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It has been only six years since the Supreme Court opened the door for sports betting to become legal throughout most of the United States, but gambling has already become an inescapable part of the sports experience.

The sports world recently got an abrupt reminder of the risks that come along with gambling when it was revealed that Major League Baseball’s biggest star, Japanese slugger and pitcher Shohei Ohtani, was entangled in a multimillion dollar betting scandal allegedly involving his interpreter. Ohtani insists that his interpreter, Ippei Mizuhara, stole millions of dollars from him to pay off a bookmaker and that he had no involvement in the payments. The matter is currently under investigation by both the MLB and federal authorities.

Read more: https://www.yahoo.com/news/in-the-wak...

Gambling has always been a part of sports, and so have gambling-related scandals. But the abrupt shift to legalized sports betting, which has now spread to 38 states and Washington, D.C., has changed things dramatically. After decades of keeping gambling at an arm’s distance, major sports leagues, as well as the broadcasters and various businesses that surround them, have embraced it as a major new source of revenue.

A record $120 billion was legally gambled on sports in the U.S. in 2023, a $26 billion increase over the previous year, according to the American Gaming Association. Gambling has also become infused into just about every aspect of the sports viewing experience, through sponsorships, frequent commercials, wager-focused sideline reports and even betting apps integrated directly into broadcasts.

Chapters:
0:00 Bets placed vs. INFORMATION shared
2:53 MLB can't punish Ohtani, because of this
4:30 Future of Betting sponsorships
5:55 "Passive" punishment
7:38 Alcohol, tobacco, gambling dilemmas

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