Study reveals financial impact of the sports betting boom
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 7 February 2025
⏱️ 9 minutes
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| 0:00.0 | This Sunday in New Orleans, the Philadelphia Eagles will try to block the Kansas City Chiefs from taking home an historic third consecutive Super Bowl title. |
| 0:10.1 | There will also be an historic amount of money riding on the game. |
| 0:13.5 | The American Gaming Association estimates that nearly $1.4 billion will be legally wagered, As Paul Salman reports, proof of a snowballing and |
| 0:23.7 | potentially perilous sports betting craze. I'm doing the Fandul Kick of Destiny 3, live |
| 0:30.1 | Super Bowl Sunday. Super Bowl Sunday. Our eyes and ears blitzed by calls to get in on the action. |
| 0:36.6 | Now, I know Super Bowl and all, but everyone gets a free back. |
| 0:39.3 | Nearly seven years after the Supreme Court struck down the ban on commercial sports betting, |
| 0:44.3 | 39 states and the District of Columbia have legalized it. |
| 0:48.3 | Last year, more than one in three Americans said they'd put money on a game at some point in their life, |
| 0:53.3 | up from the year before, |
| 0:55.0 | while the American Gaming Association estimates that commercial sports betting revenue |
| 1:00.0 | reached more than $14 billion, up 28% from 2023. |
| 1:06.0 | And it's gotten to a point where if you're not betting on sports, people are starting to question why you're watching the game. |
| 1:12.6 | For 25-year-old Philadelphia resident Rob Minnick, the gambling gateway was fantasy sports, played as a teenager. |
| 1:20.6 | The switch to sports betting, which he began on illegal and offshore sites before turning the age of 21 was all too easy. |
| 1:28.3 | If I was going to hang out with my friends or a family event was going to be happening, |
| 1:31.3 | the center focal point was a professional sport of some kind. |
| 1:35.3 | And so this idea that we could do what we were already doing but now make money doing it, |
| 1:41.3 | it was like way too good to be true and, and you know it was. Too good because fun with |
| 1:46.7 | friends became six to eight hours a day of compulsive gambling. Gambling was my way of expressing |
| 1:52.8 | myself to prove I was smart, to prove I could win, to prove that I was worthy. And the money |
| 1:59.0 | kind of reflected the scoreboard. After six years of betting, he joined |
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