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Colleges And Universities Are Betting Big On Sports Gambling

1A

NPR

News

4.34.5K Ratings

🗓️ 17 March 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

The NCAA College Basketball tournament kicks off Tuesday. Millions of Americans are expected to watch and bet on the NCAA College Basketball tournament that kicked off this week.

According to a new survey from the American Gaming Association, 68 million Americans are expected to place over $15 billion in bets on the tournament this year. As sports gambling becomes increasingly popular on mobile platforms, colleges and universities are getting in on the action through multi-million dollar partnerships that allow companies to advertise on campuses.

Investigations from The New York Times and the PBS Newshour found at least five major colleges (Michigan State, LSU, Maryland, University of Denver, and the University of Colorado) have partnered with companies like Caesar's Sports Book and PointsBet.

We discuss what responsible gambling practices look like and what reporters found in their investigations.

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Transcript

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0:00.0

The March Madness College basketball tournament kicked off this week, millions of Americans

0:12.8

are expected to watch and place bets on the games.

0:16.5

Some of you might have even filled out a bracket and are hoping for the best.

0:20.3

And now online gambling sites offer opportunities to bet on countless outcomes throughout the

0:24.9

tournament.

0:25.9

The odds of you being you is one in 250 million.

0:29.4

So what is life?

0:30.4

But chance.

0:31.4

And every moment in it.

0:33.4

A bet.

0:34.4

With our exclusive lightning bets, you can bet live on the next play, mined by men.

0:39.8

Or build a live same game parlay right in the middle of the action.

0:43.0

I just got to bring Caesar's sports book to New York.

0:46.5

That sports book is going to change the game people.

0:51.0

Just ask Jersey.

0:52.0

They love it.

0:54.2

The number of bets keeps exploding.

0:56.8

The American Gaming Association says about 68 million Americans will place bets during

1:01.8

March Madness.

1:02.8

That's up from 45 million last year.

1:05.4

A 2018 Supreme Court decision allowed states to legalize sports gambling, opening the

1:10.3

floodgates for new partnerships to emerge.

...

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