Gambling revenue is a lifeline for leagues and team owners. Due to increased cord-cutting, they are losing out on lucrative television revenue, and younger generations are showing less interest in watching games in full. Gambling can help generate interest in games, and even entire leagues, that you might not otherwise consider watching. Last October, washington post The NFL reported that it earns $132 million annually from gambling-related sponsorships, up from $35 million in 2018. The same goes for the NBA, MLB, NHL, etc.
Meanwhile, the very lobbying groups that brag about how much money leagues can make from legal sports betting also dismiss any suggestion that it's creating more misery in America. “I don't believe there is an addiction to mobile gambling any more than there is an addiction to using cell phones for other reasons,” said Bill Miller, president of the American Gaming Association. 60 minutes During February. He is skeptical that gambling addiction has increased since 2018, and if there is indeed a noticeable increase, it would mean the industry is more aggressive in warning at-risk gamblers. He said that this may be due to the fact that it is emitting
Headline-generating sports betting scandals like those seen in recent weeks are likely to continue. Athletes (young, wealthy, and usually male) are just as susceptible to gambling problems as their peers. There may never be a scandal comparable to, say, the 1919 Black Sox, but Porter-esque mini-scandals are likely to recur. Despite this, this major scandal has received little attention. The acceptance of sports gambling is causing addiction, bankruptcy, and social collapse. Politicians and sports leagues are also responsible, but they don't acknowledge it or do anything about it.