Is Sports Betting (Up 23% in 2024) out of control?

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The online gambling industry has closed the books on another record-breaking year of regulated operations in the US.
In preliminary 2024 totals, licensed sportsbooks across 33 reporting markets combined to generate nearly $150 billion in handle and more than $14.2 billion in operator revenue. This report includes all published results to date and projections for months not yet reported.
Tax payments to state and local governments came to $2.90 billion, while the federal excise tax skimmed an additional $375+ million for Uncle Sam. More than 95% of all legal online sportsbooks for the year was conducted online.
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#sports #gambling #betting

[@brodiebrazil]

IS IT REALLY OUT OF CONTROL...? *Some other videos you might like:* Dodgers Spending: NOT BAD for Baseball? 📺 kzbin.info/www/bejne/qIO3iWuoi76gfKs Utah Hockey BLOCKED from Copyrighted Yeti name? 📺 kzbin.info/www/bejne/nF6YanZmlrGDqsk A's FULL YEAR blocking social comments 📺 kzbin.info/www/bejne/r5WQqaljqrSEZs0 Former Pac-12 teams facing AWFUL new travel 📺 kzbin.info/www/bejne/kKKspKGKgN55n6M Cincinnati Bengals stadium lease drama emerges 📺 kzbin.info/www/bejne/ZqDJaIJrbLGgpNU Dodger Stadium HUGE Progress [January Clubhouse Update] 📺 kzbin.info/www/bejne/op3YhIloi9CjjLs Is the 49ers WINDOW closed? 📺 kzbin.info/www/bejne/aWOVo3SAa8SdZ8U Sports KZbinrs vs. Copyright Claims 📺 kzbin.info/www/bejne/mqPTdX2empeYosU Sacramento A's patch raises QUESTIONS 📺 kzbin.info/www/bejne/eZvTd4CMrr6igqs My son guesses every NHL logo 📺 kzbin.info/www/bejne/hZPQn4ulfNCLeNE My new job: Covering the San Jose Sharks 📺 kzbin.info/www/bejne/nKuuk6SQfLNmirc Decoding the A's visit to Sacramento 📺 kzbin.info/www/bejne/poDNYWR8d6prr6c

[@scottivlow9962]

Florida Hard Rock restarted Sport Book betting on 2023. Fan Dual and Draft King's are excluded. The Study you shown is disappointing for Florida. Brodie can I say this. There are a number of International Sports Books run by Government Licensed International Casinos. I used to use Bovada.l which is based in Canada. Since it is 100% legal for any person to make a sports bar legal gambeling. What makes it illegal is that the State can out-law it by making the booking illegal but it's not a crime if a person makes a sports wager. No matter your view for the States don't allow Sport betting it is still legal for State residents to place wagers on International Sport books. I know are people will always refer to the person making a legal bet illegal gambling but this isn't true. There are huge currency fees that go along with International Sports Books. When a person makes an International Wager that money leaves the country and never comes back. It doesn't get taxed by the IRS or State taxes. It doesn't come back to State or local Coffers either. It stays in the Country that hosts the Sports Books. No one knows how much International Sports takes in from the US. Again a person making bet isn't criminal and 100% legal so there is no transparency on what International Sports books make just from USA sports bettersand how much US currency is transferred out of the US to foreign countries that legalize sports books. I did the math. If just 1 million International Sports gamblers betted $25.00USD for 52 weeks thats $1.3 Billion dollars out of the USA. Nobody knows just how many gamblers there are from States that still outlaw it. Take 40-50 million betters on making $25 wagers for 52 weeks and its in the Trillions. How many bet $50 to $100 or more for 52 weeks? The sad part is State Governments that think that banning by Sport betting for the better good have no clue to the staggering amount of legalized betting on International markets.

[@idonttext9783]

Point shaving is out of control for example college basketball for sure and NBA one guy was caught.

[@CliffTangredi]

Thank you for this. I’ve been increasing disgusted by sports betting taking over everything. Can’t watch a game without getting pummeled by the advertising campaigns. Especially by the networks. I remember a day when professional sports wouldn’t even entertain the idea of having teams in Las Vegas.

[@scotttild]

They found a new revenue stream. I used to bet on football a lot 15 years ago. I think the games are somewhat fixed now so I stopped a while ago.

[@rmcsimlab8586]

Legalized sports betting has definitely impacted my ability to simply enjoy a broadcast without constant reminders about odds, props, etc. The constant bombardment has commoditized and tainted competition. I am especially sickened when a player is individually targeted on social media as a result of a miscue. Case in point was a recent photo of Mark Andrewa on a Barstool Sports FB post with the word “A$$” scrawled across it. Want to bet that wasn’t related to sports betting?

