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Jonathan D. Cohen

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States, sports leagues, data companies, media outlets, and others are all trying to get their hand in the sports betting cookie jar, and the cookies only come from one place: gamblers’ wallets.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Every problem gambler’s story is unique. But in many ways, their stories are also all the same. Most sports bettors are drawn to gambling because they love sports and because gambling offers the chance to make the games more exciting. For some people, though, the pursuit of that excitement takes over their lives, leading to addiction—followed, for those fortunate enough, by recovery.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Here was the downside of gambling as a signifier of intelligence: If winning says a bettor is smart, what does losing say? Gamblers chase as much to recover money as to recover their self-esteem. And if they keep betting, they can avoid admitting they have lost. So, if he was down $40,000, what was another $5,000 or $10,000 compared to the possibility of wiping the slate clean?
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Richard Schuetz, longtime industry insider and former regulator, … likens states handing control over sports betting to inexperienced regulators with a patient placing their life in the hands of an inexperienced surgeon and hoping for the best.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
As one of [Colorado]’s problem gambling therapists predicted in early 2019, “We just are not ready for this.” They weren’t, and still aren’t. As of 2024, the state still has no inpatient or intensive outpatient treatment centers dedicated to problem gambling, and the PGCC website lists thirteen certified treatment providers for the entire state.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
States were unprepared for the onslaught of lobbying that followed the Murphy decision and were caught flat-footed by an aggressive campaign to set up industry-friendly sports betting systems. Facing the promise of a new source of tax revenue, lawmakers largely went along with sportsbooks’ desires without considering the potential harm that could ensue from gambling arriving onto every cell phone in the state.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Using his unemployment checks, he placed at least 151 bets totaling $14,000 over the course of February, losing $2,300. He kept going, gambling multiple times a day almost every day for nearly six months, resulting in a net loss of $7,250. With his mental health deteriorating and a void in his bank account where all the money he gambled should have been, he decided that something needed to change. He moved back in with his parents, outside of Wichita, Kansas. His career, his finances, and his life had been thrown off track. Gambling, he said, “tore me apart.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Polls indicate that between 20 and 40 percent of American adults have bet on sports, many doing so legally for the first time in the last seven years.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
By far the top factor that led Fanatics to label a customer as high-risk was deposit frequency. (The second largest was the percentage of bets placed on days of the week other than Saturday.)
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The nation is in the middle of a rapid embrace of gambling with no overall direction, just more more more. But how much gambling is too much?
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The operators have so much data on every customer, PHAI alleges, they could identify problematic play as it develops. But they choose not to.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The RG [Responsible Gaming] approach is rooted in personal responsibility. By suggesting that players should play responsibly, RG implies that doing so is entirely up to them. If someone develops a gambling problem, then they did not properly utilize the resources made available in the sportsbook app. People have agency and should face the consequences of their decisions, good or bad. But the RG model places the burden on gamblers to make good choices while obfuscating that sportsbooks’ products make it difficult to make better choices. The model also ignores that once someone is hooked on gambling they are no longer actively choosing to play. Instead, their addiction makes it impossible for them to stop.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
If a business sells alcohol to someone who is clearly intoxicated, and that person commits personal or property damage, the business that sold them the booze can be held partly liable. These laws place the onus on suppliers to ensure their customers behave safely and to remove any incentive to overserve someone in pursuit of profit. Levant asks why sportsbooks should not be partly liable if they allow someone with an obvious gambling problem to continue betting and that person commits a financial crime to keep up their habit.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Gambling companies had promised sports betting as a tax revenue bonanza and by converting players from the illegal market, a product that would do little to reshape the total amount spent on gambling. “We’re starting to see policymakers start to really push back on all of the false promises that they were once sold,” Brianne Doura-Schawohl explained.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The NFL justified its embrace of gambling with a new favor­ite Goodell phrase: “fan engagement.” “We’re going to find ways we can engage fans through legalized sports betting,” he declared in 2021. What Goodell meant was that betting offered a chance for people to raise the stakes for the games they already loved and to make being a football fan a more interactive experience. Gamblers had always taken a special interest in NFL games and now there were a lot more potential gamblers, casual and occasional viewers who could be converted into superfans if they thought they could win some money.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
