The Hidden Side of Sports Betting: Money, Risks, and Controversies

Sports betting has become a huge deal in the U.S. since its legalization in 2018. Now, it's easy to bet on almost anything related to sports—from the final score to individual plays—all from your phone. You can't watch a game or go to a stadium without seeing ads for betting.

Recent Scandals

Recently, there have been some big scandals. Federal investigators say some people, like former NBA player Terry Rozier, used private information to cheat at betting. Rozier's lawyer says he's not a gambler and will fight the charges. Meanwhile, Portland Trail Blazers coach Chauncey Billups is accused of being involved in fixing high-stakes card games. His lawyer says Billups is a man of integrity and denies the allegations.

Financial Boom and Concerns

The explosion of sports betting has brought in a lot of money. In the first nine months of 2025, it made about $10 billion. But there are concerns. Some experts worry about the impact on gamblers, especially those who lose a lot of money. The big sports leagues also promote gambling, which has raised some eyebrows.

Regulation and Risks

Sports betting is regulated differently in each state. Some states have strict rules about where and how you can bet. But even with regulations, there are risks. For example, prop betting lets you bet on individual player stats, like how many points a basketball player will score. This has led to some controversies, like a game where Rozier played only a few minutes before leaving, raising suspicions about prop bets.

Social Impact

There are also concerns about the social impact of sports betting. It's easy to access, and the ads are everywhere. Some people become addicted, and the financial consequences can be severe, especially for young men in low-income communities.