[@mplsmike4023]

I had to turn off NFL broadcasts this weekend because it felt like I was in the middle of a casino. You’re completely correct. Pro sports is essentially dead to those to who don’t bet on them.

[@scotttild]

@@mplsmike4023 I mostly turn them off or way way down anyway. Romo is about the only one I can listen to. A few others but I agree all the sports betting has wrecked it. How many segments in the pre game do they have on odds.

[@RobynHood1021]

Yeah the constant stream of gambling related ads has gotten almost as bad as healthcare related ads to the point all i have on my mind is cancer and gambling because of this..not healthy

[@ronvorpe1891]

Remember the beginning of the movie, The Last Boy Scout- 1992 Bruce Willis Daymon Wayons)?

[@Ima_npc]

Gambling should be restricted on their ads. Back in the day tobacco ads were everywhere too, but they’re now restricted.

[@Bluetree0502]

What is especially concerning to me is that so many outlets, channels and podcasters are now sponsored by online gaming companies. There are so few avenues where people can still analyze this trend critically because it affects their bottom line. Kudos to Brodie to talk about this and I hope you can avoid relying on their sponsorship so you can continue to do so.

[@ContrastWithSepiaPrince]

In a word, yes. I would have found it inconceivable just 10 years ago that podcasts, for example, would have ad breaks sponsored by betting platforms. Money is already a challenge to hold on to, and now we're bombarded with ads inviting us to play with our hard earned, yet inflating, dollars.

[@crschoop]

Gambling can easily become an addiction. If you can't walk away, if you are chasing your losses, you need help. The average person does not advertise how much they lost out of shame, but that same person will tell everyone what they won out of pride when they win. If you are ever tempted, remember that you're only hearing one side of it. Gamble only what you can afford to lose, and don't expect to win. Casinos and sports books are built on the losers, not the winners.

[@eyeofhorus99]

I set up limits in the betting app I use. Spending and loss.

[@Hogtownboy1]

Ontario has had to start a multimillion ad campaigning to warn people to danger of sports betting. It has become the No.1 cause of suicide in less than a years.

[@ejslemp5342]

It is completely out of control! I blame people like Pat McAfee for exploiting the epidemic amongst 18-34 white males with bad betting advice

[@tomcrown69]

Betting has become uncontrollable. Watch any sports channel and observe how sport betting is being pushed by advertiser. In the Bay Area it’s better bet that is being pushed. The issue is that underage youngsters are getting involved in betting, which can have serious consequences. There are videos on KZbin that address this problem in detail.

[@markc5771]

This is a statement on the big picture. We're in trouble.

[@kiroolioneaver8532]

The danger is the young people/kids. Those of us who are older remember a time gorwing up watching sports disassociated from betting/odds (or if they were there, not understanding what they meant). If you take public transit, you can hear high school kids talking about this stuff.

[@EPiche09]

And people complain about the cost of groceries. What a joke

[@49erGRRL]

I find it nauseating. I know the income from these betting sites ads on sports podcasts helps the podcasters, but in the past year it has become almost impossible to listen to a podcast without the accompanying exhortation to patronize a betting site: complete with podcasters offering custom prizes for those listeners who sign onto their bet site advertisers. These betting sites have completely invaded any football media or broadcast.

[@raytaylor6412]

I would not be surprized if a situation similar to the Black Sox scandal or the point shaving scandal in college basketball in the 1950's returned and a prominent athlete who is reconignized by even casual fans is actively involved.

[@scotttild]

Rams v. 49ers... Pointless end of the game FG. Exhibit 1.

[@kiroolioneaver8532]

It's very unlikely a prominent athlete would be involved because (unlike the Black Sox scandal) they are (rightfully) compensated way more fairly. The issue (as it was with Porter on the Raptors) is those borderline guys who don't make as much. The solution to match fixing (as experts like Dr. Declan Hill have pointed out) is paying athletes a fair wage.

