THE NCAA DIVISION 1 MEN'S BASKETBALL Tournament, which just got underway, is the pinnacle of college sports, an annual all-American rah-rah celebration of athletic competition. The Big Dance. The Final Four. March Madness! It is also, increasingly, a chance for a lot of people to bet a lot of money.
From the casual fun of picking brackets for an office pool, the tournament has evolved to become "America's most wagered-on competition," according to the American Gaming Association, an industry group, surpassing even the Super Bowl in numbers of bets placed. This year the AGA expects the college hoops contest will attract $15.5 billion in bets from 68 million Americans, a huge increase from last year when the group estimated 45 million people would bet $3.1 billion. The driving force behind that stunning five-fold jump, the AGA says: the growing popularity of legal online sports betting.
Since a Supreme Court ruling opened the door in 2018, legal sports betting has exploded in the U.S., fueled by easy access through online apps and expensive, star-studded ad campaigns for online sportsbooks. Some 36 states have passed laws to allow gambling on sports, another eight are considering it and more than half of American adults-146 million people now live in a live, legal sports-betting market. The result: record-breaking revenue for the betting companies, a tax windfall for states and a sharp and troubling rise in serious gambling problems and addiction. It's a trend that experts believe may rapidly worsen, given what is known about the trajectory of compulsive gambling and the experience of countries that have had legal sports betting in place far longer than the U.S.
この記事は Newsweek US の March 31 - April 07, 2023 (Double Issue) 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Newsweek US の March 31 - April 07, 2023 (Double Issue) 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Margo Martindale
Jamie Lee [Curtis, producer] called me and she says, \"Jamie Lee Curtis here. I have a project for you. And you're gonna do it.\"
Malala Yousafzai
\"AFGHANISTAN IS THE ONLY COUNTRY IN THE world where girls are banned from access to education and women are limited from work.\"
In the Eyes of the Law
Jude Law is unrecognizable as an FBI agent on the trail of aneo-Naziterrorist group in real-crime drama The Order
Gonzo Intelligence
Instead of keeping a low profile, Moscow's spies are embracing the limelight and even being welcomed home by Vladimir Putin after their cover is blown
House of Cards
Donald Trump faces negotiations between Saudi Arabia and the U.S. in his second term—could his legacy of normalizing ties between Israel and Arab nations be a help or hindrance?
AMERICA'S Most Responsible Companies 2025
IN THE FACE OF ISSUES LIKE CLIMATE CHANGE and wage inequality, consumers care about the impact of the businesses they interact with and companies are responding.
RULES OF ENGAGEMENT
THE WORKPLACE IS BECOMING A BATTLEGROUND OVER POLARIZED OPINIONS. BUSINESS LEADERS NEED TO GET BETTER AT MANAGING DISPUTES
John David Washington
FOR JOHN DAVID WASHINGTON, BRINGING NETFLIX'S THE PIANO LESSON (November 22) from stage to screen was a family affair.
A Walk in the Parks
Jim O'Heir shares his memories of the hit NBC mockumentary and its cast's hopes of a reunion
Philomena Cunk
PHILOMENA CUNK IS JUST AS SURPRISED AS anyone else at her own popularity.
