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Legalizing Sports Gambling Was a Huge Mistake (NYT)
| animeboi | 09/24/24 |
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Date: September 24th, 2024 4:30 PM Author: animeboi (.) Legalizing Sports Gambling Was a Huge Mistake The evidence is convincing: The betting industry is ruining lives.
By Charles Fain Lehman
Over the weekend, millions of Americans watched football. They cheered, they ate, and—more than ever—they gambled. The American Gaming Association expects $35 billion in bets to be placed on NFL games in 2024, about one-third more than last year’s total.
If you follow sports, gambling is everywhere. Ads for it are all over broadcasts; more than one in three Americans now bets on sports, according to a Seton Hall poll. Before 2018, sports gambling was prohibited almost everywhere. Now it’s legal in 38 states and the District of Columbia, yielding $10 billion a year in revenue.
Readers may be quick to dismiss these developments as harmless. Many sports fans enjoy betting on the game, they say. Is it such a big deal if they do it with a company rather than their friends?
A growing body of social-science literature suggests that, yes, this is in fact quite different. The rise of sports gambling has caused a wave of financial and familial misery, one that falls disproportionately on the most economically precarious households. Six years into the experiment, the evidence is convincing: Legalizing sports gambling was a huge mistake.
https://www.theatlantic.com/ideas/archive/2024/09/legal-sports-gambling-was-mistake/679925/
Why do libs want to make people poor?
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