Yes, the odds of sports betting, like every other type of gambling, are fixed so that the house will always win in the long run. This is not just a classic anti-gambling screed. We are in the very early stages of something that has the potential to be very, very unhealthy. New Yorkers have dropped a billion dollars on bets in less than a month.

Louisiana and New York residents are currently being treated to an avalanche of advertisements for newly legal sports betting apps. Already, about 30% of Americans can do so, and analysts say that could reach 83% by the end of next year. We are just now seeing the fruits of the 2018 Supreme Court decision opening the door for states to legalize sports betting. This could be one of the worst public policy trends in a generation. Many states have recently legalized betting via app - a combination of the inherently addictive nature of gambling, the algorithmically perfected addictive abilities of technology, and a sucker’s game in which players are guaranteed to lose. That’s because legal sports betting, long restricted to a few small outposts of debauchery, is now rapidly spreading across the country. We are only a week away from the Super Bowl, which promises to be the most gambled-on Super Bowl in American history.

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