For some, gambling remains a harmless pastime, but for many, it can be ruinous. Losing Big tells the story of the astonishing rise of the online sports gambling industry—and the crisis left in its wake.
$18.00
ISBN: 9798987053706
ebook ISBN: 9798987053713
On Sale: April 1, 2025
Pages: 192
Inside America’s preventable sports-gambling debacle.
In 2018, the United States Supreme Court opened the floodgates for states to legalize betting on sports. Eager for revenue, almost forty states have done so. The result is the explosive growth of an industry dominated by companies like FanDuel and DraftKings. One out of every five American adults gambled on sports in 2023, amounting to $121 billion, more than they spent on movies and video games combined.
The rise of online sports gambling—the immediacy of betting with your phone, the ability of the companies to target users, the dynamic pricing and offers based on how good or bad of a gambler you are—has produced a public health crisis marked by addiction and far too many people, particularly young men, gambling more than they can afford to lose. Under intense lobbying from the gaming industry, states have created a system built around profit for sportsbooks, not the well-being of players.
In Losing Big, historian Jonathan D. Cohen lays out the astonishing emergence of online sports gambling, from sportsbook executives drafting legislation to an addicted gambler confessing their $300,000 losses. Sports gambling is here to stay, and the stakes could not be higher. Losing Big explains how this brewing crisis came to be, and how it can be addressed before new generations get hooked.

Find new ways of looking at the world with Columbia Global Reports. Our $85 subscription includes six paperbacks mailed in advance of publication directly to your doorstep.