516: Danny Funt on the Hidden Costs of Legalized Sports Gambling

Tom Richardson welcomes journalist and author Danny Funt to the show to discuss his new book, Everybody Loses: The Tumultuous Rise of American Sports Gambling, and the sweeping impact legalized sports betting has had on leagues, media companies, athletes, and fans. Drawing on years of reporting and research, Funt examines how professional sports leagues went from staunch opponents of gambling to some of its strongest supporters, and what that shift has meant for the modern sports business. The conversation explores the financial incentives that fueled the expansion of sports betting, the role media rights and audience engagement played in changing league attitudes, and the rise of companies such as DraftKings and FanDuel. Funt also discusses the growth of prediction markets, the overlap between sports betting and financial speculation, and how new platforms are reshaping consumer behavior and sports fandom. Funt takes a deeper look at some of the unintended consequences of the betting boom, including athlete harassment, player prop wagering, integrity concerns, and the growing pressure placed on professional and collegiate athletes. He also examines the challenges facing regulators, the influence of private equity and ownership groups, and the ethical questions surrounding the integration of gambling into broadcasts, media coverage, and fan experiences.Connect with Danny: https://www.linkedin.com/in/danny-funt-2695b4a3/Subscribe to the CUSP Show: SubstackThe CUSP Show is hosted by Joe Favorito (@Joefav) and Tom Richardson (@ConvergenceTR) and produced by Sam Henry (@s_henry11), LJ Holmgren (@LJ_Holmgren), and Danny Hagenlocher (@DhColumbiaSPS), with social media efforts led by Lissa Ruiz and Sydney Cristall. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thecuspshow.substack.com