[@1p4g]

Any business that can make 10% on selling or offering a service Always wins, Sports betting is not casino gaming, the house takes there 10% on avg per $1.00 bet, that's how the house wins, not because people lose ther bets, the house wins when people win also, seldom does the house take a hit on a win bet, thus why odds fluctuate,

[@thejworks07]

It has ruined the NFL

[@rubenortiz1884]

Brodie. I brought this up on your livestream weeks ago and kinda got brushed aside since I said “do you think it had a factor in the A’s leaving” MLB has said they will not allow any casino or gambling aspect to be involved but what they leave out is them (MLB owners) being able to invest in them. We’ve been seeing a jump every year in gambling. I highly suggest you get Michael Lewis (yes that Michael Lewis who wrote moneyball) on your channel and ask him about it since he is currently covering sports gambling on his podcast

[@jamesfergus594]

Jimmy from Chicago….Gambling will never go away but it is out of control in this country….commercials all over the place Promoting gambling….people getting involved that should not….including many young people….I have had friends and family go down This dark road….Casinos and sports booking are filthy rich from this….Gambling advertising in your face everywhere you look…… …….Believe me….I am still a sports fan but this is hurting the product….Love the show ….Brodie!…..😊😊😊

[@lance31415]

Is Sports Betting out of control? You have it all wrong - Sports Betting is in total control.

[@BuriedUnkind]

I stopped watching sports because I got tired of seeing every other add that was for some type of betting.

[@scotttild]

Anyone recall the Rams v. 49ers game, last second worthless FG. and it just happened to cover the spreed. Come on man someone on that Rams had huge money on it. That FG was pointless as time expired.

[@biblebelter9772]

Online gambling spreading faster than online porn.

[@WesternRaven420]

I am for people being free to bet or spend their money however they want, but they need to stop shoving it down everyone's throat. Any majorly addictive thing should have to be sought out by the user, imo.

[@zlm001]

Yeah, imagine trying to quit gambling in this gambling advertisement landscape with a bet just a few clicks away. It's one thing if you have to go somewhere to bet, it's an entirely different beast when all you have to do is pick up your phone. You don't even need to talk to anybody. I think it'd be nearly impossible to quit gambling, if you're addicted to it, and still enjoy watching your favorite sports. The temptation is so astonishingly strong and there's really not that much help. You'd have to constantly tell yourself no and all it takes is one weak moment and boom, you're back on the gambling train. With all of this gambling advertising it's almost assured that whenever an addict is feeling weak or impulsive there will surely be an ad for gambling that they'll see at that weak moment. Furthermore, all of the odds and gambling talk doesn't add much entertainment to the broadcast for people who don't gamble. I would definitely support stronger restrictions on gambling advertisements, though I wonder how much that would help. I didn't think gambling companies need support and protections for their business. Even if you think it should be legal, it's still a business model that takes money from people at an startling rate and the ones who primarily profit are the owners and tax collectors.

[@itinerantpatriot1196]

I've said it time and again, gambling is a dirty business, it always has been, and it makes everything it touches dirty. 150 billion...with a B. There are countries that don't have operating budgets that high. There will be a major scandal, most likely in football since that's the sport people most enjoy betting on. I've seen the damage a degenerate gambler can wreak on a family, worse than booze in my opinion (and yes, I am intimately familiar with how the bottle destroys lives). As Brodie points out, that's not even touching the off-the-books cash that's exchanged every week. These sports franchises have all made a deal with the devil. I used to bet through bookies and such, but I gave that up a long time ago. What these cozy relationships between leagues and gamblers does is bring the integrity of the game into question. That's a natural waste product like feces or any other digestive discharge. I'll continue to watch the games but when that scandal breaks, will there be a Babe Ruth to put Humpty Dumpty back together again? Or will the public simply stay away and look at it all as something akin to pro wrestling? Hard to say. But there is a special place in Hell for people who make a living off of the misery of others. And that's not just my take this time. Keep asking the right questions Brodie. Someone needs to point out the hypocrisy and question whether or not a tipping point exists somewhere out in the off-shore ether.

sad to say there isn't s scandal big enough to derail this. Too much easy and quick money involved now, and today's businessmen worship only money and nothing else.

[@itinerantpatriot1196]

Maybe you're right. People will bet on how far a flea can jump if there's nothing else going on at the moment. There were times when I would show up at the golf club I was a member of and get paired up with strangers. Mostly folks were okay but there were times I had to decline because the other players would insist I play for money, skins, individual score, whatever. People love to gamble and as long as they have that itch someone will be around to scratch it. And the house always wins in the end. Myer Lansky pointed out that reality years ago. He said eventually the government and corporations would take over gambling because there is just too much easy money to resist.

[@robbi6801]

Yes

[@Mr.Ed_Wayner]

In Texas one of the big reasons why we don’t have legalized gambling is because the lobbyists from Louisiana, Oklahoma and New Mexico contribute to the Texas legislature to not approve gambling.

