After Hours: Gambling on Legal Sports Betting (From the Archives)
Full Measure After Hours
Sharyl Attkisson
5 • 1.4K Ratings
🗓️ 7 November 2024
⏱️ 36 minutes
🧾️ Download transcript
Summary
More states are taking a gamble on legalized sports betting. How much money is it bringing in, and what's it doing to the population at large?
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Transcript
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| 0:00.0 | Hi, everybody. Cheryl Ackison here. I hope you enjoy this special from the archives edition of Full Measure After Hours. |
| 0:12.6 | Hi, everybody, Cheryl Ackison here. Welcome to another edition of Full Measure After Hours. |
| 0:22.9 | Today, a look at legalized sports betting, possibly already in your state or coming soon. |
| 0:32.7 | This coming Sunday, that's November 21st, I take on the topic of legal sports betting. Much like |
| 0:39.8 | legalized marijuana, which we've also looked at, there is a major concerted lobbying effort going on |
| 0:45.1 | state to state to try to make this formerly illegal thing or activity legal. And the effort is quite |
| 0:52.1 | successful. As always, there are differences of opinions on the |
| 0:55.9 | benefits and harms, a lot to consider. I'll be reporting from one of the country's most |
| 1:00.8 | robust and fairly new sports betting markets, the state of Colorado. Sports betting became legal in |
| 1:07.6 | Colorado on May 1st, 2020, as it happens, just about the time the COVID shutdowns |
| 1:13.6 | arrived, which was not great news for that industry. The casinos shut their doors. The casinos are where |
| 1:19.9 | the sports betting has to take place under the law in Colorado, and most sports stopped. Well, I said |
| 1:26.3 | it has to take place in the casinos unless you're doing mobile |
| 1:30.2 | sports betting on mobile apps. And there are a lot of those making it easy for almost anybody in |
| 1:35.6 | Colorado to place bets using their phones. Interestingly, I asked some of the experts who I interviewed, |
| 1:43.0 | how do you know someone's really in Colorado when they're making their bets on the phone because they may be in another state where it's not legal? |
| 1:50.4 | And they have a geofencing way to figure out if people really are in the state boundaries. |
| 1:55.8 | One of the regulators told me they can even tell if someone's flying in a plane over Colorado trying to place a bet. |
| 2:02.4 | They're not allowed to do that, but they said they can tell. In any event, with the casinos closed, |
| 2:07.7 | and a lot of sports shut down, too, what was there to bet on for these people who got so excited |
| 2:12.6 | because now sports betting had become legal? Well, there was tons of betting on ping pong table tennis, I guess |
| 2:19.2 | they call it officially, particularly Russian ping pong, which was going strong. So there may not have |
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