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Earn Your Leisure

Is Online Gambling and Sports Betting Hurting the Black Community?

Earn Your Leisure

iHeartPodcasts

Entrepreneurship, Investing, News, Business, Education, Business News, Careers

4.97.9K Ratings

🗓️ 27 November 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

In this powerful clip of Market Mondays, hosts Rashad Bilal, Troy Millings, and Ian Dunlap dive deep into the targeted marketing and massive impact of online gambling on the Black community. Rashad shares eye-opening insights on how billions of dollars have been strategically funneled into promoting online gambling through influential platforms like popular podcasts and celebrities, including Drake and major shows like Joe Button's, Gillian Wallow's, and Shannon Sharpe's.


Rashad recounts a personal story, highlighting the rapid growth and consequences of online gambling over the past few years. He emphasizes the risks and negative outcomes such as debt, broken homes, and even life-threatening situations in places like jail settings, urging the community to be cautious.


Furthermore, the hosts discuss how gambling, likened to addictive substances such as alcohol and drugs, can ruin lives and disproportionately target vulnerable, poor, and uneducated Black individuals. Rashad opens up about the history of these tactics, comparing it to the lottery practices of the past that devastated his family and emphasizing the need for a broader conversation and investigation into such predatory practices.


Troy and Ian add their perspectives on the economic aspects, discussing the financial benefits seen by companies like DraftKings and FanDuel. They advise viewers on the importance of investing in more stable, albeit less glamorous, assets like stocks, real estate, and government contracts, which are often overlooked in favor of more exciting but risky ventures like gambling.


The conversation aims to shed light on how the most lucrative and stable investments are marketed as boring while riskier, more thrilling industries dominate attention and often yield smaller dividends in the long run.


Join us for this enlightening discussion as our hosts challenge the status quo and advocate for financial literacy and investment education as a means to empower the Black community. Hit the like button, share your thoughts in the comments, and don't forget to subscribe for more insightful content from Market Mondays!


*Hashtags:*

#MarketMondays #OnlineGambling #FinancialLiteracy #BlackCommunity #Investing #PredatoryPractices #DraftKings #FanDuel #Stocks #RealEstate #FinancialEducation #WealthBuilding #GamblingAwareness #InvestSmart #Empowerment



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Transcript

Click on a timestamp to play from that location

0:00.0

Earners, what's up?

0:02.0

You ever walk into a small business and everything just works?

0:05.6

Like the checkout is fast, the receipts are digital, tipping is a breeze, and you're out

0:10.7

the door before the line even builds.

0:12.9

Odds are they're using Square.

0:15.5

We love supporting businesses that run on Square because it just feels seamless, whether

0:19.5

it's a local coffee shop, a vendor at a pop-up market, or even one of our merch partners.

0:25.0

Square makes it easy for them to take payments, manage inventory, and run their business with confidence, all from one simple system.

0:33.1

If you're a business owner or even just thinking about launching something soon, Square is

0:37.8

hands down one of the best tools out there to help you start, run, and grow.

0:42.8

It's not just about payments.

0:44.6

It's about giving you time back so you can focus on what matters most.

0:48.7

Ready to see how Square can transform your business, visit square.com backslash go, backslash EYL to learn more. That's square

0:57.3

dot com backslash go backslash EYL. Don't wait, don't hesitate. Let Square handle the back end

1:04.0

so you can keep pushing your vision forward. This episode is brought to you by PNC Bank.

1:12.2

A lot of people think podcasts about work are boring.

1:15.3

And sure, they definitely can be.

1:17.6

But understanding a professional's routine shows us how they achieve their success

1:21.5

little by little day after day.

1:24.5

It's like banking with PNC Bank.

1:26.9

It might seem boring to save plan and make calculated

1:29.7

decisions with your bank, but keeping your money boring is what helps you live on more

...

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