Sports betting boom fueled by sophisticated tech 60 Minutes CBS News
Technology has fueled a sports betting boom and a spike in problem gambling, addiction therapist warns
The rise of sports betting fuels concerns about the gambling problem | 60 minutes 13:20 This is an updated version of the article published on February 4, 2024. You can see the original video here. In February last year, the Super Bowl was held for the first time in Las Vegas. This place is appropriate, considering how important gambling plays a role in the modern sports world. The United States has recently brought sports gambling, which has been popular for a long time, to our mobile phone from the shadow. With advanced artificial intelligence, data, and technical development, fans are invited to bet on the speed of lightning stones, not only in the game but also in all games during the game. What are the first results? Billions to gambling companies, leagues, and state governments, and as mentioned in February for the first time, the population of sports gamblers to stop the inflow has increased. Boston is nothing but sports town.
And if you are in the match, there may be men like Billy. Andrew ... and John ... they grew up together at a local bar. Now, they are 20 years old, and they are talking about beer and chicken wings in one hand, and speaking silly. And recently, a new friend has joined Fundam. 60 Mnit] John Wartheim: What are you betting on?
Billy: Football and hockey ... John Weartheim: Is there a team? Andrew: Blue Ins, Patriots. If you want to lose money, bet on Patriots. (Laughs) Winning money and money to lose ... For millions of fans like them, it's one of the reasons for watching and enjoying sports.
The Supreme Court ruling in 2018, where the promotion of sportsbooks such as Fanduel and Draftkings is being held everywhere during the match, has opened a way for each state to legalize sports betting. The 38 states, which were fascinated by new profits, have legalized at our report. And Americans spent more than $ 1 trillion for sports betting. This is comparable to Greek's gross domestic production. The league has benefited. The same goes for the network. For decades, odds and point spreads have been considered taboo. And now? ESPN has its own sportsbook. All sentence open: When I work on a tennis channel, I are sitting here. At the bar, casual and sociable pans like Billy, Andrew, and John is pleased with the victory.
John Wartheim: How much did you bet? John: $ 8 for $ 8. John Wartheim: Well, I won $ 300 ... Billy: Did you win $ 347? Andreas: That's amazing. John Weartheim: You are ...
Jon Wertheim: Wait, I won.... Billy: I didn't know. It's all just starting, and surprisingly, there's not much data because there's no federal funding for gambling research. But the research study confirmed that of the 50 million sports bettors in the United States, those under 35 are far from the largest demographic. For decades, leagues have feared that gambling would corrupt the competition. So far, this crisis has not manifested. But in the last five years, the number of young people addicted to gambling has increased. Joe Rusquilo (26 when we met) says his problems began in his student days. And in 2022, sports betting began in his hometown of New York. Joe Rusquilo and Cell Phone 60 minutes Jon Wertheim: What impact did it have? Joe Rusquilo: It had a big impact. I was active my whole life. So I was.... I was getting a check every week. But he introduced me to the cost of the application that I was using. Jon Wertheim: Were you interested in the game itself? Joe Rusquillo: I'm a sports fan. But as the years went by, I became less interested in the game itself and more interested in the outcome.
What bookmakers need is the ability to place new bets with one hand. Joe Rusquillo: I can get up in the middle of the night, pick up my phone, set an alarm for a game, maybe do something weird. I'm always ready to bet on anything. He was secretly placing bets on family holidays. He uninstalled an application one day and reinstalled it the next day. To clean up: Technical Dawn Joe Rusquillo: I use this phone every day. You can't play games on this phone. John Wertheim: I just wanted to say that there aren't that many applications on this phone. A? John Wertheim: If you're not familiar with this, you can imagine a typical human gambling, like a middle-aged man putting his last sip of his retirement savings on the line.
