Sports betting apps entice fans as gambling exacts a growing financial toll
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Watch CBS News
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
A study from the New York Fed found that delinquency rates increased faster in states where online sports betting is legal.
Lawmakers are warning Americans to beware the many financial scams linked to Super Bowl LX, from fake betting sites to counterfeit tickets.
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
The Miami Heat guard was arrested in Orlando in a federal sports betting case that prosecutors say involved using confidential NBA information to place illegal wagers.
Among those taken into custody in the betting investigation today are Portland Trail Blazers coach Chauncey Billups, Terry Rozier of the Miami Heat and former NBA player Damon Jones.
The NCAA has permanently banned three Division I college basketball players for betting on their own games.
California law prohibiting gambling on sporting events, except for betting on horse races, also extends to the increasingly popular daily fantasy sports games, Attorney General Rob Bonta said in a legal opinion on Thursday.
The Athletics' season could have gone any number of ways last season.
The study analyzed search queries mentioning gambling, addiction, addict, anonymous or hotline — such as gambling addiction hotline — from January 2016 through June 2024.
After winning Super Bowl LIX in dominant fashion, the Philadelphia Eagles are the early favorites to win Super Bowl LX at Levi's Stadium in 2026, but oddsmakers give the San Francisco 49ers the 6th best chance to win their sixth title.
Nearly 68 million American adults — about 1 in 4 — plan to bet on this year's Super Bowl.
The early money is heavily on Kansas City to repeat as Super Bowl champions when the Chiefs face the San Francisco 49ers in the Super Bowl on Feb. 11.
Sports betting has quickly turned into a financial behemoth, with $93 billion wagered in 2022. NCAA president Charlie Baker is worried about the impact on college athletes.
Sports betting company DraftKings apologized Monday after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games on the anniversary of the tragedy that killed nearly 3,000 people.
The San Francisco 49ers are the only thing standing in the Eagles way of earning another trip to the Super Bowl.