Connect with us

South Dakota

Growth of sports betting may be linked to financial woes, new studies find • South Dakota Searchlight

Published

on

Growth of sports betting may be linked to financial woes, new studies find • South Dakota Searchlight


While states have cheered the new tax revenue from sports gambling, some new studies have linked the burgeoning industry to lower consumer credit scores, higher credit card debt and less household savings.

With access on their cellphones, gamblers can bet more often and easily than in traditional casinos, heightening concerns about problem gambling and the financial fallout for sports fans. The rate of gambling problems among sports bettors is at least twice as high as it is for other gamblers, according to the National Council on Problem Gambling.

Legal sports gambling is more widespread than ever. Missouri voters in November became the latest to approve it, making it legal in 39 states — including South Dakota — and the District of Columbia. Last year, Americans bet more than $121 billion on sports, according to the American Gaming Association. While betting revenues are exploding, the industry is still relatively young — only blossoming after a 2018 U.S. Supreme Court ruling opened the door for states to authorize sports gambling.

So far, researchers have not reached a consensus about potential harms, though three papers released this year found poor financial results for consumers in states with legalized sports gambling.

Advertisement

GET THE MORNING HEADLINES.

Advertisement

In a working paper released in August, researchers at the University of California, Los Angeles and the University of Southern California determined access to legal online sports betting led to lower credit scores and higher rates of bankruptcies. That study examined credit bureau data of more than 4 million American consumers.

“Our results ultimately suggest that gambling legalization does harm consumer financial health,” the report said.

That paper did not assess specific solutions but called on policymakers to find ways to protect residents at risk of becoming problem gamblers.

“If no action is taken, it is highly likely that the large increase in sports betting will lead to a long-term increase in financial stress on many consumers and policymakers and financial regulators should be prepared for this.”

A study led by a Southern Methodist University professor released in June found problem gambling increased in states that introduced online casino gambling alongside online sports gambling.

Advertisement

Another working paper from researchers at several U.S. universities found legalized sports betting drained household finances more than other types of gambling and diverted money from saving and investing.

The research comes as some state lawmakers have pursued new restrictions on sports gambling and federal lawmakers have eyed stricter regulations. Last month, New Jersey lawmakers introduced legislation to ban so-called prop bets — bets on a particular player’s performance that may not affect the outcome of a game — on college athletes. If approved, it would join 13 other states that ban those bets. The measure has advanced out of an Assembly committee.

In September, congressional Democrats introduced legislation that would implement minimum national standards and authorize research on the public health implications of sports betting. Among other provisions, the bill would ban sports book advertising during live sporting events, prohibit more than five deposits from gamblers in a 24-hour period, and prohibit artificial intelligence tools that create specialized promotions by tracking individual gambler habits. But it is unlikely to progress in the GOP-controlled House.

“State regulation is faint-hearted and half-baked,” Democratic U.S. Sen. Richard Blumenthal of Connecticut said at a news conference announcing the legislation. “That’s why we need a national standard — not to ban gambling, but simply to take back control over an industry that is out of bounds.”

Industry pushes back

Joe Maloney, senior vice president of strategic communications at the American Gaming Association, said legal betting is among the most regulated industries in the country.

Advertisement

Aside from providing new revenue streams for states, Maloney said, legal sports betting has brought many consumers out of the illegal betting markets, providing more transparency for consumers and money for problem gambling programs.

“You can go to any state that has yet to have an opportunity to erect a regulatory market and see a predatory and even more pervasive offshore, digital, illegal market that’s targeting consumers in those states,” he said.

Deadwood sports betting has its first million-dollar month

Maloney pointed to long-standing research finding no correlation between financial hardship and proximity to casinos. But he acknowledged that it isn’t yet clear whether sports betting has a different effect.

“I think that topic needs to be further explored, because the scale of legalized gambling online and in the digital space is still very much in its infancy,” he said.

Advertisement

But Maloney is skeptical of the idea that sports gambling harms household finances. He noted that Americans last year had record 401(k) holdings and record mutual fund ownership.