Joe Rusquillo: I think it's more pronounced than ever among the younger generation. The sports clubs, the advertising, the leagues themselves create the emotion, and indeed, what they have to trade in gambling, risking their own resources, is cool, for example. There are clear symptoms of the task. In line with the selective survey of the Siena Institute that we first published in February, almost the middle of the youth who do Internet gambling believe that they trade more than futsal... Five years later, as New Jersey legalized online gaming of sports, the number of calls from state to state about gambling obligations increased [almost threefold. The exceptionally huge demographic group of callers? 25-34. Harry Levant This is an extraordinary social hygiene situation. We haven't talked about this yet. Harry Levant 60 Minutes Harry Levant is a psychoanalyst who specializes in gambling addiction and a leading expert on the impact of online tops on the wealthy. Ten years ago, Levant was a barrister, but his love of gambling was so strong that he was using buyers' funds to feed his own attachment. He discovered in his career that today's reckless players actually look and function quite differently. Harry Levant I have a Patty Levant basically established for us that this is gambling now... It was the NFL on Sunday, but at the draft, the gambling options go far beyond football. Harry Levant Football. Basketball. Hockey. Motorsports. Rugby Volleyball. There was tennis too. Harry Levant Pedro Rodenas playing with Alfredo Pérez in the Charlottesville Candidate Qualifier. John Wertheim: I've never heard of these two before. Who's in this match? Two young guys who aren't in the first 100? Harry Levant John, this isn't about tennis. We're not developing it for supporters of the Charlottesville Candidate Tennis. It's for those who want more action. The possibilities for action are almost endless... Microstrus in the air - giving users the ability to place bets on every feed, feed and rebound.
Harry Levant You can come here and bet on the current movements of the Green Bay Packers. Will it be a punt, a touchdown, an interception, or a field goal? Using methods based on artificial intelligence, DraftKings updates the odds every day... The average fan cannot judge whether a bet is good or bad, and it happens more in real time. Jon Wertheim: Where do these numbers come from? How do you know the possibility of Green Bay transforming? Harry Levant We don't know. They have access to all kinds of statistics combined with artificial intelligence. And they also have the ability to predict what is of concern. Matt Zarb-Cousin is one of the UK's leading gambling industry reformers. He is also said to be a recovered gambling addict. Matt Zarb-Cousin: I think we need to understand the true nature of these companies. They are companies that mine huge amounts of data. Matt Zarb-Cousin is a leading UK gambling reformer and a recovered gambling addict. On 60 Minutes, Zarb-Cousin successfully lobbied for tighter gambling regulations in England, restricting bookmaker advertising and limiting the number of bets players could place. His writing casts a sobering gaze on Britain, where gambling has been legal for decades, as he sees decadence heading straight for America.
Matt Zar b-Kazun: There are many gambling opportunities in the UK. You think this is harmless. I don't know how easy it is to get used to this. According to his book, many gambling companies have given insight into which users are involved, and their binding is increasing. A while ago, Zab u-Kusan succeeded in accessing the information that Fanduel's owner, FLUTTER, had a British buyer using the British Social Information Law. This data was used to develop services and push notifications to eliminate young people from this game. John Wartheim: What did you actually learn? Matt Zar b-Kazun: Finally, among the 93 various data points about this person, he knows when he bids, what kind of offer is valid, and what kind of incentive is effective. Ta. In one case, he played slots for three or four consecutive days. They knew where the customer was in life. For example, they explained the comeback. Forcibly try to return those who have given up gambling for a while. Excluding this, there are 2, 514 deposits in one year, which means about 7 cases a day. John Wartheim: Finally, these gambling companies understand when we will be impulsive and have a lot of data about us. Matt Zar b-Kazun: It's a bad gambling, literally bad gambling. < SPAN> Matt Zar b-Kazun: There are many gambling opportunities in the UK. You think this is harmless. I don't know how easy it is to get used to this. According to his book, many gambling companies have given insight into which users are involved, and their binding is increasing. A while ago, Zab u-Kusan succeeded in accessing the information that Fanduel's owner, FLUTTER, had a British buyer using the British Social Information Law. This data was used to develop services and push notifications to eliminate young people from this game. John Wartheim: What did you actually learn? Matt Zar b-Kazun: Finally, among the 93 various data points about this person, he knows when he bids, what kind of offer is valid, and what kind of incentive is effective. Ta. In one case, he played slots for three or four consecutive days. They knew where the customer was in life. For example, they explained the comeback. Forcibly try to return those who have given up gambling for a while. Excluding this, there are 2, 514 deposits in one year, which means about 7 cases a day. John Wartheim: Finally, these gambling companies understand when we will be impulsive and have a lot of data about us. Matt Zar b-Kazun: It's a bad gambling, literally bad gambling. Matt Zar b-Kazun: There are many gambling opportunities in the UK. You think this is harmless. I don't know how easy it is to get used to this. According to his book, many gambling companies have given insight into which users are involved, and their binding is increasing. A while ago, Zab u-Kusan succeeded in accessing the information that Fanduel's owner, FLUTTER, had a British buyer using the British Social Information Law. This data was used to develop services and push notifications to eliminate young people from this game. John Wartheim: What did you actually learn? Matt Zar b-Kazun: Finally, among the 93 various data points about this person, he knows when he bids, what kind of offer is valid, and what kind of incentive is effective. Ta. In one case, he played slots for three or four consecutive days. They knew where the customer was in life. For example, they explained the comeback. Try to forcibly return those who have given up gambling for a while. Excluding this, there are 2, 514 deposits in one year, which means about 7 cases a day. John Wartheim: Finally, these gambling companies understand when we will be impulsive and have a lot of data about us. Matt Zar b-Kazun: It's a bad gambling, literally bad gambling.
