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• Key players in the fight against Big Tobacco told him that online gambling was the next major public-health crisis, and volunteered their help.
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But was I really going to let my grand gambling experiment end like this? “You’re gambling, McKay,” he said disapprovingly. If I put everything I had left on the Patriots moneyline and they won, I would end the season up about $5,000. But I was also seduced by the allure of a big, go-for-broke win, the chance to dig out of the hole I’d dug myself into. I had what I thought were sound analytical reasons to believe the sportsbooks were underestimating the Patriots.

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Prosecutors accused him of siphoning millions from a ticket-resale business, and misleading investors, in order to pay off gambling debts. He borrowed, refinanced, moved money around, and lied about it all, until federal agents showed up early one morning in 2017 outside his Tribeca apartment and arrested him for securities and wire fraud. Carton, a bald, wiry guy with a raspy New York accent, toggles between empathy and razzing his guests—routinely interrupting a confession to bark, “Heard that one before! The Little League umpire who got so deep in the hole that he decided he would try to win it all back in one trip to Atlantic City or else kill himself. I had been up late the night before, sweating a Texans-Seahawks game that didn’t end until about 1 a.m., and I’d slept in longer than intended, leaving Annie to wrangle the kids by herself all morning. “I can’t wait for your gambling experiment to be over,” Annie muttered one night as we drove home from a long weekend at my parents’ house.
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Circa, widely considered the largest sportsbook in the world, is the closest thing that sports betting has to Mecca. Instead, as I rattled off betting lines in rapid succession, explaining my strategy to get back in the black with ever larger bets, I saw them exchange looks of concern. Despite all of my research—my monastic study of the lines, my careful hunt for small edges, my righteous avoidance of the high-risk suckers’ bets that the apps were constantly pushing on me—I had been burned by a bad call from a random referee. In 2024, online sportsbooks generated at least $2.9 billion in taxes for state and local governments, a figure that is growing rapidly. In the years since the Supreme Court paved the way for state-by-state legalization, sports-betting companies have mounted a lobbying blitzkrieg in statehouses across the country.
Four months of burying myself in gambling apps had apparently made me twitchy in ways that were perceptible to my colleagues. While my daughter practiced for a Christmas choir performance, I stayed outside the church, chewing my fingernails as I watched a Chiefs-Chargers game on my phone (lost $400). On tilt—this was one of the terms I hadn’t known before my foray into betting. I had bet on the Cowboys, who were 3.5-point underdogs, to cover the spread—and in the fourth quarter, a win looked within reach for me. “We’re not out to outlaw sports gambling,” he told me.

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Silver laid out some basic realities of the sports-betting economy. He launched a newsletter full of sophisticated sports-betting models and wrote a book about the psychology of successful gamblers. By 2018, Christie’s case had landed before the Supreme Court, which overturned the federal ban on sports betting. Then, in 2012, New Jersey Governor Chris Christie, hoping to boost Atlantic City’s flagging economy, signed a bill expanding sports betting to licensed locations in his state.
In November, two MLB players pleaded not guilty after being indicted for manipulating pitches to help bettors. Two free throws would have won me the bet, but the referees ignored the foul, and the game ended. The Chargers game was a blowout, but the Oklahoma City Thunder went into double overtime against the Indiana Pacers, and I stayed late with Steve to watch the end. Everyone seemed to be paying attention to different games, or rooting for different sub-outcomes within the games. I had expected the sportsbook lounge to be more glamorous, more fun, than the apps I’d been using—a classic sports bar on steroids.
Early in the fourth quarter, it looked like a win was in the bag. I first noticed it during the fourth quarter of the Cardinals-Titans game that Sunday. Scouring the sportsbooks each week for the best lines made me feel like a sharp.
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But even the most easygoing athletes realize that the desperation of a losing bettor can lead to scary places. ” deadpanned Monfils, who at 38 was one of the oldest players on the tour. Garcia, who hosts a podcast called Tennis Insider Club, said players trade tips on how to deal with the abuse. Tennis is among the most gambled-on sports in the world. Værdiborg