Gambling on America: how the US got hooked on sports betting

赌注押在美国:美国如何沉迷于体育博彩

Money Talks from The Economist

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2024-12-06

48 分钟
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Until 2018, sports betting was illegal in every state but Nevada. Now, some 40% of Americans say they wager on everything from which team will win the Super Bowl to which player will be crowned baseball's rookie of the year. But how did sports betting take the US by storm? Hosts: Alice Fulwood, Mike Bird and Ethan Wu. Guests: The Economist's data editor Dan Rosenheck; and Peter Jackson, boss of Flutter. Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.
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  • For decades, outside of Las Vegas and Atlantic City,

  • Native American reservations had a near monopoly on America's gambling industry.

  • A Supreme Court ruling allowed tribes to facilitate gambling on their own lands.

  • And it really took off.

  • as this promotional video for Seminole Classic Casino explains.

  • Seminole Classic Casino is really what started it all for Native American gaming.

  • Back in 1979, when we opened our doors for the first time,

  • we opened up as just a bingo hall.

  • Many tribes have followed our footprints over the years,

  • and many of them have found successes.

  • It has grown into an industry that generates $42 billion a year for nearly 245 tribes across 29 states.

  • When I look back and I think about everything that gaming has brought to the Seminole tribe and Native American people throughout the country,

  • I think of things like the health care that they're getting now,

  • education opportunities, employment opportunities, housing, elderly care.

  • But in 2018, another Supreme Court ruling changed everything.

  • The Supreme Court strikes down a federal anti-sports betting law opening the door to legalized gambling on sports.

  • The ruling leaves the regulation of sports gambling to Congress but says each state is free to act on its own.

  • Gamblers now don't have to travel to Las Vegas or tribal lands to place a wager.

  • In many states, they can now bet, from the comfort of their own homes, on sports.

  • As a result...