recent promos features comedian Kevin Hart …

Internet casinos thrive in 6 states. So why hasn’t it caught on more widely in the US?
1 year ago

Internet casinos thrive in 6 states. So why hasn’t it caught on more widely in the US?

Associated Press  

ATLANTIC CITY, N.J. — In the 10 years that it has been operating in New Jersey, internet casino gambling has generated nearly $7 billion in revenue for casinos and their affiliates, sent over a billion dollars in tax revenue to the state’s coffers and helped keep Atlantic City’s nine casinos afloat while they were shut down during the COVID-19 pandemic. …

Online bets on NFL games surged in Week 1 as legal sports betting continues to grow
1 year, 3 months ago

Online bets on NFL games surged in Week 1 as legal sports betting continues to grow

Associated Press  

ATLANTIC CITY, N.J. — A company that most of the legal U.S. sports betting industry uses to verify that its customers are where they say they are is reporting a record number of transactions over the first weekend of the NFL season. GeoComply Solutions, the Vancouver, Canada-based tech company, said Wednesday it recorded 242.3 million geolocation transactions from customers of …

Why sports betting is everywhere.
1 year, 6 months ago

Why sports betting is everywhere.

Slate  

If you watch live sports these days, there is one thing—besides the athletes, the announcers, and the play-by-play—that’s always there: betting. A 2018 Supreme Court decision made sports betting legal, and since then, it’s become seemingly inextricable from every aspect of big-time sports. New Jersey and New York were all considering sports betting, and at this time the sports leagues …

Americans bet $220B on sports in 5 years since legalization
1 year, 7 months ago

Americans bet $220B on sports in 5 years since legalization

Associated Press  

ATLANTIC CITY, N.J. — Americans have bet over $220 billion on sports with legal gambling outlets in the five years since the U.S. Supreme Court cleared the way for all 50 states to offer it, and the industry shows few signs of slowing despite some recent scandals that have put a spotlight on wagering safeguards. When Sunday’s anniversary of the …

US gambling group seeks crackdown on illegal betting sites
2 years, 8 months ago

US gambling group seeks crackdown on illegal betting sites

Associated Press  

ATLANTIC CITY, N.J. — The U.S. gambling industry’s national trade association is asking the federal government to crack down on illegal betting sites, saying consumers need to be protected. The American Gaming Association said Thursday it sent a letter to U.S. Attorney General Merrick Garland asking the Justice Department to investigate and prosecute the largest illegal bookmaking operations. Miller said …

Half of US offers legal sports betting as NFL season begins
3 years, 3 months ago

Half of US offers legal sports betting as NFL season begins

Associated Press  

EAST RUTHERFORD, N.J. — More than half of the United States now offers legal sports betting, just three years after it was allowed by the U.S. Supreme Court. That’s up from 18 states with legal sports betting at the start of last year’s football season. “A lot of people still don’t want to travel and be in crowds, and sports …

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