Maloney highlighted a separate piece of recent academic research that determined the rapid rise of sports betting hasn’t led to an increase in adverse mental health outcomes or financial difficulties. The paper examined self-reported data on mental and financial health from nearly 2 million survey responses across multiple states with legalized betting.

The results were somewhat surprising to lead researcher Timothy Bersak, an associate professor of economics at Wofford College in South Carolina. He said the findings contradict a popular narrative that sports betting leads to widespread harms.

“Our results suggest that there’s not like a really large population of latent problem gamblers that would have these large gambling problems but for the prohibition on sports betting,” he said.

Bersak said his findings don’t negate other recent research: There is a segment of the population that is likely worse off because of sports betting, he said. But for now, a much larger share of the population said they are not being hurt and finding enjoyment from it.

Advertisement

“We really can’t have any sense of the long-term impacts at this point,” he said. “Because at least in the U.S., it’s only been around for at most six years.”

‘That money’s gone’

Justin Balthrop, an assistant professor of finance at the University of Kansas, expected that legalized sports gambling would displace other forms of entertainment spending. Maybe someone would forgo a night out, for instance, and instead put a few bucks on Sunday’s game.

But a paper he co-wrote — titled “Gambling Away Stability” — found that legalized betting led households to spend more on both entertainment and betting, while putting less in savings and investment accounts.

Pretend that the hundred bucks … is an entry fee, and maybe you get to leave with some of it. But you need to mentally know that money’s gone.

Advertisement

– Justin Balthrop, assistant professor of finance at the University of Kansas

The paper examined financial transaction data from more than 230,000 households across 26 states with legal sports betting between 2018 and 2023. In households that placed bets, net investments dropped by 14% after legalization — a significant figure when factoring in the expected long-term gains of compound interest and rising stock prices.

“What’s happening is they’re pulling money from what I think we would argue are more long-term productive uses of their funds to do this instead,” Balthrop said.

Advertisement

Researchers found that sports betting disproportionately hurts lower-income households as they run up credit card debt and overdraft checking accounts.

Balthrop said policymakers should do more to provide education and transparency to consumers, so they know the full extent of the odds against them.

A gambler himself, Balthrop said bettors should go into every bet financially and mentally prepared to lose because most bettors don’t win.

“I would say the same thing as someone who goes to a casino: Pretend that the hundred bucks you’re bringing to the casino is an entry fee, and maybe you get to leave with some of it,” he said. “But you need to mentally know that money’s gone.”

West Virginia state Sen. Jason Barrett, a Republican, said he believes most people who have placed bets since the state legalized sports gambling in 2018 have done so for fun — not with the expectation of making money.

Advertisement

“The way I look at it is, if somebody decides that they’d rather spend $50 on the outcome of an NFL game as opposed to going out to the movies, I think they should have the right to do that,” he said. “I’m not aware that there are a lot of people that are doing this for a real investment.”

South Dakota Lottery revenue projected to fall by $4.7 million, report says

Barrett, the treasurer of a national group of state lawmakers that works on gambling issues, noted that sports betting is still just a fraction of the overall spending on gambling in West Virginia. The American Gaming Association reported sports betting last year brought in about $48 million in revenue in West Virginia; total casino revenues in the state reached nearly $806 million.

While problem betting is always a concern, he said he’s seen no evidence sports gambling has dramatically increased addiction.

“I don’t think all of a sudden that we’ve offered one new product through sports betting, that all of a sudden we’re going to create a bunch of gambling addicts,” he said, “or that people have this illusion that they’re somehow going to regularly beat the book, and that this is going to somehow replace their retirement.”

Advertisement

The American Gaming Association reported that commercial gambling revenues hit a record $66.66 billion last year — a 10.3% increase over 2022.

While casino revenues continue to rise, sports gaming revenues are exploding: Last year, when sports betting became available in five new states, the group reported a total of $11 billion in sports betting revenue — a 46% increase from the previous year. That figure does not include sportsbooks operating at tribal casinos.

Those figures will likely continue to rise as more states approve sports betting.

