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Please Stop Conflating Sports Betting Handle With Spending On Entertainment
Editor’s note: The Cashout for paid subscribers will publish on Tuesday. Every September there’s a huge uptick in how much people bet on sports with the start of football season. Which means it’s time to get ahead of a ridiculous narrative before it picks up steam on social media or in mainstream media. Subscribe Every few months I see some version of this: [ Charlie Bilello@charliebilello Americans bet over $165 billion on sports last year, which is more than they spent on movies, books, concerts and sports tickets - combined. 1:00 PM · Jun 28, 2026 · 4.1M Views 258 Replies · 674 Reposts · 4.23K Likes ](https://x.com/charliebilello/status/2071217050328895935?s=20) Fortune published this in July. The headline and start of the story tell the same narrative (emphasis added): Gambling becomes America’s favorite pastime as Americans spend more on sports bets than movies, arts, museums, and music combined: The North American box office totaled $8.87 billion in 2025, which is still 22% below pre-pandemic levels. Recorded music revenue hit a record $11.5 billion. Live music like concerts and festivals brought in $18.51 billion. Meanwhile, book publishers tracked by the Association of American Publishers reported $14.6 billion for the year. And the U.S. museum industry generated an estimated $16.4 billion. Add it up and the total comes to roughly $70 billion, which is less than half what Americans wagered on sports. The story, to its credit, goes on to tell us why sports betting is entirely different, although people who only read headlines will miss that nuance. (The tweet above definitely skips over the nuance.) I will mostly be preaching to the choir here, but it’s worth saying out loud: Wagering money on sports is not the same thing as spending on entertainment from a financial perspective. When you spend money on a movie or concert ticket, that money is gone. You exchanged money for an experience. It’s a good trade! I get to have fun for “x” dollars. (Unless the movie sucks, I guess.) When you bet money on sports, the money is not necessarily gone every time you wager it. It could be gone, but sometimes it’s not and you actually get more money back! That’s not “spending” money or something you should try to compare directly to entertainment spend. A far better comp would be how much people lose at sports betting. That number was more like $17 billion in the US last year, at least for state-regulated sportsbooks. Why are we trying to equate handle and entertainment spending? I dunno. It makes for splashy headlines, I guess. Now, people should be betting for entertainment, and not because they expect to win in the long term; no doubt about it. Anyway, here’s hoping I don’t see people saying Americans “spent” hundreds of millions of dollars on sports betting this fall. Mindway AI and DraftKings Expand Responsible Gaming Drive with Launch of Gamalyze American Football In time for the NFL kickoff, Mindway AI has expanded its partnership with DraftKings to launch Gamalyze American Football the second title in the neuroscience-based Gamalyze Sports collection. Following the success of Gamalyze Football (soccer) during the FIFA World Cup, this gridiron-themed update replaces static questionnaires with immersive, stadium-inspired gameplay. Backed by 10+ years of Aarhus University research, Gamalyze evaluates real-time decision-making to deliver instant, unbiased player risk assessments. Integrated into DraftKings’ platform and nationwide activations, it engages fans when excitement peaks. Ready to upgrade your player protection? Contact Mindway AI to try Gamalyze Sports today. Gambling news roundup 🚨The important stuff 1st NFL Sunday of Season ‘Champagne-Popping Day for Bettors’ (Covers): “The first NFL Sunday of the season was a champagne-popping day for bettors, while the book was left cleaning up the corks,” Caesars’ head of football Joey Feazel said prior to the Sunday night game. “Caesars Sportsbook reported that Detroit’s Jahmyr Gibbs, Baltimore’s Derrick Henry, Indianapolis’ Jonathan Taylor, and Atlanta’s Bijan Robinson were among the top five most-bet players to reach the end zone, and all of them cashed tickets.” [ Ben Fawkes@BFawkes22 A @CaesarsSports oddsmaker on how Week 1 has gone so far: “The first NFL Sunday of the season was a champagne-popping day for bettors, while the book was left cleaning up the corks.” ➡️8 of 10 most popular anytime TD scorers cashed 1:31 AM · Sep 14, 2026 · 276K Views 16 Replies · 16 Reposts · 615 Likes ](https://x.com/BFawkes22/status/2099310001927995849?s=20) 🔍 Are we already getting a “customer-friendly results” narrative in Week 1? NFL Commissioner Roger Goodell spoke with CNBC about the prediction markets industry: “We