Time to Call Off All Bets on Sports Gambling – Breakpoint

A few years into widespread legalized sports gambling, the results are in, and it is clear that this industry is devastating for individuals, families, and even sports. In an article for The Atlantic, Charles Faith Lehman states the truth bluntly: “Legalizing Sports Gambling Was a Huge Mistake.” The data supports that claim. 

$35 billion in bets will be placed on NFL games alone this season. That is about a third more than last year, and 100% more than just six years ago, when sports gambling became legal (again). The Professional and Amateur Sports Protection Act of 1992 effectively banned sports gambling in most places, but the U.S. Supreme Court overturned the law in 2018 paving the way for states to regulate their own industries. Today, in 38 states plus Washington, D.C., there are no meaningful regulations.   

As a result, sportsbooks have raked in over $300 billion in just six years. Obviously, that money did not come from the winners. According to Lehman, the return of sports gambling “has caused a wave of financial and familial misery” that “disproportionately falls on the most economically precarious households.” In other words, those who have the least money to lose do the vast majority of losing.  

The damage is enormous. For every dollar spent on betting, household investing fell by an average of two dollars. Since 2018, there have been large increases in over-drafted bank accounts and maxed out credit cards. Legalized sports gambling has increased “the risk that a household goes bankrupt by 25 to 30 percent,” and it has caused debt delinquency to surge.  

This financial strain, in turn, worsens social pathologies. According to research cited by Lehman, an upset loss for an NFL home team correlates to a 10% spike in male domestic abuse. Overall, states with legalized sports gambling have seen an estimated 9% increase in “intimate-partner violence.”  

Given this data comes from the same states just a few years apart, it is highly unlikely these correlations are mere coincidences. Sports gambling is causing financial ruin and domestic violence in homes. As Lehman put it, measuring this industry is more than counting dollars and cents. It is counting the cost to human lives, especially to women and children dragged into a destructive and addictive pastime. 

In the age of smart phones, betting has become easier than ever. Wagers can be placed on virtually all aspects of a game, from individual pitches to how long the national anthem lasts. People can make bets from home without traveling to the seedy part of town. Notifications in eye-catching apps and a deluge of catchy ads with false promises open up the industry to people who might never have otherwise gambled. 

And legalized sports gambling corrupts sports. Tennis players, Olympians, and NBA referees have all been caught fixing games and matches. Last year, the NFL suspended five players for gambling-related violations, and a Sportradar analysis found a 250% year-over-year increase in suspicious matches in basketball alone.  

According to Lottery USA, the odds of winning the Mega Millions jackpot are one in over 302.6 million. Powerball is roughly one in 292.2 million. For comparison, the odds of being struck by lightning in a given year are about one in a million. The odds are slightly better in sports betting because, as the adage goes, “The house always wins.” Sportsbooks don’t make $300 billion in six years by minting millionaires out of their customers.  

The national experiment with sports gambling has failed miserably. Laws are often necessary to protect freedom and the common good. Though “consenting adults doing what they want with their money” sounds like freedom, it is as misleading as the idea of “consenting adults doing what they want with their bodies.” In both cases, poorly defined freedom enslaves, addicts, and harms others. In both cases, so-called “consent” is anything but consensual for the innocent parties dragged along, and whose lives are ruined as a result. 

This scourge of an industry is based on a distorted view of freedom that leaves people in bondage. That should be more than enough reason for the American people to call off all bets and reverse on sports gambling, again.