If Andrew really wanted to bet, he could find a way to do so at any moment, self-exclusion and all. Gambling addiction has no cure.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Nearly half of millennials and 60 percent of Gen-Z have bet on sports, including two-thirds of students living on college campuses.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Garnett chose water as the beneficiary for sports betting as a matter of both good policy and good politics. Water turned gambling skeptics—and maybe even opponents—into believers. Western Colorado state senator Dylan Roberts (at the time a member of the state house) said the water tie-in made it a “no-brainer” for him to support the bill, “not because I love sports betting or anything.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The overarching goal for the nation should be a sports betting setup focused most of all on the well-being of gamblers, even at the expense of profit for sportsbooks or tax revenue for states.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The industry’s goal has been to cultivate a second-screen experience. Companies want gamblers to get into the habit of keeping their sportsbook app open while they watch a game, with betting an expected part of the sports viewing experience. Many ads, then, show betting app interfaces on phones or feature someone holding their cell phone while watching a game, modeling the behavior sportsbooks want to inculcate.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Executives and spokespeople constantly argue that offshore, illegal sportsbooks do not have to comply with any regulations or pay any taxes. But legal sportsbooks should be held to a higher standard than illegal operators.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Sportsbooks are doing much more than siphoning money that would have already been spent on betting. They are inculcating sports betting among people who never would have bet otherwise, creating new generations of gamblers.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
From TV broadcasts to data deals, gambling is now an unavoidable part of the football experience, one that the league insists does not threaten the integrity of its product. As it has for decades, the NFL is trying to have it both ways: cracking down on some types of gambling while simultaneously making as much money from gambling as it possibly can.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Gradually his wagers got bigger, as he needed to gamble more money to have the same thrill that he had once gotten from just $5. And because he was betting digitally, the “money never felt real.” Scholars have documented that casino chips help dissociate gamblers from the size of their bets, encouraging them to act more liberally than they ever would with cash. Smartphones take this dissociation to a whole new level.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
States, sports leagues, data companies, media outlets, and others are all trying to get their hand in the sports betting cookie jar, and the cookies only come from one place: gamblers’ wallets.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Every problem gambler’s story is unique. But in many ways, their stories are also all the same. Most sports bettors are drawn to gambling because they love sports and because gambling offers the chance to make the games more exciting. For some people, though, the pursuit of that excitement takes over their lives, leading to addiction—followed, for those fortunate enough, by recovery.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Here was the downside of gambling as a signifier of intelligence: If winning says a bettor is smart, what does losing say? Gamblers chase as much to recover money as to recover their self-esteem. And if they keep betting, they can avoid admitting they have lost. So, if he was down $40,000, what was another $5,000 or $10,000 compared to the possibility of wiping the slate clean?
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Richard Schuetz, longtime industry insider and former regulator, … likens states handing control over sports betting to inexperienced regulators with a patient placing their life in the hands of an inexperienced surgeon and hoping for the best.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
As one of [Colorado]’s problem gambling therapists predicted in early 2019, “We just are not ready for this.” They weren’t, and still aren’t. As of 2024, the state still has no inpatient or intensive outpatient treatment centers dedicated to problem gambling, and the PGCC website lists thirteen certified treatment providers for the entire state.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
States were unprepared for the onslaught of lobbying that followed the Murphy decision and were caught flat-footed by an aggressive campaign to set up industry-friendly sports betting systems. Facing the promise of a new source of tax revenue, lawmakers largely went along with sportsbooks’ desires without considering the potential harm that could ensue from gambling arriving onto every cell phone in the state.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Using his unemployment checks, he placed at least 151 bets totaling $14,000 over the course of February, losing $2,300. He kept going, gambling multiple times a day almost every day for nearly six months, resulting in a net loss of $7,250. With his mental health deteriorating and a void in his bank account where all the money he gambled should have been, he decided that something needed to change. He moved back in with his parents, outside of Wichita, Kansas. His career, his finances, and his life had been thrown off track. Gambling, he said, “tore me apart.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Polls indicate that between 20 and 40 percent of American adults have bet on sports, many doing so legally for the first time in the last seven years.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
By far the top factor that led Fanatics to label a customer as high-risk was deposit frequency. (The second largest was the percentage of bets placed on days of the week other than Saturday.)
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The nation is in the middle of a rapid embrace of gambling with no overall direction, just more more more. But how much gambling is too much?
