Sports betting is legal in new york city and there's a 51 per cent tax on the revenue. The state says it generated about 70 million dollars in tax revenue, which actually sounds like a positive thing. But some of that money is also going to go towards gambling addiction treatment. I mean, so you might know if you'v ever watched any movie about gambling. That's how they get you.
Americans bet more than $50 billion on sports last year, and that record will likely be broken in 2022 as more states legalize the practice. A professional named Captain Jack and a novice named Emily Stewart explain the perils and glory of betting on the game.
This episode was produced by Hady Mawajdeh, engineered by Efim Shapiro, fact-checked by Laura Bullard, and hosted by Sean Rameswaram, who also edited.
Transcript at vox.com/todayexplained
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