Missouri regulators are currently crafting rules and a licensing framework for sports betting following the narrow approval of the ballot initiative last month.

Jan Zimmerman, chair of the Missouri Gaming Commission, said the state hopes to launch sports betting by summer. While the agency has heard concerns from state residents about increased problem gambling associated with sports betting, Zimmerman said regulators in other states have not reported a significant uptick.

Advertisement

As it does with casinos, the gaming commission will funnel a portion of sports betting revenues to mental health work to address problem gambling. But because the initiative was passed as an amendment to the state constitution, the gaming commission has limited latitude to create new regulations or safeguards on sports betting.

“The constitutional language is that which was created by that initiative petition,” she said. “So, there’s no going back and maybe molding that to work better to fit our needs.”

Stateline is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Stateline maintains editorial independence. Contact Editor Scott S. Greenberger for questions: [email protected]. Follow Stateline on Facebook and X.
Advertisement



Source link

South Dakota

Poll: Johnson, Jackley and Rounds lead in SD GOP primary

Published

on

Poll: Johnson, Jackley and Rounds lead in SD GOP primary


Alexander Rifaat

Politics and Statehouse Reporter
605-736-4396
alexander.rifaat@sdnewswatch.org

Advertisement

Editor’s note: If you cite the results of this poll, credit South Dakota News Watch and the Chiesman Center for Democracy, per copyright law and our republishing policy.

PIERRE, S.D. – With seven weeks until the June 2 primary, U.S. House Rep. Dusty Johnson is close to avoiding a runoff in the race to secure the GOP nomination for governor, according to a new poll sponsored by South Dakota News Watch and the Chiesman Center for Democracy at the University of South Dakota.

In the contests for U.S. House of Representatives and U.S. Senate, state Attorney General Marty Jackley and U.S. Sen. Mike Rounds have solid leads over their challengers.

The scientific survey of 500 registered Republicans, conducted April 7-11 by Mason-Dixon Polling and Strategy, found Johnson leading the four-way contest for governor with 34% of likely GOP primary voters supporting his candidacy.

The other three candidates are effectively tied for second due to the margin of error being plus-or-minus 4.5%. State House Speaker Jon Hansen, of Dell Rapids, has 18% support from GOP voters, and Aberdeen businessman Toby Doeden and Gov. Larry Rhoden both have 17%. Roughly 14% of those surveyed were undecided.

Advertisement

South Dakota Election Voter Guide

Everything South Dakota voters need to know about statewide contests in the primary and general elections.

If no candidate receives at least 35% of the vote on the June 2 ballot, a runoff between the top two finishers will take place July 28. The winner of the contest will meet Democrat Dan Ahlers in the Nov. 3 general election.

Rhoden’s support drops; Hansen surges

While Johnson, who grew up in Pierre and lives in Mitchell, saw a 6-point increase from the News Watch/Chiesman poll conducted last October, Rhoden’s support fell 10 points.

Julia Hellwege, director of the Chiesman Center and USD associate professor in political science, said Rhoden’s association with his predecessor, former Gov. Kristi Noem, could be behind the drop in poll numbers.

Advertisement
visualization

“He has aligned himself closely with Noem. They worked closely together, and he continues to champion her and stand by her,” she said. “There’s a potential that has been a side effect.”

Rhoden served as lieutenant governor under Noem and became governor in January 2025 when President Donald Trump made her secretary of the Department of Homeland Security. He fired her last month after severe criticism.

Hellwege pointed out the poll found that Johnson even leads in West River, a stronghold for Rhoden, who is from Union Center east of Sturgis.

She said one candidate more than any other has been the main beneficiary of the declining support for the sitting governor.

“Anyone shifting from Rhoden is more likely to shift towards Hansen,” Hellwege said, noting that Hansen is a state lawmaker, like Rhoden was, who plays up his conservative Christian credentials.

Hellwege said in comparing the new poll results with those from last year, a certain pattern can be seen. That includes the surge in support for Hansen and Johnson, a decline in support for Rhoden, a stable level of support for Doeden and a lower number of undecided voters.

