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Yo serious. I'm serious right now,
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when I realized that I was addicted to online gambling,
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when, when I was up on a Tuesday morning because it
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was 4 a.m. gambling on a Russian basketball team.
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Russians have basketball teams.
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They have a whole league over there.
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And your boy was trying to flip $5 to 5000.
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0 my God. Since the Supreme Court,
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let states legalize sports betting in 2018.
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Studies show gambling addiction is on the rise in young people.
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Wait, like, how old do you have to be,
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to be able to bet online?
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Some states is 18 and others are 21 but a lot have
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I wonder why the majority of online bets are young men and
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half of them feel like they bet more than they should.
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What's the most you've ever won?
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I won 1500 on a $5 bet.
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Pedro. Ask me how much I've lost.
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Well, in New Jersey help hotlines have tripled.
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Oh, like the hotlines for family.
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I need help. I need help and,
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and the main age range is like 25 to 34.
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But I have a theory,
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I'm like the real people calling it is like those dudes that
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are gambling like their spouses and partners.
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So they or or they're making them call making.
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I mean experts say gambling is increasing in young people due to
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developing brains. So my brain is still Avita developing.
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I gotta take care of it.
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I got one more year,
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what it says 34 still growing.
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So like studies show too that it may be happening more in
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the black and Latino communities.
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Like they're the ones that are like mostly like over betting.
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Yeah, I clearly I'm an over bet.
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Well, hopefully, hopefully you get better at betting.
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Well, I I can't online gamble out here.
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So, so here to speak about the current state of online
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gambling is Professor Brett Abarbanel,
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executive director of the UN LV International Gaming Institute.
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Hi, Professor, welcome.
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Hello. Thank you for having me.
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Thank you for coming on.
02:07
We appreciate it. So it feels like there's new ways to
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bet on games every day is sports booking just going to keep
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growing or what you're right.
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It does feel like that doesn't it?
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They're always coming on.
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There's all these new areas that are showing up in our everyday
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lives and something really important to,
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to realize is this concept that betting and sports have actually been
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tied together way before this current growth in the United States.
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This goes back hundreds and thousands of years.
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We have tons of examples from history.
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There are some North American tribes,
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for example, that would bet on lacrosse matches that they'd have
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between the tribes. They would pile up all of their like
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beautiful ostentatiously, gorgeous,
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valuable on the side of the pitch and then they tie them
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all together with rope and then this would,
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this would sit and loom over the players while they played the
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match. On the flip side,
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we also have historical instances where betting actually has helped lead to
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rules and creation of parts of the game.
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So for example, some of the earliest rules in cricket and
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in golf were actually to resolve betting disputes,
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you know, 100 plus years ago.
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And today, all of this history is compounded by something that's
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tracked across pretty much every single one of the episodes that happened
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on this channel, which is technology,
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the ways that we can be tracked and offered all sorts of
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different personalized things, right?
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Like personalized bets come up all the time.
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This also exists in betting.
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Sports. Betting really feels like it's growing because it's growing so
03:44
much more in our public awareness and it's evolving with this new
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technology. The activity itself has been around a really long time
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but it's never really been so pervasive in our lives,
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especially in America as it is now.
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And that really makes it feel like this growth is just astronomical
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professor can in professional sports survived the temptation.
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I don't know if you were aware last week show he got
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yesterday there was an NBA player,
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like, are we gonna be seeing this trend with players getting
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tied into, you know,
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rumors of online betting or is it,
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is it, is there gonna be a divorce?
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Eventually? I would say that the answer to to your first
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question, right? Can sports survive these temptations?
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professional sports will survive.
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And my answer is driven by history.
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There's been legal sports betting all over the world for a very
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long time and there have been scandals all over the world for
04:42
Tim Donaghy, the basketball referee Pete Rose in baseball betting
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the Black Sox scandal in 1919.
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Right? If we go back over 100 years now,
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eight members of the Chicago White Sox were accused of purposefully losing
04:57
the World Series and this was tied to the mob.
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This was tied to gambling scandal.
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So corruption throughout sport can become self reinforcing.
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It can just keep going and going and going if nothing is
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done about it. And that means we really need to have
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good governance that comes from so many different parts of sports that
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comes from the sports organizations.
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It comes from the players,
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it comes from the gambling entities,
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it comes from the general public,
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it comes from people like us holding these different groups accountable when
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we start, see these sorts of things occur and then also
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at the same time protecting those that are getting harmed by it
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right? Like you were talking about,
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right? So he is getting caught caught up in all this
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We also have somebody who from what we can tell has
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a gambling problem and needs help on that front as well.
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professor and just a quick question.
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Who's your pick to win?
05:49
March Madness? That's not fair because you and Vi really fell
05:56
on this front, but appreciate you coming on and breaking down
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the, the, the online betting laws and,
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and the current state of online gambling.
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I learned a lot professor.
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I thanks so much for having me take care.
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