meta_pixel
Tapesearch Logo
Log in
PBS News Hour - Segments

The explosion of sports betting in America

PBS News Hour - Segments

PBS NewsHour

Daily News, News

4.11K Ratings

🗓️ 10 March 2026

⏱️ 32 minutes

🧾️ Download transcript

Summary

Americans legally bet close to $167 billion on sports last year, a dramatic increase since states began to broadly legalize it in 2018. Author and journalist David Hill speaks with Geoff Bennett about the rapid rise of sports gambling and prediction markets — and where regulation is falling short. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, Jeff Bennett here, and this is the PBS News Podcast, Settle in.

0:04.4

March Madness tips off next week, and if last year is any guide, Americans will wager more than

0:09.3

$3 billion on college basketball over the next few weeks.

0:13.0

After the Super Bowl, it's one of the biggest betting events of the year, from office pools

0:17.5

where you toss in a few bucks, to legal wagers on digital sports betting apps

0:21.6

that have exploded since legalization started back in 2018. Sports gambling is now legal in 40

0:27.6

states and Washington, D.C., and nearly half of men under the age of 50 have an active betting

0:33.4

account. Our guest is author and journalist David Hill, who has written about sports

0:38.2

betting for Rolling Stone, hosted a podcast about professional gamblers, and has a forthcoming

0:43.4

book on the industry, and he's also a gambler himself. We'll talk about the rapid rise of

0:48.4

legal sports betting and where regulation is falling short. So, settle in and enjoy our conversation with David Hill.

0:58.6

David Hill, thanks so much for making time. We appreciate it.

1:01.3

Appreciate you, Jeff. Thanks.

1:03.0

So a lot of people feel like sports betting exploded overnight, essentially, after the Supreme

1:08.4

Court cleared the way for legalization back in 2018,

1:11.6

is someone who studies this and has spent a lot of time in this world, is that perception

1:18.5

accurate, or has gambling always been deeply tied to American sports in some way?

1:23.6

I think both things are true. I think that gambling has always been tied to American sports

1:27.3

from the beginning, and betting that gambling has always been tied to American sports from the beginning.

1:29.5

And betting on sports has always been around, but it is true that it really did explode after the repeal of PASPA.

1:35.5

So tell me more about that, that connection between the repeal and the explosion of betting.

1:39.8

After the repeal of PASPA, that sort of paved the way for individual states to license and regulate sports books, we saw that a lot of companies just put a lot of money into trying to expand as quickly as they could in the United States.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from PBS NewsHour, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of PBS NewsHour and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.