John Bartheim: Is there enough data to accurately judge potential problem players? Matt Zav Kusen Oh, no doubt. That's right. They know those who suffer from addiction. Fratter claims that it is taking measures to protect "weak customers." Sometimes it is completely prohibited. The same goes for the two largest sports clubs in the United States, Draft Kings and Fandoel. But they refused to give specific cases. We agreed to talk to the representatives of DRAFTKINGS about this, but suddenly abandoned an interview with the planned camera. Therefore, we came to Washington to meet Chairman of the American Gambling Association, the main trading organization of the illuminations: John Verthaim with Bill Miller. An Gambling Association 60 Minutes Jon WERTHEIM: Get Our Phone. 24 hours a day. Wipe a little with one hand. What do you think about this entertainment can cause use r-dependent? Bill Miller: I don't think it's dependent on mobile gambling, but also depends on using a phone for other reasons. John Wartheim: Do you think adding a betting layer will make your smartphone more dependent than just looking at Instagram?
Bill Miller: No, I don't know. I don't understand. John Wartheim: All the doctors we talked about said, "I'm aware of the increase in problem gambling." Now, all indicators of the gambler have more people than 2018. Bill Miller: It is certain that the number of people who have a problem with gambling is increasing. The illegal industry is not aware of those people. Miller said that sports clubs are studying gambling schedules to identify problematic players. However, he acknowledged that one policy in this field had not yet worked. Bill Miller: Problem gambling exists. This is a real problem. I don't know if sports fees have become more noticeable or just become more noticeable. John Wartheim: Is that true? Bill Miller: I think it is necessary to provide people the needs to reduce this problem.
But despite all this advanced technology developed to lure gamblers back to the sports arena, people who want to quit gambling are often referred to an old-fashioned solution: 1-800 numbers.... Harry Levant: This is a dangerous approach. John Wertheim: Why? Harry Levant: Because it takes all the responsibility away from you and puts it on the person. It's wrong to use artificial intelligence to deliver addictive products like gambling and microbetting at the speed of light and then tell people to "use it responsibly." This is very similar to what happened with tobacco. It's no coincidence that Harry Levant made this analogy. He recently paired up with Dick Daynard, a law professor at Northeastern University and architect of the first major lawsuit against big tobacco companies. Along with Mark Gottlieb, also a Northeastern University lawyer, they were gearing up to fight mobile gaming addiction. John Wertheim: You rose to fame fighting big tobacco companies. Is there any overlap? Dick Daynard, Professor of Law, Northeastern University (60 mins) Dick Daynard: First of all, we're dealing with an addictive product. We're dealing with an industry that still protects itself by claiming that it's the smoker who really makes the choice. The gambling industry is no different.
Following Daynard's tobacco booklet, they filed the first of a series of lawsuits in December, suing Massachusetts-based DraftKings for misleading advertising, a charge DraftKings officials say they disagree with. The group is also lobbying Congress to pass federal regulations. They say the current patchwork of state-by-state policies simply doesn't work. John Wertheim: This is not Temperance Union. Mark Gottlieb: Of course, with tobacco, we've seen a lot of regulation of how these products are marketed. We want the same for these products. It's the Wild West right now, right? Because there's very little regulation. When the Supreme Court opened the door to sports betting in 2018, it's fair to say no one foresaw that odds for each game would be calculated using artificial intelligence or special push notifications would be targeted to punters. Jon Wertheim: This decision was only five years ago. Mark Gottlieb: I know it's scary. Where will it be in five years? I think products like this could become pretty common and dangerous in a very short period of time. Producer: David M. Levin. Assistant Producer: Elizabeth Germino. Editor: April Wilson.