[@MichaelMeade-d7b]

The Mississippi Gaming Board is the largest contributor to any anti gambling group or legislator in Alabama. Alabama has no legalized gambling, not even the lottery.

[@scotttild]

Same for CA. I am glad they don't have it. Just another way for the state to tax money. I gave up on sports betting a long time ago, even though I was kind of good at it.

[@infinity-vm4ul]

Yes. Yes it is.

[@Carrydavid-v4m]

The excitement is real! BetDestroy is where I’m headed next, and I can’t wait.

[@matsy17]

I find it strange watching US Sport now and seeing so many betting ads, being from the UK I have grown up with betting on sports being almost normalised and ads being everywhere with lots of betting shops just in the small town where I grew up but it almost feels wrong seeing it in US Sports. Gambling addiction is such an issue here in the UK and we even have a stadium (Stokes Stadium) is named after a betting company

[@James9000]

I think betting being a click away is way to easy

[@RobynHood1021]

Ive said this years ago when professional sport and its media fully embraced gambling…that years from now there would be a price to pay eventually

[@BoulderCityBlues]

All you’re seeing with these gambling numbers going up are the same people who were betting illegally who are now gambling legally ..It’s not out of control it’s just come out of the shadows

[@johnchambers8528]

It is not just sports betting that has caused such an expansion in betting. As states legalized casino gambling it became more socially acceptable to bet in casinos. As that market began to mature and other states made it legal states expanded the market by allowing on line at home or anywhere in their state legal to play casino games. So of course they wanted even more revenue and sports wagering fit that spot. So today we are bombarded by gambling advertising and shows about gambling on both TV and on line sites. This does cause problems with compulsive gambling just like any other issue like excessive drinking or drug abuse or other activity. However little is said except those quick notes at the end of commercials about compulsive gambling hot lines. States and gambling companies need to do more to help compulsive gambling programs exist to help or risk more restrictive controls on their gambling sites.

[@christopherstyle878]

Here in New York, online sports betting was "late to the party" so to speak. Legalized online sports betting starting in January 2022, so 2024 was only the second full year of it in New York. The two states that are within $1Billion "Handle" of New York are New Jersey, which started in 2018, and Illinois, which started in 2020. So, a "newness factor" might explain some of why New York is so much higher than the nearest 2 states. Also, the NYC and Long Island areas have HUGE populations and, in some areas, are super wealthy. I am a casual observer BTW, never having participated in the online sports betting phenomenon. I would rather just enjoy the games. 😎

[@BoulderCityBlues]

All we ever here is sports is a business ..Well if you can bet on a business option through the stock market you should be able to bet an option on a sports team through a casino or app ..In fact at least one crypto app offers sports betting . And a percent of gambling losses are tax write offs as well ..

[@jamesbrizendine962]

Hey Brodie we do have year round football with the NFL and The UFL

[@dougfowler1368]

I loved sportscasting and when I went to college in the late 80s I wanted to do it for a living. Being legally blind and with other intrrests, I didn't, but I'd have left the business in the last few years because batting has become way too pervasive.

[@turkeybowlwinkle4440]

"House always wins" - but I have a system. I can't lose.

[@BrentSmithline]

If you have discretionary funds that you are willing to just throw away. I guess betting works for you.

[@gordongross6311]

Yes.

[@zch7491]

Integrity of sports is on the line!!!

[@LoudlySmaller]

Integrity in sports is dead. They are paid so much money they don't care if they win or lose.

[@hoihoi8]

The stats for young men savings in states that have legal gambling vs don't is shocking. It is a horrible move to allow gambling advertising. It's just as bad as cigarettes

[@Jason_Maier]

Mr Brodie, Do you think a possibility of another point shaving scandal (like what happened in 78-79 with Boston College men's basketball) could occur in today's sports betting environment?

[@gonza261]

I’ve never bet a single dollar and never plan to. I enjoy my money too much to just give it away. 😂

[@metallicasnake]

This is the one facet of sports I am completely immune to. I don't bet. I have zero interest in betting. Advertising for gambling services is a complete waste for me.

[@SevenCostanza]

Australias been like this for like 50 years 😅. Yes before the internet. You could call em

[@robertewalt7789]

Thus the average profit to the gambling houses is 9.5%, a pretty big spread.

[@billh_]

It is an unhealthy and irresponsible trend. Not only are we bombarded with ads, the apps themselves are built to be addictive. The apps use all the same techniques as the social media apps for engagement.

