Organized Money

FanDuel and DraftKings and the online betting duopoly

Americans lose over $150 billion annually to state lotteries, casinos, and online gambling—that’s $300,000 every minute. How did gambling become so entrenched in American life? And how are FanDuel and DraftKings driving this crisis? In this episode, we’re joined by Les Bernal, National Director of Stop Predatory Gambling, and Dr. Kavita Fisher, a psychiatrist whose life was deeply affected by online gambling addiction. Together, they uncover how corporate giants and state governments profit at the expense of millions, fueling addiction and financial ruin. Check out the Al Jazeera documentary " The Big Gamble": <a href="https://www.youtube.com/watch?v=fQ9qp9UftEE.">https://www.youtube.com/watch?v=fQ9qp9UftEE.</a>            And the New York Times investigation into online sports betting: <a href="https://www.nytimes.com/2023/02/10/podcasts/the-daily/sports-betting-lobbying-laws-states.html">https://www.nytimes.com/2023/02/10/podcasts/the-daily/sports-betting-lobbying-laws-states.html</a>

Organized Money is a podcast about how the business world really works, and how corporate consolidation and monopolies are dominating every sector of our economy. The series is hosted by writers and journalists Matt Stoller and David Dayen, both thought leaders in the antimonopoly movement. Organized Money is a fresh spin on business reporting, one that goes beyond supply and demand curves or odes to visionary entrepreneurs. Each week Matt and David break down the ways monopolies control everything from the food we eat, to the drugs we take, the way we communicate and even how we date. You’ll hear from workers, business leaders, antitrust lawyers, and policymakers who are on the front lines of the fight for open markets and fair competition. If you care about an economy that is free and open, one not controlled by a handful of corporations, Organized Money is for you. New episodes out every week until the end of the year. Organized Money is a Rock Creek Sound production, from executive producers Ari Saperstein and Ellen Weiss, and senior producer Benjamin Frisch.