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The operators have so much data on every customer, PHAI alleges, they could identify problematic play as it develops. But they choose not to.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The RG [Responsible Gaming] approach is rooted in personal responsibility. By suggesting that players should play responsibly, RG implies that doing so is entirely up to them. If someone develops a gambling problem, then they did not properly utilize the resources made available in the sportsbook app. People have agency and should face the consequences of their decisions, good or bad. But the RG model places the burden on gamblers to make good choices while obfuscating that sportsbooks’ products make it difficult to make better choices. The model also ignores that once someone is hooked on gambling they are no longer actively choosing to play. Instead, their addiction makes it impossible for them to stop.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
If a business sells alcohol to someone who is clearly intoxicated, and that person commits personal or property damage, the business that sold them the booze can be held partly liable. These laws place the onus on suppliers to ensure their customers behave safely and to remove any incentive to overserve someone in pursuit of profit. Levant asks why sportsbooks should not be partly liable if they allow someone with an obvious gambling problem to continue betting and that person commits a financial crime to keep up their habit.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Gambling companies had promised sports betting as a tax revenue bonanza and by converting players from the illegal market, a product that would do little to reshape the total amount spent on gambling. “We’re starting to see policymakers start to really push back on all of the false promises that they were once sold,” Brianne Doura-Schawohl explained.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The NFL justified its embrace of gambling with a new favor­ite Goodell phrase: “fan engagement.” “We’re going to find ways we can engage fans through legalized sports betting,” he declared in 2021. What Goodell meant was that betting offered a chance for people to raise the stakes for the games they already loved and to make being a football fan a more interactive experience. Gamblers had always taken a special interest in NFL games and now there were a lot more potential gamblers, casual and occasional viewers who could be converted into superfans if they thought they could win some money.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
If Andrew really wanted to bet, he could find a way to do so at any moment, self-exclusion and all. Gambling addiction has no cure.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Nearly half of millennials and 60 percent of Gen-Z have bet on sports, including two-thirds of students living on college campuses.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Garnett chose water as the beneficiary for sports betting as a matter of both good policy and good politics. Water turned gambling skeptics—and maybe even opponents—into believers. Western Colorado state senator Dylan Roberts (at the time a member of the state house) said the water tie-in made it a “no-brainer” for him to support the bill, “not because I love sports betting or anything.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The overarching goal for the nation should be a sports betting setup focused most of all on the well-being of gamblers, even at the expense of profit for sportsbooks or tax revenue for states.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The industry’s goal has been to cultivate a second-screen experience. Companies want gamblers to get into the habit of keeping their sportsbook app open while they watch a game, with betting an expected part of the sports viewing experience. Many ads, then, show betting app interfaces on phones or feature someone holding their cell phone while watching a game, modeling the behavior sportsbooks want to inculcate.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Executives and spokespeople constantly argue that offshore, illegal sportsbooks do not have to comply with any regulations or pay any taxes. But legal sportsbooks should be held to a higher standard than illegal operators.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Sportsbooks are doing much more than siphoning money that would have already been spent on betting. They are inculcating sports betting among people who never would have bet otherwise, creating new generations of gamblers.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
From TV broadcasts to data deals, gambling is now an unavoidable part of the football experience, one that the league insists does not threaten the integrity of its product. As it has for decades, the NFL is trying to have it both ways: cracking down on some types of gambling while simultaneously making as much money from gambling as it possibly can.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Gradually his wagers got bigger, as he needed to gamble more money to have the same thrill that he had once gotten from just $5. And because he was betting digitally, the “money never felt real.” Scholars have documented that casino chips help dissociate gamblers from the size of their bets, encouraging them to act more liberally than they ever would with cash. Smartphones take this dissociation to a whole new level.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
States, sports leagues, data companies, media outlets, and others are all trying to get their hand in the sports betting cookie jar, and the cookies only come from one place: gamblers’ wallets.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Every problem gambler’s story is unique. But in many ways, their stories are also all the same. Most sports bettors are drawn to gambling because they love sports and because gambling offers the chance to make the games more exciting. For some people, though, the pursuit of that excitement takes over their lives, leading to addiction—followed, for those fortunate enough, by recovery.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Here was the downside of gambling as a signifier of intelligence: If winning says a bettor is smart, what does losing say? Gamblers chase as much to recover money as to recover their self-esteem. And if they keep betting, they can avoid admitting they have lost. So, if he was down $40,000, what was another $5,000 or $10,000 compared to the possibility of wiping the slate clean?
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Richard Schuetz, longtime industry insider and former regulator, … likens states handing control over sports betting to inexperienced regulators with a patient placing their life in the hands of an inexperienced surgeon and hoping for the best.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
As one of [Colorado]’s problem gambling therapists predicted in early 2019, “We just are not ready for this.” They weren’t, and still aren’t. As of 2024, the state still has no inpatient or intensive outpatient treatment centers dedicated to problem gambling, and the PGCC website lists thirteen certified treatment providers for the entire state.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
States were unprepared for the onslaught of lobbying that followed the Murphy decision and were caught flat-footed by an aggressive campaign to set up industry-friendly sports betting systems. Facing the promise of a new source of tax revenue, lawmakers largely went along with sportsbooks’ desires without considering the potential harm that could ensue from gambling arriving onto every cell phone in the state.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Using his unemployment checks, he placed at least 151 bets totaling $14,000 over the course of February, losing $2,300. He kept going, gambling multiple times a day almost every day for nearly six months, resulting in a net loss of $7,250. With his mental health deteriorating and a void in his bank account where all the money he gambled should have been, he decided that something needed to change. He moved back in with his parents, outside of Wichita, Kansas. His career, his finances, and his life had been thrown off track. Gambling, he said, “tore me apart.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Polls indicate that between 20 and 40 percent of American adults have bet on sports, many doing so legally for the first time in the last seven years.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
By far the top factor that led Fanatics to label a customer as high-risk was deposit frequency. (The second largest was the percentage of bets placed on days of the week other than Saturday.)
