Charles Fain Lehman

This is a pretty universally popular law. It passes overwhelmingly. All the sports leagues speak out in favor of it. It's the law of the land between 1992 and 2018.

This is a pretty universally popular law. It passes overwhelmingly. All the sports leagues speak out in favor of it. It's the law of the land between 1992 and 2018.

This is a pretty universally popular law. It passes overwhelmingly. All the sports leagues speak out in favor of it. It's the law of the land between 1992 and 2018.

The American Gaming Association estimates that last year Americans bet over $100 billion on sports. Something like one in three Americans now bets on sports. It's everywhere. It's on your phone. It's on TV. ESPN, which is to say Disney, now runs its own sports book.

The American Gaming Association estimates that last year Americans bet over $100 billion on sports. Something like one in three Americans now bets on sports. It's everywhere. It's on your phone. It's on TV. ESPN, which is to say Disney, now runs its own sports book.

The American Gaming Association estimates that last year Americans bet over $100 billion on sports. Something like one in three Americans now bets on sports. It's everywhere. It's on your phone. It's on TV. ESPN, which is to say Disney, now runs its own sports book.

When you do the sort of cost-benefit math... gambling looks like any other addictive substance, which is that most of the people who participate in it get some small sort of utilitarian hedonic benefit. They get some fun out of it. And then a smaller subset of those people will become seriously addicted and do serious harm to themselves, to others, and potentially ruin their lives.

When you do the sort of cost-benefit math... gambling looks like any other addictive substance, which is that most of the people who participate in it get some small sort of utilitarian hedonic benefit. They get some fun out of it. And then a smaller subset of those people will become seriously addicted and do serious harm to themselves, to others, and potentially ruin their lives.

When you do the sort of cost-benefit math... gambling looks like any other addictive substance, which is that most of the people who participate in it get some small sort of utilitarian hedonic benefit. They get some fun out of it. And then a smaller subset of those people will become seriously addicted and do serious harm to themselves, to others, and potentially ruin their lives.

Gambling addictions associated with all sorts of terrible outcomes, including loss of your home, loss of family, loss of life through personal action. And so we've created this enormous concentrated social harm And in return, we've gotten some kind of anemic tax revenue and a bunch of ads everywhere. It just doesn't seem like a worthwhile trade-off to me.

Gambling addictions associated with all sorts of terrible outcomes, including loss of your home, loss of family, loss of life through personal action. And so we've created this enormous concentrated social harm And in return, we've gotten some kind of anemic tax revenue and a bunch of ads everywhere. It just doesn't seem like a worthwhile trade-off to me.

Gambling addictions associated with all sorts of terrible outcomes, including loss of your home, loss of family, loss of life through personal action. And so we've created this enormous concentrated social harm And in return, we've gotten some kind of anemic tax revenue and a bunch of ads everywhere. It just doesn't seem like a worthwhile trade-off to me.

I don't. And I don't like it for the reasons that I'm skeptical of a lot of vice goods. And I think we tend to systematically underrate their harms. But the problems are the same in every case, which is that They concentrate in a small number of users who will do the overwhelming majority of the using and will experience the overwhelming majority of the harm.

I don't. And I don't like it for the reasons that I'm skeptical of a lot of vice goods. And I think we tend to systematically underrate their harms. But the problems are the same in every case, which is that They concentrate in a small number of users who will do the overwhelming majority of the using and will experience the overwhelming majority of the harm.

I don't. And I don't like it for the reasons that I'm skeptical of a lot of vice goods. And I think we tend to systematically underrate their harms. But the problems are the same in every case, which is that They concentrate in a small number of users who will do the overwhelming majority of the using and will experience the overwhelming majority of the harm.

And everybody else is sort of benefiting off of their backs, which is an alarming arrangement to me.

And everybody else is sort of benefiting off of their backs, which is an alarming arrangement to me.

And everybody else is sort of benefiting off of their backs, which is an alarming arrangement to me.

Yeah, absolutely. You know, and, and I think at this point, many Americans know somebody who's been affected by this. Many Americans know people are in the hole. I was at a wedding recently and a friend of mine from college told me about a friend of his back home in Erie, Pennsylvania.

Yeah, absolutely. You know, and, and I think at this point, many Americans know somebody who's been affected by this. Many Americans know people are in the hole. I was at a wedding recently and a friend of mine from college told me about a friend of his back home in Erie, Pennsylvania.