March Madness season will soon be upon us, bringing with it another grand American tradition: an annual college-sports-betting bonanza. A 2018 U.S. Supreme Court ruling struck down what had been a near-national ban on sports betting, ushering in a wave of legalized gambling legislation across the country. For colleges and universities, the changing sports-betting landscape brings new risks and potentially lucrative financial returns.

Related Reading:

Guest: John Holden, an associate professor of business law and ethics at Indiana University’s Kelley School of Business

For more on today’s episode, visit chronicle.com/collegematters. We aim to make transcripts available within a day of an episode’s publication.