19 October 2024

$PORT$ BETTING I$ BIG BU$$INE$$: $10 Billion a year in revenue

 Legalizing Sports Gambling Was a Huge Mistake

The evidence is convincing: The betting industry is ruining lives.



By Charles Fain Lehman
Over the weekend, millions of Americans watched football. They cheered, they ate, and—more than ever—they gambled. 
  • The American Gaming Association expects $35 billion in bets to be placed on NFL games in 2024, about one-third more than last year’s total.

If you follow sports, gambling is everywhere. 

Interactive U.S. Map: Sports Betting - American Gaming Association

  • Ads for it are all over broadcasts; 
  • more than one in three Americans now betson sports, according to a Seton Hall poll. Before 2018, sports gambling was prohibited almost everywhere. 
  • Now it’s legal in 38 states and the District of Columbia, yielding $10 billion a year in revenue.

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