Name: Will the Sports Industry Regret Getting into Bed with Gambling?
Uploaded: 2025-02-02T11:00:00Z
Duration: 1 min 13 s
Description: WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the impact on sports by betting apps, like DraftKings and FanDuel, with Chris Marangi, co-chief investment officer of value at Gabelli Funds.

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WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the impact on sports by betting apps, like DraftKings and FanDuel, with Chris Marangi, co-chief investment officer of value at Gabelli Funds. Photo: WSJ

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WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the impact on sports by betting apps, like DraftKings and FanDuel, with Chris Marangi, co-chief investment officer of value at Gabelli Funds.

Will the Sports Industry Regret Getting into Bed with Gambling? 

But do you think that the sports industry is going to regret getting into bed with gambling?

It's a great question. It's a really interesting debate. And lots of folks in the leagues have thought about this. How do we meet this need, meet this desire on the part of consumers to bet on games? Obviously, they were finding, before gambling was legal, before 2018, people were finding ways to bet on sports in ways that may have been not desirable or less desirable than legalized gambling. But, you know, how much do you wanna push it? I think the league owners, the team owners have to be aware of the integrity of the game, preserving the integrity of the game, the fairness. So, you know, there's a lot of sensitivity to betting scandals. We had one last year in baseball. Maybe there'll be others. But it's certainly something to pay attention to. Ultimately, don't think it's gonna impact the trajectory of sports team valuation. And, you know, this is gonna be additive and, you know, we think they're great long-term preservers of value.

Will the Sports Industry Regret Getting into Bed with Gambling?

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