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Hall of Famers who would have been selling sneakers and Wheaties a generation ago are now getting paid millions of dollars to lure 21-year-olds into online casinos. There is something unsettling about the suddenness with which gambling became omnipresent in American sports. You are, in effect, betting against people who live 20 seconds in the future. “They’re suckers’ bets,” Silver said, which made sense, given that I had already placed several of them. “Look, the nice way to put it is that you’re betting like a recreational bettor.” I took this as a withering insult.

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NFL football was among the hardest sports to win money on—the lines were too sharp, the teams too evenly matched. Sports betting was a game of razor-thin margins and microscopic edges. Also, televised games are broadcast on a delay, which means the sportsbooks can adjust lines before you even see what has happened on the field.
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.
I had put a lot of money on the Seahawks to cover a two-touchdown spread. One Sunday evening, we hosted a small Christmas party, where Steve and Ryan asked me how my gambling was going. While my wife and kids ice-skated, I sat in the minivan, our toddler napping in his car seat, as I put together a six-game parlay (lost $80). Point spreads and moneylines ran constantly through my head, mingling with the omnipresent Christmas carols to create a strange backbeat to the holiday season. Months of diligent recordkeeping were abandoned as the flurry of action caused me to lose track completely of how much I had bet, and on what. It was almost midnight—the Christmas tree was glowing nearby, my father-in-law was dozing on the couch, and I had just lost $500.
Three months in, I had wagered about $11,000 on 117 bets and was right about even. He asked me for a gambling status report, and I informed him that I’d been following his advice—diligently shopping for lines, mostly sticking to point spreads. After a late penalty in a December game between the Broncos and the Raiders turned a meaningless field goal into a bad beat for anyone who had Denver minus 8.5, the Barstool Sports founder, Dave Portnoy, filmed himself melting down on camera. By embracing gambling so completely—normalizing it, celebrating it, reaping massive profits from it—the leagues have all but ensured that many fans will see it as baked into the game itself. It’s easy to start questioning the legitimacy of what you’re watching on the field or the court, especially when the leagues and the gambling-subsidized sports media both have such clear conflicts of interest.
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A true sharp will be effectively banned by every sportsbook in the country before too long. How much do you usually bet on something big? He would text me plans to be at one casino or another, and then flake at the last minute. For three days, I chased Perry up and down the Strip.
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But the great gambling experiment that we’ve embarked on is bigger than the current president. It is perhaps not a coincidence that the casinofication of America is taking place while the Oval Office is occupied by a former casino operator. “People don’t lie when money’s involved,” Tarek Mansour, a Kalshi co-founder and its CEO, told The New York Times. But once I started playing around with the markets, it became clear that insider trading was a feature, not a bug.
But as Carton likes to point out, that small percentage becomes a very large number when tens of millions of Americans suddenly have casinos in their pockets. Gamblers Anonymous has reported young men showing up in droves across the country, and one survey found that nearly one-third of 11-year-old boys had gambled in the past year. Have spiked by 25 percent, and calls to gambling helplines from young men have surged.

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The books are constantly adjusting their lines to keep users evenly balanced on each side of a given bet, in order to limit the risk of lopsided payouts, which would cut into their profits. We rolled up to the BYU tailgate party—fancy bespoke sodas instead of beer; a canned-food drive in place of keg stands—and spent the hours before the game eating barbecue and taking pictures with Cosmo, the beloved Cougar mascot. Like any good father, I had made a project in recent years of indoctrinating my young kids in the sports fandom of my alma mater. In late September, my family piled into our Honda Odyssey and drove to Greenville, North Carolina, for the Brigham Young–East Carolina football game.
About Seminole GamingSeminole Gaming manages six Florida casino enterprises for the Seminole Tribe of Florida, including Seminole Hard Rock Hotels & Casinos in Tampa and Hollywood, Fla. Currently under construction and slated to open in 2027, Hard Rock Hotel & Casino Las Vegas will transform the city’s skyline and provide luxury gaming, dining and entertainment experiences in the center of the Las Vegas Strip. Lunn brings more than 25 years of gaming and hospitality leadership experience to his new role. Travis LunnAlso new to the team and reporting to David Hoenemeyer is Travis Lunn, tapped as President of Seminole Hard Rock Hotel & Casino Tampa, which includes Seminole Gaming’s largest Florida casino.
When my brother put on the Chiefs-Cowboys game, a barn burner that came down to the final minutes, I noted with some alarm that I could barely muster any interest. Upon arriving in Orlando, I had discovered that none of my regular apps worked. What I didn’t tell my family was that I was experiencing my first bout of gambling withdrawal. My family and I spent Thanksgiving in Florida, where my parents and siblings teased me relentlessly about my new gambling vocabulary. I had noticed that the FanDuel-sponsored sports podcasters I listened to most often—Bill Simmons, Cousin Sal, Joe House, and the rest of the Ringer crew—were all under .500 with their recommended picks for the year. A couple of days before Thanksgiving, I called Nate Silver, who was preparing to leave for a poker tournament in the Bahamas.
“This is the most rigged game I have ever seen in my entire life,” Portnoy ranted, pacing around his living room alone, looking like a paranoid QAnon adherent. To watch sports in 2026 is to become, almost inevitably, a kind of conspiracy theorist. Taken together, the proliferating scandals have posed the most significant threat to the credibility of organized sports in the U.S. since Shoeless Joe Jackson got paid to help fix the 1919 World Series. In January, federal prosecutors accused 39 college-basketball players across 17 Division I teams of taking bribes from gamblers to underperform. The NBA gambling ring exposed in October was only the beginning. “Clearly they had money on Indiana,” one wrote.