Sports Gambling - If You Don't Know, Now You Know I The Daily Show - YouTube

Channel: The Daily Show with Trevor Noah

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This weekend is Super Bowl LIV.
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It's basically a J.Lo concert with concussions.
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-(laughter) -And other than the game
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and the commercials, one of the biggest aspects
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of the Super Bowl has always been gambling.
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In fact, this Sunday's game will shatter the record
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for the most bets on a Super Bowl in history.
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But why?
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Well, let's find out in another installment
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of If You Don't Know, Now You Know.
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-♪ ♪ -(cheering, applause)
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The Super Bowl has always been the biggest day of the year
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for sports betting.
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Same way Saint Patrick's Day has always been
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the biggest day of the year for street vomiting.
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This year, an estimated 26 million Americans
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will wager $6.8 billion,
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and one of the reasons it's such a big day for betting
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is because you can bet on anything.
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NEWSMAN: If it happens at the Super Bowl,
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you can probably bet on it--
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coin toss, the length of the National Anthem,
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even the color of Gatorade
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that's dumped on the winning coach.
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Will any player be arrested in Miami after the game?
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Other prop bets: How many times President Trump tweets
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during the game.
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Will Shakira and J.Lo twerk during the halftime show?
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Jennifer Lopez-- whether or not she's gonna show butt cleavage.
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Yes. For Super Bowl LIV,
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you can even bet on J.Lo's butt cleavage.
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And let's be clear.
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There's definitely gonna be butt cleavage,
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but it's probably gonna happen during a tackle.
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But it is true.
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You can bet on anything
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that has anything to do with the Super Bowl.
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Even the length of the national anthem,
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which is great news for Demi Lovato
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'cause she's singing.
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So she can bet money on the length of the anthem
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and then just be like...
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♪ And the home ♪
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♪ Of the brave... ♪
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(holding note)
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"Brave. Brave, brave. Brave."
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(cheering and applause)
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So...
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The Super Bowl is always a big betting day,
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but this year, thanks to some new laws,
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it'll be even easier to lose your life savings.
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In 2020, sin is in.
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Sports betting is now authorized
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in 20 states plus Washington, D.C.
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NEWSMAN: Since the Supreme Court cleared the way
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for sports betting in the states
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other than in Nevada,
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a growing number of states have legalized sports gambling.
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NEWSWOMAN: Sports betting revenue expected to go
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from $2.5 billion this year to nearly $19 billion
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-in 2023. -NEWSMAN 2: Wow, I didn't see that.
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NEWSWOMAN 2: The case came from New Jersey,
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a state that fought for years
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to legalize sports bets.
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NEWSWOMAN 3: And New Jersey is already poised
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to overtake Nevada as the biggest state
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for sports betting in the U.S.
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Yeah. Thanks to New Jersey,
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gambling on sports can now be legal in any state.
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And now that it's legal,
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sports betting is basically New Jersey's new pastime,
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which means we need to bid farewell
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to Jersey's old pastime,
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eating loose salami on a disgusting beach.
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Now, what's interesting is although Jersey
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may become bigger than Vegas for sports gambling,
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unlike Vegas,
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not many people are planning to spend the weekend.
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To place bets, some sports fans
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are making super quick trips to New Jersey.
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Sometimes New Yorkers visit there
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for only just a matter of minutes
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before they go back home.
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NEWSMAN: Look what happens in New York.
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You open the betting app, and you try,
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and the app knows you are not in New Jersey.
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"We are unable to place your wagers."
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It's just a five-minute ride
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just to come back on the train and go back over.
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NEWSMAN: Bets are made in New Jersey parking lots,
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service stations and train platforms.
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Others take PATH trains,
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finding this to be the fastest way
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to bet and bolt.
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(laughing): Okay.
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Okay, I'm sorry. This...
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This is hilarious.
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So, New Yorkers are going to New Jersey to place a bet,
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but they want to get out as soon as they're done.
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It's almost like they're worried that if they stay for too long,
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they're gonna turn into Jersey, you know?
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It's like, "Come on, guys. Place the bets.
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"We got to get out of here before we turn into...
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"Oh, goddamn it, it's already happening.
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Oh, it's happening. You want to hit the gym?"
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(laughter)
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So, basically, what's happening now
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is Jersey is the new Vegas, except their motto is,
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"Whatever happens in Jersey don't stay in Jersey."
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(laughter)
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Now, what's interesting about the world of sports betting
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is that before it was legal,
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TV networks and sports leagues, they thought that betting
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was the most disgusting thing that could happen to sports.
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But now that they've learned how much money
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they can make off of it, they're all in.
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NEWSWOMAN: The NCAA and professional sports leagues
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had long opposed sports betting,
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saying it could hurt the integrity of the game.
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NEWSMAN: But as soon as the Supreme Court
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freed states to legalize sports betting last May,
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the pro leagues immediately reversed course.
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Within months of the ruling,
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the NBA, Major League Baseball and the National Hockey League
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all made deals with MGM,
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and the NFL partnered up with Caesars Palace.
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NEWSMAN 2: NBA and NHL team owner Ted Leonsis says
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his Capital One Arena will soon have its own sports book.
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Someone comes to you in your seat and is asking,
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"Do you want a soda? Do you want a hot dog?"
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My belief is that people will be coming to your seat and saying,
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"Do you want to bet on the next period,
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the next half?"
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That's right. The leagues have embraced betting so much
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that someday soon, you'll have ushers
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coming up to you while you're watching a game.
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They'll come up to you and ask you to place a bet.
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That's big. Because before that,
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the only kind of gambling they offered at a game
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was whether the hot dogs would give you diarrhea.
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But it is easy. It is easy to see how betting at the games
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could make things a little awkward
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for some of the fans, you know?
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'Cause you'd just be there like... (whoops)
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"Go, Knicks!
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$500 on the Celtics, please."
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(laughter and applause)
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So, now... (laughs)
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You don't want to lose your money.
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-Come on, people. -(cheering and applause)
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You can support a team and keep your money.
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So, now, thanks to the Supreme Court
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and New Jersey lobbying efforts,
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sports betting is poised to become bigger and bigger.
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States are embracing it. Leagues are embracing it.
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It's spreading everywhere. And nobody knows
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where it could go in the future, you know?
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Maybe someday, movies like Uncut Gems
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will start to look something like this.
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♪ ♪
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-How you doing, Howard? -Hey.
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-Looking good, Howard. -That's what I told your mom last night.
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(laughs)
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KOSTA: I made a crazy risk.
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A gamble.
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But it's about to pay off.
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I want to put 40 Gs
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on a six-way parlay in today's game.
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We're just playing horse, mister.
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Why would you bet on that?
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This is me!
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This is how I win!
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MAN: What crazy thing did you bet on now, Howard?
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KOSTA: This kid is automatic from here. He never misses.
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He never misses!
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Where's my (bleep) money, Howard?
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Let me go double or nothing on a big hopscotch game tomorrow.
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You know I'm good for it!
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All right. But here's a little taste
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of what's gonna happen if you lose.
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(grunting)
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(bleep)
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Aw, you (bleep).
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(kids chattering)
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MAN: Hopscotch? You bet on hopscotch?
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The hell is wrong with you, Howard?
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KOSTA: Don't touch the line! Don't touch the line!
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(in slow motion): Don't touch the line!
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How hard is it to jump into a goddamn box?
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MAN: Where's my money, Howard?
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WOMAN: Give me my money, Howard.
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-MAN 2: Where's my money? -MAN 3: Pay what you owe.
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You've got a gambling problem, Howard.
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50 bucks says I don't.