think that there needs to be stronger regulations into the predictive markets,” Goodell said. “We want to see that to protect the integrity of our game. We want to make sure we’re protecting the consumers that are on those platforms for the NFL. So, we’re continuing to have conversations with them and talk to them about the things that we think they need to do to strengthen that so that they could be potential partners at some point in the future.” More on the NFL + PMs: [ Straight to the Point Quid Pro Quo The NFL has asked Kalshi and other prediction markets to remove certain easy to manipulate markets. Does a potential partnership hang in the balance… Read more 6 hours ago · 19 likes · Steve Ruddock ](https://straighttothepoint.substack.com/p/quid-pro-quo?utm_source=substack&utm_campaign=post_embed&utm_medium=web&embedding_publication_id=1472492) Kalshi was on my podcast?: Kalshi was on my podcast [ The Event Horizon Episode 32: Talking Prediction Market Enforcement With Kalshi’s Robert DeNault Kalshi? On my podcast? Yep… Listen now 5 hours ago · 6 likes · 1 comment · Dustin Gouker ](https://nexteventhorizon.substack.com/p/episode-32-talking-prediction-market-enforcement-kalshi?utm_source=substack&utm_campaign=post_embed&utm_medium=web&embedding_publication_id=1472492) DraftKings Enhances Responsible Engagement Efforts With New Customer Initiatives, Tools and Education (press release): DraftKings Inc. today announced a series of new initiatives designed to promote responsible engagement and increase awareness and use of the tools and resources to help customers make informed decisions and engage responsibly. The efforts include a new digital advertising campaign featuring Kevin Hart and Nick Jonas that promotes responsible engagement, a PGA TOUR sweepstakes that promotes customer engagement with responsible engagement features, the launch of Gamalyze American Football in collaboration with Mindway AI, and new custom cool-off options that give customers enhanced flexibility when choosing a cool-off period. The initiatives build on DraftKings’ commitment to making responsible engagement an integral part of the customer experience and providing players with accessible tools and resources that help them make informed choices about their gaming experience. “At DraftKings, responsible engagement is embedded in how we operate and is essential to building trust with our customers and our long-term sustainability,” said Lori Kalani, Chief Responsible Gaming Officer at DraftKings. “We’ve continued to invest in tools and resources that give customers enhanced access to information about their play and more choices for managing how they engage. From My Budget Builder and My Stat Sheet to player-set limits and new custom cool-offs, we’re continuing to evolve our approach while promoting awareness and use of the tools and resources available to help customers play responsibly.” … DraftKings is launching a new digital advertising campaign featuring Kevin Hart and Nick Jonas that continues the pair’s road trip and promotes responsible engagement and awareness of the tools and resources available to help customers make informed choices about their gaming experience and engage responsibly. The campaign was initially launched on Sep. 10th and will reach customers through digital channels, bringing responsible engagement messaging to fans in an engaging way. bet365 Launches “The Matchup,” a New Weekly Video Podcast Hosted by Super Bowl Champions Chris Harris Jr. and Emmanuel Sanders (press release): "bet365, a global leader in online sports betting and gaming, today announced the launch of “The Matchup,” a new weekly video podcast hosted by former Super Bowl Champions Chris Harris Jr. and Emmanuel Sanders. Featuring current and former NFL players, the original series marks a significant, intentional investment in football as bet365 works to become a go-to destination for U.S. bettors throughout the season. “The Matchup” premieres September 10, with new episodes released weekly in both video and audio formats. Full episodes will be available on YouTube, Apple Podcasts, Spotify and wherever podcasts are available, with clips and additional content rolling out across YouTube, X, Instagram, Facebook, Threads, and TikTok. The show is being produced by Last Row Digital Media. Each week, Harris and Sanders will be joined by guests from across the game to break down the biggest NFL matchups, unpack the latest league news and share perspectives that go beyond the box score. By bringing together two former players with distinct perspectives and firsthand experience, “The Matchup” will give audiences timely context and a deeper understanding of the teams, players and storylines shaping the week ahead. “Every great football conversation starts with a matchup—who has the edge, what everyone is overlooking and what