rich & REGULAR with Kiersten and Julien Saunders

Ep 248: We need to talk about sports gambling


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There’s a casino in everybody’s pocket now, and it’s wearing a jersey.

This week’s episode is about sports gambling, why it’s exploding right now, and the data that should make you pause before you normalize it in your house, your group chat, or your relationship.

We promise this isn’t an anti-fun sermon, it’s a reality check. If you’re someone who sports bets but has real limits in place…tell us what’s working. And if you’ve seen this start “small” and turn into something bigger in your life or somebody you love… drop a comment. People actually read them, and somebody needs that story.

We get into:

  • Why “it’s just entertainment” doesn’t hold up 
  • The fantasy sports gateway 
  • The uncomfortable overlap between sports bettors, crypto people, and day traders 
  • The stats that made us go: oh… this is a public health issue (debt, missed bills, payday loans, bankruptcy spikes)
  • How this isn’t “just a men’s issue” anymore and why women’s growth in betting makes total sense
  • The darker stuff no one wants to talk about: mental health, domestic violence spikes, and what happens after “a devastating loss”
  • Why we think gambling needs to be part of modern financial literacy the same way drugs/alcohol were when we grew up
  • What to do if you suspect it’s becoming a problem (and why the hotline is not the solution people think it is)

Links:

  • Watch - VICE documentary: “The Sports Betting Boom” 
  • Watch - Money on the Table - Season 3, Episode 3 - Luck is not a plan 
  • Read - My Year as a Degenerate Sports Gambler 

Connect with Julien and Kiersten on our website, Instagram, Twitter, and YouTube.

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Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes

If you would like to learn more about investing, check out our newest class, Making Money Grow

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