This weekend, one of the most watched sporting events of the year, the Super Bowl, will draw an estimated $16 billion in bets from Americans, more than double last year’s total.
The booming trade is a sign of how gambling has gone from illegal to legal very quickly in many states — and hints at the enormous risks posed by the change.
Guest: Kenneth P. Vogel, an investigative correspondent for The New York Times.
Background reading:
- Cigars, booze, money: A lobbying blitz helped to make sports betting ubiquitous.
- Government oversight of gambling in the United States offers scant consumer protections and looks to the industry to police itself, The Times found.
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