could change the game,” said Chris Harris Jr. “Emmanuel and I have experienced the game from different perspectives, and we want the audience to feel like they are part of the conversation and leave every episode knowing more about the week ahead.” Today’s iGaming companies face new litigation threats as expansive consumer protection statutes spark lawsuits with sky’s-the-limit aspirations, sometimes backed by private funders. Clients of Ifrah Law have a staunch defender in Robert Ward – an agile litigator and case tactician who responds to the changing state of play with creative legal defenses and efficient case-closing strategies. Robert draws on federal clerkship experience and appellate defense work to advise iGaming clients on litigation exposure, white-collar risk, and regulatory defense across multiple jurisdictions. Read More: Robert Ward on Helping iGaming Clients Outmaneuver Lawsuit-Obsessed Adversaries 🔮 Prediction markets Update on legal action in Connecticut: [ Daniel Wallach@WALLACHLEGAL Connecticut says gaming service license holders which received subpoenas over sports prediction markets “are not under investigation” by the @CTDCP but may possess information that could assist the state “in evaluating the conduct of prediction market platforms.” 2:31 PM · Sep 13, 2026 · 844 Views 5 Likes ](https://x.com/WALLACHLEGAL/status/2099143914271670576?s=20) American Gaming Association Opposes CFTC Bid to Block New York Prediction-Market Enforcement (DeFi Rate): “The brief points to the Ninth Circuit’s Aug. 28 decision in KalshiEX LLC v. Assad, which the AGA says supports New York’s authority to regulate sports contracts as gambling. It also cites Kalshi advertising, product comparisons and reporting on Kalshi’s sports volume to argue that the economic product resembles a sportsbook wager more than a conventional financial hedge.” [ Daniel Wallach@WALLACHLEGAL AGA intervenes in CFTC v. NY case to oppose CFTC request for preliminary injunction, says the CFTC’s arguments “obfuscate a simple truth: prediction markets offer sports betting.” Highlights CA9 decision, @DustinGouker (6x), and $1.32 billion in OSB taxes for NY (0 from PMs). Daniel Wallach @WALLACHLEGAL High stakes hearing on Monday in CFTC v. New York State. If SDNY judge Lorna Schofield denies the CFTC’s motion for preliminary injunction, the New York AG would have a clearer path for securing a state court geofencing order against Kalshi, Coinbase, and Gemini Titan. 2:08 AM · Sep 13, 2026 · 4.78K Views 1 Reply · 2 Reposts · 8 Likes ](https://x.com/WALLACHLEGAL/status/2098957043474280584?s=20) Gaming Commission remains member of gambling council after questions raised over ties to Kalshi (Mass Live): “The Massachusetts Gaming Commission will not follow the leads of gaming regulators in Ohio and Michigan and drop ties with the National Council on Problem Gambling over its new association with Kalshi.” Sponsor’s messageTrusted Voices: Conversations About Betting is designed to equip adults, including parents and coaches, with tools and resources to talk to young people about gambling, including information on warning signs, risks and proxy betting. The program is led by retired professional basketball player Randy Livingston and his wife, basketball agent Anita Smith, who share their personal stories related to problem gambling, with the hope of preventing others from experiencing similar harms. Learn more and join the conversation here. 📣 Industry news Gaming M&A: Latest Mergers, Acquisitions and Deals (SBC Americas): “But what else is happening in the world of gaming mergers, acquisitions, investments, and partnerships? Here, we round up some of the news you might have missed.” BetMGM Named Official Sports Betting and Online Casino Partner of the Minnesota Vikings in Canada (press release): BetMGM, a leading iGaming and sports betting operator, announced a multi-year partnership with the Minnesota Vikings, naming it the Official Sports Betting Partner and Online Casino Partner of the team in Canada. The agreement gives BetMGM rights to use Vikings marks across approved sports betting, online casino and marketing activities in Canada. In addition, Vikings Big Kick LuckyTap™, a casino game by Design Works Gaming, is available now exclusively at BetMGM Casino in Alberta and Ontario. “Vikings fans bring a level of passion and loyalty that extends well beyond game day,” said Matt Prevost, Chief Revenue Officer at BetMGM. “As the home of one of the largest collections of sports-themed casino content in North America, BetMGM is uniquely positioned to combine sports fandom with iGaming. We are eager to start football season off strong with another fantastic partnership especially as we expand our reach in Canada to Alberta.” Martin Nance, Minnesota Vikings Chief Marketing Officer, said, “As we continue to deepen our connection