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Category

😹
Fun
Transcript
00:00Major sports leagues used to worry about gambling.
00:03Now, they're cashing in.
00:05Since the Supreme Court reversed a federal ban in 2018,
00:08sports gambling has become so lucrative
00:11that virtually all the pro leagues have cast aside
00:14their old-fashioned scruples for a slice of that sweet, sweet book.
00:18Advocates say that the industry creates tax revenue.
00:21But at what cost?
00:22One in five Americans with a sports betting account reports
00:25losing money that was needed for a financial obligation.
00:28States that legalized sports gambling saw bankruptcies rise across the board by 28%.
00:34And credit scores fall at three times the rate of states that didn't.
00:39The problem is friction or lack of it.
00:42In the old days, if you wanted to place a bet on a game,
00:45you had to take a trip to Vegas or contact an underground bookmaker.
00:50But today, you can bet on practically any event at any time from anywhere.
00:56And the gambling sites use state-of-the-art tech to track your behavior
01:00and find your weaknesses to keep you gambling as much and as long as possible.
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