The Explosion of Online Sports Betting with Eric Lipton

Why Is This Happening? The Chris Hayes Podcast

NBCNews

News, Nbcnews, Why Is This Happening?, The Chris Hayes Podcast, Chris Hayes, Politics, Government, Society & Culture, Msnbc, Withpod

4.6 • 8.9K Ratings

🗓️ 9 May 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

You’ve probably encountered an advertisement for sports betting in one form or another. In the past few years, there’s been a marked rise in the number of online sports betting ads from companies like DraftKings and FanDuel. Gambling companies now spend billions of dollars a year on advertising. At the same time, there’s growing concern over the effect betting is having on our experience with sports, the lack of comprehensive federal regulation and its addictive potential. Eric Lipton is a Pulitzer Prize-winning journalist and New York Times investigative reporter. He’s spent years following the sports betting boom. Lipton joins WITHpod to discuss how we got to this moment where sports gambling ads are integrated into almost every sports broadcast, the role of lobbying in the explosion of online betting, how the space is policed and more.

Transcript

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0:00.0	It's become effectively a gambling enterprise.
0:04.0	That sports was always a big corporate operation.
0:08.2	There was a money making operation, but it was a game and it was a pastime.
0:13.3	It is now a part of a gambling enterprise and it has changed the relationship that Americans
0:17.4	have with sports in a pretty fundamental way.
0:20.5	Hello and welcome to Wise is Happening with me, your host, Chris Hayes.
0:33.2	If you're a sports fan, which I am probably more obsessively a sports fan that I would like
0:37.9	to be, it's been a lot of time considering sports.
0:41.4	You've noticed something over the past, I would say probably two or three years, which
0:45.2	is the penetration of sports gambling into every aspect of sports broadcasts and the
0:53.0	trappings of sports.
0:54.8	If you watch any kind of game, the three things that I tend to watch are basketball
0:59.3	football and baseball.
1:00.9	Not only are there ads in between, like in the commercial breaks, for one of a number
1:06.0	of different sports betting outfits, often casinos in Vegas that have created their
1:10.9	sort of online brands.
1:12.7	That could be Caesar's or MGM.
1:15.7	Sometimes it's purely online entities like Draft Kings and others, but basically huge name
1:20.8	stars, like Jamie Foxx, Kevin Hart, doing these big glossy ads for sports gambling.
1:27.6	It's not just sports gambling in the commercial breaks.
1:30.5	It's actually being integrated into broadcasts, the point where the broadcasters themselves
1:35.1	will say that there's some update to the line in a game.
	...

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