with Vikings fans across Canada, we’re proud to welcome BetMGM as the team’s official sports betting and online casino partner in Canada. Their commitment to innovation and fan engagement aligns well with our organization, and we’re excited to create memorable experiences that celebrate Vikings football and connect with Canadian fans in new and meaningful ways.” Caesars Entertainment Launches Ball Rush Jackpots™ in New Jersey,the Latest Proprietary Online Title from Empire Creative™ (press release): Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the launch of Ball Rush Jackpots™, a new ball-and-peg style online casino game developed by Empire Creative™, the Company’s in-house game development studio. Now live in New Jersey across Caesars Palace Online Casino, Caesars Sportsbook & Casino and Horseshoe Online Casino, Ball Rush Jackpots is expected to become available in additional jurisdictions where Caesars offers online casino gaming following regulatory approval. The title expands Caesars’ growing portfolio of proprietary online casino titles, following the successful launch of Ca$hline™ earlier this year and further diversifying the Company’s lineup beyond traditional slots and table games. Ball Rush Jackpots follows the traditional ball-drop gameplay experience where players drop a ball down a board filled with pegs to land in a prize slot. As balls navigate independently through a field of pegs, every drop creates new opportunities to collect feature symbols, unlock bonuses and pursue jackpots, delivering a different experience with every round. “Ball Rush Jackpots delivers a different kind of casino experience for our players, combining easy-to-understand gameplay with meaningful customization, exciting bonus opportunities and jackpot potential,” said Matthew Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital. “As we continue expanding our proprietary content portfolio, we’re focused on creating games that are simple to pick up, rewarding to revisit and designed around the features players enjoy most.” Bally’s Corporation Secures New Financing to Support the Development of the Bally’s Bronx Project (press release): Bally’s Corporation (NYSE: BALY) (“Bally’s” or the “Company”) announced today that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally’s Bronx project and general corporate purposes. The new financing comprises closing date term loan commitments in an aggregate principal amount of $400 million and delayed draw term loan commitments in an aggregate principal amount of $160 million (together, the “Facilities”). … Bally’s Chairman of the Board, Soo Kim, commented, “This important financing allows us to progress the pre-construction planning process so that we are ready to complete the remainder of the capital raise and remain on schedule. Furthermore, the additional liquidity provides us greater flexibility for other capital opportunities.” WORLD JAI ALAI LEAGUE LAUNCHES CENTENNIAL SEASON AND ENTERS NEXT CHAPTER IN MIAMI (press release): The World Jai Alai League will open its 2026 fall season on Tuesday, September 15 at Miami’s JAM Arena, beginning a milestone season that marks 100 years since professional Jai Alai first arrived in Miami. Season X, the tenth season of the Battle Court team-based competition launched in 2022, will also be the first since entrepreneur and sports asset investor Rob Gough acquired the World Jai Alai League in August 2026. The acquisition marks the beginning of a new chapter for the league. World Jai Alai League will maintain the existing Battle Court competition and operating format, with Chief Operating Officer Scott Savin overseeing Season X. Gough and his team will use the coming months to listen to players and fans, evaluate opportunities across the league, and execute plans for a broader evolution of Jai Alai’s presentation, live experience, media, marketing and commercial strategy beginning in 2027. “This is a really unique moment for Jai Alai,” said Rob Gough, Owner of the World Jai Alai League. “We have a sport with more than 100 years of history in Miami, extraordinary athletes and incredible speed, but I also believe there is enormous untapped potential.” bet365 reveals most popular online slots in 3 US states in August (SBC Americas): “In its monthly Gaming Insights and Performance report, growing online casino operator bet365 tracks player trends and game performance in online slots across its North American online casino markets.” The Closing Line is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
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😮 Everything clicks, Bundesliga club enjoys record start
The defining topic of Saturday’s football action was definitely the major crisis and nightmare start of Borussia Mönchengladbach, which was completed in brutal fashion this afternoon with a 0–5 t...
What Nico Schlotterbeck says about his comeback
“I missed it tremendously,” said the 26-year-old with a happy smile after his successful return, explaining: “There’s definitely a certain addiction we pursue. Football is an adrenaline addict...
Gallery: Take a peek at training for derby day
Check out the best pictures from Saturday’s training at the City Football Academy... Men's Team Subscribe to CITY+ for live audio commentary of the Manchester derby City make the short trip to Old T...
Atlanta Hawks Moving 2026 Training Camp to Vanderbilt in Nashville
The Atlanta Hawks will hold 2026 training camp at Vanderbilt University in Nashville from Sept. 29 through Oct. 2 before beginning preseason play.
Live Science reviewed the Celestron StarSense Explorer DX 130AZ telescope
Live Science reviewed the Celestron StarSense Explorer DX 130AZ, a 130 mm Newtonian reflector with smartphone-guided pointing, outlining its optics, observing capabilities and limitations.
Phoenix Suns 2026-27 Player Profile: Collin Gillespie
After a record-breaking shooting campaign, the sharpshooting guard aims for stardom by refining his drive-and-kick game while challenging for a spot in Phoenix’s star-studded starting rotation.
Notes: MLB expansion, position players pitching, 2028 Olympics
One aspect of the upcoming labor battle this offseason, after the collective bargaining agreement expires on December 1, is Major League Baseballs desire to expand from 30 to 32 teams. MLB’s last expansion was in 1998, and Jeff Passan at ESPN in his outline of potential new cities notes that commissioner Rob Manfred wants the […]
The Nerazzurri's training session at the Inter Training Centre
Inter’s preparations continue ahead of their next fixture, the Serie A game against Udinese at San Siro on Monday 14 September at 20:45 CEST.On Friday morning, the Nerazzurri took to the pitch for a...
2026 Season Opener Countdown: 1 Day Remaining
We continue our countdown to the Panthers opening the 2026 season against the Chicago Bears
Vikings Issue Clear Micah Parsons Message Before Packers Game
The Minnesota Vikings offense will have to worry about the Green Bay Packers‘ pass rush ahead of the Week 1 contest. However, as they prepared for the season opener, the Vikings didn’t have to stress over Micah Parsons. During training camp, the Packers placed Parsons on the Reserve/Physically Unable to Perform (PUP) list on Aug. […] The post Vikings Issue Clear Micah Parsons Message Before Packers Game appeared first on HEAVY.
Kids are back in classrooms. Health misinformation could shape the school year
Health officials and experts worry declining vaccination rates will lead to more preventable infections in kids
Dining, entertainment concept approved for the Lake Charles lakefront
The new concept is set to bringing 10 dining options to one venue.
From 'blue wave' heroes to early exits: What happened to the 2018 House Democrats
In 2018, Democrats flipped 42 Republican-held U.S. House seats, gaining control of the House
Colorado Buffaloes football tickets hit slump for Weber State
Deion Sanders issues an urgent plea for support as Folsom Field faces a rare attendance dip, with thousands of tickets remaining and secondary market prices plummeting.
Alloy Personal Training Expands to Ashburn with Family-Run Location
Alloy Personal Training is expanding to Ashburn after owners Erin and Matthew Kelly opened their first Leesburg location in 2024.
New Orleans Pelicans Training Camp Preview: F Zion Williamson
A training camp preview for New Orleans Pelicans forward Zion Williamson.
Everyone Wants to Be Around LSU Football
LSU football suddenly feels like the biggest show in college football. And Brooks Nader is the latest name to join the party. The model and social-media personality was around LSU’s massive season opener against Clemson, joining Livvy Dunne and Theo Von as part of the celebrity presence surrounding Lane Kiffin’s debut. Then LSU went out…
Watch: Barcelona star nets stunning training ground goal
Barcelona star Lamine Yamal conjured up a moment of individual magic en route to finding the net in the club’s latest training session on Friday morning.Winger Lamine is of course in the midst of no...
Is running good for cyclists? Here's what the science says
Running is a convenient form of cross-training; here's how to get the biggest benefit on the bike, and what might have an even bigger effect.
Real Betis pair miss training ahead of Villarreal
Two leading members of the attacking ranks at La Liga outfit Real Betis were notable absentees from group training with the club’s first-team squad on Friday.The pair in question? Antony, and Cucho ...
CDFW News | Commercial and Recreational Take Restrictions in Place for Northern Anchovy in Monterey Bay Due to Public Health Hazard
State health agencies have recommended restricting the take of northern anchovy to bait use only for both the commercial and recreational fisheries in Monterey Bay after determining anchovies contain elevated levels of domoic acid.
Dead and live roaches, egg sacs were found at this Sacramento eatery. Where?
Sacramento County health inspectors closed three dining facilities and cited 10 others this week.
Opposition View: Coventry vs Brighton Preview And Fan Prediction
Goal-starved Coventry City face a crucial test against the Seagulls as a Sky Blues insider breaks down the tactical shifts and breakout stars defining their top-flight return.
Three Way-Too Early Predictions For Boston Celtics Season
The Celtics open up training camp on Sept. 29 and the season begins on Oct. 20.
Wellness Health Fair Today
Local first responders and medical professionals are joining forces today to commemorate the events of 9/11, and promote healthier lifestyles for both public safety personnel and the general public. Whiteville Police and Fire, the sheriff’s office and the Highway Patrol with Columbus Regional’s Donayre Cancer Center to host the event from 1-4 p.m. at Vineland…
‘Tired of politics’: By GOP convention’s end, even Trump had tapped out
DALLAS — President Donald Trump walked a tightrope this week, awkwardly balancing the political with the solemn. By the end, it all seemed too much, even for America’s ultimate political scrapper. Trump spent two days here in full campaigner-in-chief mode in front of an adoring audience inside the American Airlines Center in Dallas, headlining both […]
‘Lioness’ alum Michael Kelly joins ‘Landman’ cast for Season 3
FORT WORTH, Texas — Taylor Sheridan is roping one of his longtime “Lioness” actors into “Landman.” Paramount+ announced Wednesday, Sept. 9, that Michael Kelly is joining the oil drama as
Science World's Iconic 'The Beautiful Dome' Lives On Through New Upcycling Project
After helping to turn Vancouver's skyline into one of the defining images of FIFA World Cup 2026™, The Beautiful Dome is on to its next chapter.
State authority releases draft retail marijuana regulations
Virginia regulators released draft rules for the state’s retail marijuana market, outlining licensing fees and other requirements.
Community rallies with live music after Hertel Avenue businesses recover from flooding
On Friday night, Hertel Avenue will become a gathering place for live music, local shopping and dining as residents come out to support businesses affected by the flooding.
Liverpool unveil memorials for former manager Beard
Liverpool have unveiled permanent memorials at their training ground and outside Anfield in tribute to former women's team manager Matt Beard.
Bristol life sciences manufacturer delays plant closure, final layoffs until year-end
IDEX Health has delayed the final closure of its Bristol facility and layoffs of up to 15 remaining employees until Dec. 31.
Cancer Is Now The Leading Health Threat For 9/11 Survivors 25 Years On
By Ellyn Vohnoutka HealthDay ReporterFRIDAY, Sept. 11, 2026 (HealthDay News) — Twenty-five years after the World Trade Center attacks, cancer has become the defining health problem among survivors who breathed the toxic dust. The number who are getting help paying for cancer treatment has roughly ...
Gold Miner's Luster Lures Funds; Stock Trades Around Buy Point
Gold stock Wheaton Precious Metals is trading around a double-bottom base entry of 154.17. The stock leads IBD's mining sector.
'R.L. Stine’s Pumpkinhead 2' Launches At TIFF Market, Details Revealed
'R.L. Stine’s Pumpkinhead 2' Launches At TIFF Market, Details Revealed With Cassandra Peterson AKA 'Elvira Mistress Of The Dark' Joining Cast.
Proposed Head Start Rule Would Further Undermine Child and Family Health
Head Start, a federal program that supports young children in low-income families, is headlining news in the early childhood policy and health worlds. Early last month, the Trump Administration released a monumental proposal to alter the program’s framework. Head Start is an essential investment in children’s wellbeing that works alongside Medicaid in child care centers, […]