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The promise is that they can beat the experts at predicting inflation, elections, and FDA approvals. But right now, roughly 90 percent of the action is sports. Is this a future we want to bet on?

— Freakonomics Radio
1mo ago

The American Gaming Association estimated in 2017, just under $5 billion was spent on sports betting, primarily physically in a casino. In 2024, that number was $150 billion, 95% of it online.

4mo ago

The change in deregulation of sports betting and allowing the states to make their own laws and allowing, at this point, close to 70% of Americans to legally bet on sports has fundamentally changed the sport industry. Now sports fans at the tip of their fingers through their phones can bet on pretty much anything as it relates to professional sports, college sports, and has driven a lot of money into the sports industry.

4mo ago

Now sports fans at the tip of their fingers through their phones can bet on pretty much anything as it relates to professional sports, college sports, and has driven a lot of money into the sports industry. It has changed the way sports is broadcasted, the way we watch it, and ultimately how fans behave.

4mo ago

It's turning all of American life into a Las Vegas table game. There's always this kind of glittering mirage of profit that you're chasing, when, in reality, it's designed to sort of demoralize and crush every regular person who plays.

7mo ago

Underscored — save the words that stop you in your tracks.

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