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The Hustle Daily Show
How sports betting went so mainstream so quickly
Feb 7, 2024
The podcast discusses the sudden surge in popularity of sports betting and its mainstream status, as well as the decline of Blue Sky and news on Boeing and Apple. It explores the inconvenience of device reset, VR safety concerns, and sports betting popularity. The rise of sports betting, its challenges, and the normalization of sports betting apps are also discussed.
16:11
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Quick takeaways
- The mainstream acceptance of sports betting is evident in the sheer amount of money involved and the prevalence of gambling advertising.
- Ensuring the protection of children and vulnerable individuals from the harms of gambling will continue to be a pressing task.
Deep dives
The Rise of Sports Betting
Since the US Supreme Court lifted the ban on sports betting in most states, the industry has experienced rapid growth. In just one year, over $106 billion was wagered on sports. This surge can be attributed to the opening of sportsbooks near stadiums and the popularity of sports betting apps. Even sports leagues and broadcasters, who were initially resistant to gambling, have now embraced it, evident in the NFL hosting the Super Bowl in Las Vegas. The mainstream acceptance of sports betting is evident in the sheer amount of money involved and the prevalence of gambling advertising.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode