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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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Three points secured, the first at the Maradona, but Allegri left the pitch anything but smiling.Watch all Serie BKT matches live with LaB Channel on OneFootball: subscribe for just €9.99 per month!...
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Standout Stats
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With rain in the forecast Sunday, the Red Sox announced a new start time for their series finale against the Royals.
Joey Logano Smacks NASCAR Cup Field With Gateway Pole
Joey Logano earned the pole for Sunday's NASCAR Cup Series race at World Wide Technology Raceway Gateway, the Enjoy Illinois 300, after he and Blaney topped practice.
NASCAR Cup Series Starting Lineup: Enjoy Illinois 300 At Gateway
The NASCAR Cup Series starting lineup for the Enjoy Illinois 300 at World Wide Technology Raceway Gateway is officially set. Joey Logano will lead the field to the green flag after setting the fastest time in qualifying. Kyle Larson will start alongside Logano on the front row, while Ryan Blaney and Christopher Bell will start […] The post NASCAR Cup Series Starting Lineup: Enjoy Illinois 300 At Gateway appeared first on Stadium Rant.
Grand slam, leadoff homer from Lindor lift Mets to 12-2 win over Yankees
Mets rookie Zac Thornton (4-5) allowed two runs and five hits in seven innings during an impressive Subway Series debut.
Press room
After the Women’s First Team beat Inter 1-0 in Biella to book their place in the Serie A Women’s Cup final coach Isaac Guerrero and Cecilia Salvai spoke.Below is the pick of what they had to say.C...
Esquire First Look: Diablo V Is Doubling Down on Darkness
Only three years after ‘Diablo IV,’ Blizzard reveals the next sequel of its hit RPG series exclusively to Esquire.
Matt Olson Comments on Exciting Atlanta Braves Comeback Win
The Atlanta Braves took Friday's series opener against the Philadelphia Phillies.
Orioles vs. Blue Jays discussion
Birthday boy Kyle Bradish looks to pitch the Orioles to a series win in Toronto.
Diego Moreira brace rescues draw for AC Milan at Lazio
Diego Moreira scored twice in three minutes as AC Milan came from 2-0 down to draw 2-2 at Lazio, who dropped points in Serie A for the first time this season. The hosts were well on top in the first half and led through goals from Matteo Cancellieri and Tijjani Noslin.
Rangers Look to Bounce Back in Game Two Against Diamondbacks
The Texas Rangers are back in action against the Arizona Diamondbacks for game two of their three-game series in Phoenix.
On-loan Real Madrid star breaks Lionel Messi record
On-loan Real Madrid starlet Franco Mastantuono on Friday secured for himself a noteworthy piece of European football history. This came owing to his exploits in Fiorentina’s Serie A meeting with Ven...
Diablo TV Series in the Works at Netflix
Netflix is developing an animated TV series based on Blizzard Entertainment's "Diablo" video game franchise.
Diablo TV Series in the Works at Netflix
Netflix is developing an animated TV series based on Blizzard Entertainment's "Diablo" video game franchise.
Scottsdale Quarter slates concert series
Scottsdale Quarter’s annual fall concert series returns Sept. 26, with seven weeks of free live music in The Quad.
Spalletti: We’re willing to fight
The Men’s First Team are in Serie A action on the road on Sunday, 13 September, travelling to Emilia-Romagna to take on Sassuolo on Matchday 4.Ahead of the game, coach Luciano Spalletti gave his tra...
Weekly Stat Review: An introduction
With kickoff only days away, it’s time to introduce a new weekly series for the 2026 Regular Season.
Vasilije Adzic hoping to beat Juventus for Sassuolo this weekend
Juventus sent Vasilije Adzic out on loan to Sassuolo this season, and he will have a chance to show them what they are missing when both clubs meet in Serie A this weekend.There is no doubt Adzic is o...
Rangers Drop Series Opener to Diamondbacks
The Texas Rangers fell 9-1 in their series opener against the Arizona Diamondbacks at Chase Field on Friday night in Phoenix.
Game thread: Iowa State football versus No. 21 Iowa
Date: Saturday, Sept. 12, 2026 Time: 6:30 or 6:36 p.m. CDT Location: Kinnick Stadium, Iowa City Capacity: 61,500 Line: Iowa -14 Television: NBC Play-by-Play: Paul Burmeister Analyst: Todd Blackledge Sideline: Kathryn Tappen Radio: Cyclone Radio Network Play-by-Play: John Walters Analyst: Eric Heft Sideline: Ryan Harklau Head coach Jimmy Rogers makes his Cy-Hawk Series debut as […]
Tigers seek second straight series win against Rockies on Saturday
The Detroit Tigers won their second game in a row for the first time since early August with a 6-2 victory over the Colorado Rockies at Comerica Park on Friday night. Riley Greene’s 3-for-4 performance fueled the good guys on offense and dodged danger on several occasions for a quality start while earning his 10th […]
Yankees Rivalry Roundup: Rays walk off Astros in series opener
Recapping how the Yankees’ top AL opponents fared on September 11th.
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...
Yankees’ 5-Time Silver Slugger Gets Unfortunate Contract Update
The New York Yankees’ five-time All-Star and World Series champion is reportedly at the center of a legal dispute.
The Anti-Woke Right Can’t Figure Out How to Stop ‘Grand Theft Auto VI’
A subset of male gamers have spent years warning that the transgressive series has been neutered by progressive developers, but the backlash isn’t taking hold.
Apple’s always-listening watch features test eavesdropping laws
Apple Inc.'s new always-listening artificial intelligence features for the Apple Watch Series 12 and Ultra 4 could put eavesdropping laws to the test, according to legal experts.
Apple Watch Audio Intelligence: 4 New Features Available On The Series 12 And Ultra 4
Apple Watch's Audio Intelligence is getting a significant number of new features for the Apple Watch Series 12 and Ultra 4 aimed at making your life easier.
Yankees news: Remembering September 11th
Yankees, Mets remember September 11th ahead of Subway Series opener; Michael Fulmer looks to make an impact for Yanks.
'Struggled for rhythm due to 2-month break': Mohammed Siraj
Before the Sri Lanka series, Siraj's last international outing had been the one-off Test against Afghanistan in June, where he bowled 13 overs and took one wicket.
1st & 10 2026: Week #2
KLFY provided coverage and final scores for the second week of the 2026 season through its 1st & 10 2026 series.
Hackler concludes Summer Small Business Lunch & Learn Series with startup workshop
Hackler Hall Event Center will host the final installment of its Summer Small Business Lunch & Learn Series from 11:30 a.m. to 1 p.m. Tuesday, Sept. 15.
Yankees Fans Send Juan Soto Brutal Message In Bronx Return
For the second time this season, the New York Yankees and New York Mets clashed against one another in what is popularly referred to as the “Subway Series”.The Mets took two of three from the Yankees earlier this season and are now looking for an equal or better result this time around in the Bronx.This […] The post Yankees Fans Send Juan Soto Brutal Message In Bronx Return appeared first on HEAVY.