[@mikemoore5263]

If people wanna gamble it'd far from me to be upset or judge that, but it's not for me, and I don't get it, the issue I have is how they have started to shove it down your throat during live sporting events on TV. I do understand it's become a huge money maker for the leagues and teams, and don't know if we can or ever will go back, but I preferred when we didn't get a thousand gambling adds during any game on TV

[@mikemoore5263]

Guess I'm kinda old school, and I enjoy sport for what it is, don't need any of those extra frills to enjoy it, feel like gambling ties into the short attention span people have these days, everyone seems to need that instant gratification every 15 minutes to engage with anything

[@59jdubya]

Is there any demographic data about who is gambling online? I’m particularly interested in the ages of online gamblers?

[@michaelstein7510]

I don’t have any statistics to give you at the moment, but I can give you personal anecdotes that I think are fairly indicative of gambling in North America. I’m 28, and I teach at a major university and I coach high school boys, so I have a pretty good pulse on young men. Sports gambling is absolutely endemic amongst men aged 18-30 right now. The majority of men my age seem to do significant amount of gambling, and maybe about 5% are borderline addicts, including my best friends. The majority of college guys seem to bet on sports, and even a ton of high school boys use someone else’s account to bet on games. I think a lot of young men don’t have much hope for their futures, and are happy to gamble away at sports to achieve some element of thrill in life. It’s already been a huge problem in Europe and Asia, and now it’s becoming a huge problem here. I fear gambling addiction is skyrocketed for Gen Z.

[@gordonlong3095]

Is New York City skewed by having the Foxwoods casino in Connecticut and the Atlantic City casinos 2-3 hours drive away, so NYers are going online to get their fixes instead of making a long drive?

[@bobjackson4785]

Yes it is out of control and the advertising is annoying.

[@ronvorpe1891]

It’s going to destroy college,pro sports and will filter down to high school. Money is going to make a mockery of sports. Hope I’m wrong

[@michaelvitale4029]

I disagree with any pushback. I don’t see anything wrong with legalized sports betting. There’s been state lottery for many decades, and horse racing wouldn’t even exist if not for the betting. Think about it, no one calls you and demands that you place a bet. The revenue is increasing because America’s desire to bet on sports is huge. Enjoy the games with no money on it if that’s your thing. But don’t be the “get off my lawn” guy. 😁

[@chm77777]

It's helped me lose interest in modern pro sports. I'm happier watching old games online.

[@craigcavaliere6744]

Advertisements for gambling and these new-age analytics are out of control.

[@robertewalt7789]

I wonder how this US football betting compares to European, especially English, football.

[@michaelstein7510]

Until pretty recently, it was much easier for the average person to bet on sports in England than in the US. There are Ladbrokes all over the place in England, whereas physical sports books are less common in the US, and many states outlaw them entirely. But in the last 5 years, a huge chunk of Americans can now bet on sports from the convenience of our phones, which has really changed the game. Gambling is absolutely skyrocketing among North American men aged 18-30. I see it in my own friends, for sure. I think it’ll only get worse. We’ve seen Ivan Toney get a lengthy ban, and Jontay Porter recently got a lifetime ban from the NBA for point shaving. This is only the beginning.

[@geoff3103]

its only gonna get worse.FAR worse. Legalized sports betting is as about as wise as legalized drugs

[@jannarkiewicz633]

In the U.S. I am in California. The betting ballot measure got smoke 20% to 80% AGAINST. I voted for it. I spend a lot of time in Manila. I can bet on roosters -- I don't

[@GDavis49]

Surprised it didn’t do better with California’s huge budget deficit

[@ronnieimburgia4986]

They will never allow legal sports betting in California due to the fact it would impact Nevada tourism.

[@jannarkiewicz633]

@@ronnieimburgia4986 I was a vote. It was crushed. It was the people that spoke. I was stunned. 80% against.

[@lesterkoon1768]

At this point in time Ovi is 20 away from the record. Sharks play the caps in 17 games. Wanna bet he does it against the sharks 😂 it’s so typical of sharks. Thoughts?

[@joseeduardo4327]

Idk how they can do it when kids are watching the games too.

[@idonttext9783]

The bookies cheated on wemby playing in france when they took him out early when the masses were betting his over points bet this weekend

[@idonttext9783]

They work for the bookies

[@ronnieimburgia4986]

For all of you complaining about the overload of sports betting I felt the same way when broadcasters talked about fantasy league horseshit. So suck it up