The Rise of Sports Betting: Between Thrills and Consequences

America’s Insatiable Betting Habit

Americans have developed a profound and seemingly unquenchable appetite for sports betting. As the American Gaming Association points out, staggering figures reveal that people wagered approximately $35 billion on the NFL alone in 2024, with almost $150 billion across all sports. As we move into 2025, predictions indicate that these numbers will continue to soar. Last year, a record $1.39 billion was legally wagered on the Super Bowl, and this year’s figures are expected to surpass that.

However, Danny Funt, author of "Everybody Loses," posits that this phenomenon extends beyond mere monetary stakes. He raises concerns about the implications of this betting boom, particularly regarding the trust and integrity of sports, media independence, and the responsibilities of lawmakers amidst the encroaching influence of gambling lobbyists.

"Everybody Loses" — A Deeper Exploration

In his eye-opening book, Funt delves into the unrestrained expansion of sports betting across the United States. Readers gain insight into how sportsbooks operate, the reasons professional leagues have embraced gambling, and the media’s complicit role in promoting it. He poses critical questions concerning ethics, addiction, and governance.

One revealing chapter discusses how sportsbooks are inclined to cut off big winners while simultaneously doing everything possible to retain the biggest losers. This is not just about numbers and dollars; it showcases real stories of bettors who have lost everything in pursuit of a thrill.

The Ethical Dilemma of Betting

Funt emphasizes that perspectives on the legalization of sports betting are polarizing. He asserts that both sides of the debate can agree on the necessity for fair treatment of customers, particularly vulnerable individuals susceptible to exploitation. His research unveils a troubling reality: the top sportsbooks are often more interested in profit than the welfare of their patrons, shedding light on a system that can be detrimental to many.

He presents his findings against the backdrop of recent scandals, including a point-shaving incident involving 15 college basketball players. In total, over 50 individuals, including past and present NBA and MLB players, have faced criminal charges related to gambling.

A Personal Journey into Betting Culture

Funt’s perspective on sports betting is informed by his experiences as a contributor to reputable outlets like the Washington Post and The New Yorker. In an interview with Deseret News, he articulates how his deep dive into the world of sportsbooks illuminated many previously obscured truths about the industry.

The Concept of "Everybody Loses"

When asked about the title of his book, "Everybody Loses," Funt elaborates that, beyond financial losses, a broader spectrum of loss exists. Sports leagues risk undermining the integrity of their games, while sports media outlets may lose their independence and the trust of their audiences. Moreover, he emphasizes the heartbreaking stories of individuals battling gambling addiction and the collateral damage it inflicts on families and relationships.

The Illusion of Winning

Despite the grim realities, the question remains: why do people continue to bet staggering amounts? Funt notes that many bettors convince themselves that their knowledge will help them outsmart the bookmaker. This delusion, combined with an array of betting options, fosters an environment where gamblers feel empowered to beat the odds. Techniques like microbetting—placing wagers on minute details of a game—further entrench this sense of control, often to their detriment.

The Profit Motive Behind Legalization

Funt points out that while sportsbooks are expected to turn a profit, the U.S. market often presents a contrasting reality. Companies like FanDuel and DraftKings dominate the landscape, leaving others struggling to keep afloat. This situation has caught many industry executives off guard, as the anticipated ease of entering the market did not play out as expected.

The Role of Media in Promoting Gambling

The normalization of sports betting is vastly influenced by its promotion in trusted sports outlets. Funt highlights the detrimental effects of this shift, noting how it ties journalists’ hands when it comes to reporting critical issues surrounding gambling. This intertwining of media and gambling interests creates a potential conflict of interest, undermining journalistic integrity.

Threats to Integrity and Trust

There’s an underlying fear that the explosion of sports betting could compromise the integrity of games themselves. Public perception is shifting; recent scandals have led to a growing belief that athletes may alter their performance to influence betting outcomes. This erosion of trust in the fairness of the game is a significant fallout of the betting surge.

Legislative Embrace and Its Consequences

Finally, Funt examines the legislative zeal for legal sports betting. While many states sought new revenue streams, the burst of new legalization has raised questions about the public health costs and the lack of provisions for managing gambling addiction.

State lawmakers often overlook the necessity of allocating a portion of gambling proceeds to support treatment programs for problem gamblers, creating a cycle where profits are prioritized over public welfare.

Ultimately, Danny Funt’s exploration of the sports betting landscape serves as both a cautionary tale and a call to action. As betting becomes increasingly ingrained in the fabric of American sports culture, the complexities and consequences of this trend demand our attention. From the integrity of athletic competitions to the personal tragedies experienced by gamblers, the stakes are high—far beyond just the money on the table.