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Tech Won't Save Us
How Sports Betting Is Fueling Gambling Addiction w/ Alex Shephard
Apr 18, 2024
54:10
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Alex Shephard from The New Republic discusses the impact of sports betting on fan engagement, game integrity, and athletes. They dive into the rapid growth of sports betting post-2018, the rise of prop bets, and the erosion of communal sports spirit. The podcast sheds light on scandals, societal repercussions, and the unchecked influence of sports betting on society.
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Quick takeaways
- Legalization of sports betting in the US has paved the way for rapid expansion, driven by tech companies like DraftKings and FanDuel.
- The rise of prop bets in sports has shifted focus from communal enjoyment to individual financial stakes, leading to fragmentation in fandom.
Deep dives
Rising Trend in Sports Gambling in the US
In 2018, the Supreme Court's ruling paved the way for the legalization of sports betting in the US, leading to a rapid expansion of sports gambling. DraftKings and FanDuel, American tech companies catering to this trend, were already prepared for the shift, with heavy advertising to capture the market. This surge created a conducive environment for prop bets, enticing players with complex betting options that are difficult to win, resulting in significant profits for gambling companies.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode