last year, more than one in three americans said they'd put money on a game at some point in their life, up from the year before. while the american gaming associational sports betting revenue reached more than 14 billion dollars, up 28 percent from 2023. >> it's gotten to a point where if you're not betting on sports, people are starting to question why you're watching the game. correspondent: for 25-year-old philadelphia resident rob minnick, the gambling gateway was fantasy sports, played as a teenager. the switch to sports betting -- which he began on illegal and offshore sites before turning the age of 21 -- was all too easy. >> if i was going to hang out with my friends or a family event was going to be happening, the center focal point was a professional sport of some kind. and so this idea that we could do what we were already doing but now make money doing it, it was like way too good to be true. and it was. correspondent: too good, because fun with friends became six to eight hours a day of compulsive gambling -- >> gambling was my way of expressing myself to prove i was smart, to prove i could win, to prove that i was worthy. and the mone

that's according to the american gaming association. 38 states, washington, d.c.uerto rico, now have legal sports betting in some form. >>> mcdonald's is bringing back a seasonal staple that's been going strong for more than 50 years. the shamrock shake will return on february 10th. the old mcdonald's character uncle o'grimacey is also returning for the first time since the 1980s. this year 25 cents of every shamrock shake sale will go towards the ronald mcdonald house charities. that's your cbs "moneywatch" report for this wednesday morning. i'm courtney kealy, cbs news, new york. >>> up next, some alarming research on microplastics. what a new study uncovered in the human brain. microplastics. what a new study uncovered in the human brain. ce by checking allstate first. like you know to check the game is actually over, - we won. - [cheering] before you storm the court. ♪♪ ♪okay, okay, okay♪ [owww] yeah, checking first is smart. it's overtime. so check allstate first for a quote that could save you hundreds. ♪♪ you're in good hands with allstate. [excited kids] h

in fact, this sunday, the american gaming association expects 1.4 billion dollars to be wagered legallyhe super bowl. the biggest gambling day of the year. the nfl. >> doesn't move the needle on the nfl is the and yeah, post legalization. and you know how fast and dramatically its expanded across the country. yeah, you're seeing leagues. you're seeing media companies, a lot more partnerships and it's a good thing because americans been betting on sports as long as it gets for its. the bet on this is what i say to folks like just because there's a more variety of fats. it doesn't increase your chances of winning. you know, the odds understand what you're betting on. >> yeah, you got to be smart. if you do get into trouble. they have 24 hour-a-day hotlines available for those who do need some help. don't want you to blowing the family budget over there right now. we're live outside the dome in new orleans. i'm chris hagan. >> can lose the because you think might be the wrong color. gatorade, something like that, chris, here in california, we kept that, you know, it's it's one of the guest

in fact, the american gaming association tells me that 1.4 billion dollars in legalize bets will be madeis week on the super bowl by far the biggest gambling day of the year. >> nfl doesn't move the needle. the nfl is the and yeah, post legalization. and you know how fast and dramatically its expanded across the country. yeah, you're seeing leagues. you're seeing media companies, a lot more partnerships and it's a good thing because americans been betting on sports as long as it gets for its the better. and this is what i say to folks like just because it's a more variety of fats. it doesn't increase your chances of winning. you know, the odds understand what you're betting on. >> yeah. be smart. and if you need help, don't be afraid to ask for far some of the best bets right now, things that the most money is coming in on. it's the eagles to win the game. it's sake one barkley, the running back. the eagles, more than 111.5 yards and get this. dallas got it. the tight end bet on him to get more than 52 and a half yards receiving. those are some good prop bets that i'm being told or where

the american gaming association expects 1.4 billion dollars and legalize bets to be made this weekend. the super bowl by far the biggest gambling event of the year. >> the nfl doesn't move the needle the nfl is the and yeah, post legalization. and you know how fast and dramatically its expanded across the country. yeah, you're seeing leagues. you're seeing media companies, a lot more partnerships and it's a good thing because americans been betting on sports as long as it gets for its. the bet on this is what i say to folks like just because there's a more variety of fats. it doesn't increase your chances of winning. you know, the odds understand what you're betting on. >> and as with all things, moderation is the key for those who need some help. the nfl and a j they have support groups. they have hotline. can call 24 hours a day for those who need it. as for sunday, some inside scoop for you. most of the money is being placed on the eagles money line, meaning you don't want the points. you think philly will win outright and deny the chiefs a chance at history by winning 3 straight s

the american gaming association estimates americans will wager nearly $1.4 billion on the super bowl that number certainly goes a lot higher if you account for non-sanctioned bets between family and friends. sports betting is live and legal in 38 states plus washington, d.c. but in states like california, where legal sports betting is limited, experts say, keep an eye out for some of those fake sites. >> eagle sportsbook operators only offer prop bets on things that happen on the field, things that happen off the field. if you find yourself in an app and you're betting on something that's happening off the field, you're probably in an illegal setting. >> according to axios. americans wager more money during nfl and college football seasons than during any other period of the year, but what else are you going to bet on? >> i can play baseball, i guess, but now football is kind of made for it. it is now. 733. the super bowl is only part of the party today. this morning deebo samuel, saquon barkley and more. you guessed it will take part in the puppy bowl. of course, the original and lo

the american gaming association says that americans are expected to drop nearly $1.4 billion legally, betting on super bowl 59, a number that was unthinkable until a 2018 supreme court decision that essentially legalized sports gambling in states that allow it. but this rapidly growing industry is also cause for concern among some experts. let's discuss with nick costos. he's the host of the you better you bet radio show. nick, thank you so much for being with us. some 38 sports have legalized sports betting. rather, states have legalized sports betting. it's estimated to become a $45 billion a year industry. once the market matures. i wonder why you think it's growing so fast in popularity. >> i well, first. >> off, boris. >> really appreciate. >> you. >> having me. and they named the show after the who song. so yeah, it is. it's a little ridiculous. so i understand betting on sports is it's fun and obviously obviously i would say for everybody like please bet responsibly. >> especially coming. >> up on super bowl sunday. but everyone i know is a sports fan. i surround myself with sp

how much americans will wager on the nation's legal licensed sportsbook, according to the american gaming associationk at how much is wagered on office pools, on illegal bookies and offshore accounts, last year's wagering estimate included those platforms for a total of more than $23 billion. and this year you've got cash and crypto.com crowding their way in. robinhood tried and just ditched its effort to accept trades through the predictions markets. plus, there's sweepstakes style gambling and fantasy plus. look, it's just a lot of competition for the sportsbooks that have invested billions of dollars in licensing and customer acquisition. i got to ask chiefs quarterback patrick mahomes whether the boom in gambling is good for the game of football. >> it gets people watching. i think that that's good for the sport, but at the end of the day, i want people to realize that it's a game that you play on the playground for recess and the stuff that you just go out there and give everything you love. and i think that's what we try to do on the football field. and i think that's everybody on that football

expected on the game through legal and regulated operators, according to data from the american gaming associationsa brewer asked kansas city chiefs quarterback patrick mahomes whether the gambling boom is good for the sport. >> it gets people watching. i think that that's good for the sport, but at the end of the day, i want people to realize that it's a game that you play on the playground for recess and the stuff that you just go out there and give everything you love. and i think that's what we try to do on the football field. and i think that's everybody on that football field. >> now we'll be hearing from a slew of executives across the gambling sector today on cnbc ahead of the big game. and as we're talking super bowl. let's get out now to jay gray who is in the host city of new orleans. jay. >> sylvie, it's. >> friday morning. >> that means it's the start officially. >> to super. >> bowl weekend. we're inside. >> the. >> nfl experience. it's really just an interactive area for fans to have a little fun, get involved in what it's like to be a football player, at least for a few seconds, ri

