In recent years, scandals related to sports gambling have become more common. Two MLB and NBA players have already faced lifetime bans this year alone. Since 2018, bettors have wagered an impressive $330 billion, according to ESPN. Some experts predict that 2024 could be a potential year for even more sports betting scandals.
Following the Supreme Court decision in 2018, which legalized sports betting in many states, the industry has seen significant growth. Leagues and team owners have seized the opportunity to partner with companies and capitalize on this burgeoning market. Sports betting is now legal in 39 states, Washington, DC, and Puerto Rico, and has become a popular pastime among fans.
As sports betting gains popularity among fans, it’s no surprise that athletes are getting involved in gambling-related issues. Recently, two MLB and NBA players were caught up in gambling-related scandals that resulted in lifetime bans for them. In another case, a former interpreter for an MLB player was charged with embezzling millions to pay off his gambling debts. Despite these scandals, leagues and broadcasters continue to embrace sports betting.
Some analysts believe that holding athletes accountable for their actions can help legitimize the sports betting industry. By making examples out of those involved in scandals, leagues aim to ensure the long-term success of this lucrative industry while maintaining fan trust and confidence in the sport itself.