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The nation is in the middle of a rapid embrace of gambling with no overall direction, just more more more. But how much gambling is too much?
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The operators have so much data on every customer, PHAI alleges, they could identify problematic play as it develops. But they choose not to.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The RG [Responsible Gaming] approach is rooted in personal responsibility. By suggesting that players should play responsibly, RG implies that doing so is entirely up to them. If someone develops a gambling problem, then they did not properly utilize the resources made available in the sportsbook app. People have agency and should face the consequences of their decisions, good or bad. But the RG model places the burden on gamblers to make good choices while obfuscating that sportsbooks’ products make it difficult to make better choices. The model also ignores that once someone is hooked on gambling they are no longer actively choosing to play. Instead, their addiction makes it impossible for them to stop.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
If a business sells alcohol to someone who is clearly intoxicated, and that person commits personal or property damage, the business that sold them the booze can be held partly liable. These laws place the onus on suppliers to ensure their customers behave safely and to remove any incentive to overserve someone in pursuit of profit. Levant asks why sportsbooks should not be partly liable if they allow someone with an obvious gambling problem to continue betting and that person commits a financial crime to keep up their habit.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Gambling companies had promised sports betting as a tax revenue bonanza and by converting players from the illegal market, a product that would do little to reshape the total amount spent on gambling. “We’re starting to see policymakers start to really push back on all of the false promises that they were once sold,” Brianne Doura-Schawohl explained.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The NFL justified its embrace of gambling with a new favor­ite Goodell phrase: “fan engagement.” “We’re going to find ways we can engage fans through legalized sports betting,” he declared in 2021. What Goodell meant was that betting offered a chance for people to raise the stakes for the games they already loved and to make being a football fan a more interactive experience. Gamblers had always taken a special interest in NFL games and now there were a lot more potential gamblers, casual and occasional viewers who could be converted into superfans if they thought they could win some money.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
If Andrew really wanted to bet, he could find a way to do so at any moment, self-exclusion and all. Gambling addiction has no cure.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Nearly half of millennials and 60 percent of Gen-Z have bet on sports, including two-thirds of students living on college campuses.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Garnett chose water as the beneficiary for sports betting as a matter of both good policy and good politics. Water turned gambling skeptics—and maybe even opponents—into believers. Western Colorado state senator Dylan Roberts (at the time a member of the state house) said the water tie-in made it a “no-brainer” for him to support the bill, “not because I love sports betting or anything.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The overarching goal for the nation should be a sports betting setup focused most of all on the well-being of gamblers, even at the expense of profit for sportsbooks or tax revenue for states.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
The industry’s goal has been to cultivate a second-screen experience. Companies want gamblers to get into the habit of keeping their sportsbook app open while they watch a game, with betting an expected part of the sports viewing experience. Many ads, then, show betting app interfaces on phones or feature someone holding their cell phone while watching a game, modeling the behavior sportsbooks want to inculcate.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Executives and spokespeople constantly argue that offshore, illegal sportsbooks do not have to comply with any regulations or pay any taxes. But legal sportsbooks should be held to a higher standard than illegal operators.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Sportsbooks are doing much more than siphoning money that would have already been spent on betting. They are inculcating sports betting among people who never would have bet otherwise, creating new generations of gamblers.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
From TV broadcasts to data deals, gambling is now an unavoidable part of the football experience, one that the league insists does not threaten the integrity of its product. As it has for decades, the NFL is trying to have it both ways: cracking down on some types of gambling while simultaneously making as much money from gambling as it possibly can.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
Gradually his wagers got bigger, as he needed to gamble more money to have the same thrill that he had once gotten from just $5. And because he was betting digitally, the “money never felt real.” Scholars have documented that casino chips help dissociate gamblers from the size of their bets, encouraging them to act more liberally than they ever would with cash. Smartphones take this dissociation to a whole new level.
From Losing Big: America's Reckless Bet on Sports Gambling
Avg Rating: --Rate This Quote
Topic: Sports
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