last year, the american gaming association estimated all gambling, including illegal and offshore, to$23 billion. i mean, that really illustrates here the juggernaut that is unlicensed play. this year's sweepstakes based gambling has exploded. you've got cash and crypto.com offering trades on the game through the predictions markets. robinhood just this week yanked similar offers off its site. i asked the nfl about gambling through these commodities markets. >> we need to make sure that integrity is first. and if law enforcement agencies or other agencies don't have those sorts of structures in place to ensure that that integrity can be kept first and foremost, and it can be regulated in a way that is sensible, we're going to have issues with it. >> the gambling industry most certainly takes issue with it. after all, companies like fanduel and draftkings, caesars and bet mgm have spent billions of dollars lobbying on legalization, on licensing and customer acquisition, and states here may lose a lot of tax revenue. we'll have to see how that plays into the whole battle. the sportsbook

the american gaming association estimates $1.39 billion will be bet legally on sunday's game.e estimate it was more than $23 billion because they wrapped up office pools. the illegal bookies, the offshore operators. that means that really sportsbooks are facing an intense field of competition for gambling dollars. so when you look at this year, you have cash and crypto.com offering those prediction market trades. robinhood just this week yanked its offers on the big game. plus, there are sweepstakes style gambling and fantasy sports, all offering bettors a way to. add a little additional excitement to the big game. i actually talked to kansas city chiefs quarterback patrick mahomes about whether the boom in gambling is good for the game. >> he gets people watching. i think that that's good for the sport, but at the end of the day, i want people to realize that it's a game that you play on the playground for recess and the stuff that you just go out there and give everything you love. and i think that's what we try to do on the football field. and i think that's everybody on th

. >> and it's not just offshore, but and last year, the aiga, the american gaming association, said $23wl, but much of that belonged to offshore operators. but now you're also dealing with a big explosion in sweepstakes style gambling, a big explosion in fantasy plus that offer pick'em. it looks very much like sports betting. and then the predictions markets with cash and crypto.com offering trades on the super bowl. can a licensed operator effectively compete and be profitable with all of that competition in the bigger sphere? >> i mean, listen, at the end of the day, competition is a great thing for the sector. it's great for consumers. it's great for all of us. it forces us to up our game, but we think it should be on a level playing field. you know, the rga has called on state regulators to actually look at some of these operators. and if they if you're betting against the house, then you should be held to the same rules. go get a license, pay taxes, protect for underage gambling, and protect from predatory consumer practices. >> you have a long day ahead of you, culminating in a bi

according to the american gaming association, last year, that estimate was a total of more than $23 billionestimate included office pools, illegal bookies and offshore operators. that illustrates the juggernaut, right. and this year you have cash and crypto.com crowding their way in. robinhood tried just this week ditched its efforts to accept trades through the predictions markets. plus, of course, there's sweepstakes style gambling and offshore markets that are all offering bettors a way to add some additional excitement to this big game with the sportsbook. really want is not to compete with these operators that don't pay state taxes, haven't paid billions to lobby, legalize and license their platforms, and don't adhere necessarily to know your customer regulations or face potential backlash from regulators over problem gambling concerns. derek stevens, who's the owner and ceo of circa sports, told me it doesn't really make a lot of sense to be paying tens of millions of dollars in taxes and fees to states as a licensee, if a legal business model exists without all of that extra expense.

game. >>> and mustard on the heartbeat? how kendrick lamar's "not like us" could help save a life. according to the american heart association. "early today" starts right now. >>> glad you're with me this morning. i'm frances rivera. washington is still reeling from president trump's remarkable suggestion that the u.s., quote, take over the gaza strip and expel the palestinians who live there. seeming to walk back parts of the plan, the white house press secretary claimed that any such relocation would be temporary. but while she said the president has not committed to sending american troops to gaza, she did not explicitly rule it out when asked. on capitol hill, the proposal drew criticism from democrats and republicans alike. >> i haven't seen the first hand account, but obviously, that's not going to happen. >> i think that would be a tough place to be assigned if you're an american soldier. we'll see what the arab world says, but, you know, that would be problematic at many, many levels. >> i'm speechless. that's insane. i can't think of a place on earth that would welcome american troops less and where any positive out