Regulating online gambling
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 5 December 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
Online gambling’s success has pushed global valuations of the industry to around half a trillion dollars for 2022 - but the accessibility of its digital platforms is forcing regulators around the world into a rethink.
In this programme, Laura Heighton-Ginns visits Fanduel - the market leader in New York - and gets a tour of its vast Meadowlands Sportsbook complex, where punters blend betting with socialising.
Laura also hears from Indian Poker champion Nikita Luther on the distinctions between playing games of skill for money and those of chance and Chrissy Boyce, who became bankrupt and homeless through using digital slot machines, tells Laura about the links between online gambling and addiction.
Presenter / producer: Laura Heighton-Ginns Image: Fanduel Meadowlands; Credit: BBC
Transcript
Click on a timestamp to play from that location
| 0:00.0 | World Football in Qatar is the podcast taking you behind the scenes with all 32 teams at the World Cup. |
| 0:07.3 | We're hearing from the players, the fans and people in Qatar, telling the truly global story of the competition. |
| 0:15.2 | That's World Football in Qatar from the BBC World Service. |
| 0:19.4 | Find it wherever you get your BBC podcasts. |
| 0:27.6 | The buzz of a sports bar on the opening day of the NFL season. |
| 0:32.1 | But this is not your average sports bar. |
| 0:34.0 | This is Meadowlands Fanjewal next to the MetLife Stadium in New Jersey, a place |
| 0:38.8 | to bet on sports as well as spectate. Sports betting has become big money in the United States, |
| 0:44.9 | with individual states scrambling to get it legalised after the Supreme Court lifted a ban in 2018. |
| 0:51.6 | But in reflection of a big shift for the gambling industry internationally, many of the |
| 0:55.7 | punters here at Meadowlands are placing bets through their online accounts. The success of online |
| 1:01.5 | gambling has pushed global valuations for this sector to around half a trillion dollars. In this |
| 1:07.6 | program, we'll hear from a business leading the charge. Certainly online drives the vast majority of our revenue. |
| 1:14.9 | And discuss the relationship between online gambling and addiction. |
| 1:19.3 | Over 650,000 was really my net losses. |
| 1:23.9 | As governments around the world weigh risk and reward when it comes to regulating online gambling. |
| 1:29.7 | The issue when you apply natural business practices to gambling is that then harm and addiction and those business practices become one in the same. |
| 1:39.5 | I'm Laura Heighton Jins. You're listening to Business Daily on the BBC. |
| 1:47.4 | And so last third, Business Daily on the BBC. I was told before I came here that this is like a sports bar on steroids and it's a fair description. |
| 1:57.0 | It's the size of a convention centre over, I think, three floors. |
| 2:01.3 | There are wall-to-wall screens showing all manner of sports, even something with what looks |
| 2:05.9 | like a horse and cart, which I believe is called harness racing. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.