Advertisement

“My interpretation is many Rhoden voters in the last poll shifted to Hansen voters and the undecideds went to Johnson,” Hellwege said.

SD governor: Johnson in driver’s seat

Hellwege highlighted the extent to which the math favors Johnson.

“Even if all the undecided voters go to one of those second-place candidates, plus if you factor in the margin of error, they still would barely reach where Johnson is sitting right now,” Hellwege said.

Brad Coker, founder of Mason-Dixon Polling and Strategy, ranked as one of the least-biased and most-factual pollsters, also believes Johnson is in a comfortable position.

“Johnson is moving into the clear front-runner status,” he said.

Advertisement

“People know him. People like him, and that’s probably why he’s ahead right now. Whether he can hold on to that will depend on what the other campaigns – particularly Hansen’s – are able to do in the coming weeks,” Coker told News Watch, pointing to the poll results that found Johnson has a 47% favorability rating, the highest of any of the candidates.

Coker said Hansen has the best chance to challenge Johnson not only because his candidacy has seen the biggest increase in support but also due to not many people knowing him – yet.

“Hansen’s name recognition is only 73%. He’s still got 27% of the voters who don’t know who he is, which I think gives him a much higher ceiling than Doeden and Rhoden,” Coker said. “That tells me Hansen is getting some traction.”

On the flip side, Doeden’s 35% unfavorable rating and high name recognition indicate his support has mostly peaked, Coker said.

“He has a higher negative rating than positive rating, which tells me he’s got a core group behind him, but his growth potential is far more limited, especially since he has 89% name recognition,” Coker said.

Advertisement

The poll was conducted after the four candidates met in the March 31 KELO-TV debate but before the April 13 SDPB and South Dakota News Watch forum.

US House: Jackley has comfortable lead

Since Johnson ran for governor, that opened up South Dakota’s only seat in the U.S. House of Representatives.

In that contest, Jackley – who is from Sturgis and previously served as U.S. attorney for the District of South Dakota – has a comfortable lead toward securing the GOP nomination.

visualization

According to the poll, he has 68% support from South Dakota Republican voters surveyed, well ahead of challenger James Bialota Jr., who has 12%, with 20% of respondents undecided.

Advertisement

“This primary is definitely in Jackley’s favor, even if all the undecideds move to Bialota,” Hellwege said.

The winner will face Democrat Nicole “Nikki” Gronli in the November general election.

US Senate: Incumbent Rounds ahead by large margin

Rounds – who’s from Pierre and was South Dakota’s governor from 2003 to 2011 – also enjoys a sizable lead over his challenger.

He received 66% support from GOP voters surveyed, compared to 18% for challenger Justin McNeal, with 16% of respondents undecided.

Advertisement
visualization

“The fact that McNeal, who is vastly outspent by Rounds, is able to get up to 18% is commendable. But at the same time, I don’t think there’s any expectation that Rounds will not be able to hold on to that seat,” Hellwege said.

The winner will take on Democrat Julian Beaudion in November.

Favorability poll results for all governor, House and Senate candidates

The News Watch/Chiesman poll also asked Republicans their opinions of the candidates. To see results for each person, click the arrow below and the tab for each section: overall, by gender, age and region where they’re from.

visualization


Coming Tuesday

Tuesday’s story will focus on South Dakota News Watch/Chiesman Center for Democracy poll results on the job performance rating South Dakotans give Gov. Larry Rhoden, Sen. John Thune and other elected officials. The story also includes voter thoughts on Noem’s time as DHS secretary and President Trump’s decision to fire her.

Advertisement

South Dakota News Watch is an independent nonprofit. Read, donate and subscribe for free at sdnewswatch.org. Contact politics and statehouse reporter Alexander Rifaat: 605-736-4396/alexander.rifaat@sdnewswatch.org.



Source link

Continue Reading

South Dakota

FCS Football Recruiting Roundup: South Dakota, Montana State Target 2027 Defensive Standouts

Published

on

FCS Football Recruiting Roundup: South Dakota, Montana State Target 2027 Defensive Standouts


Welcome to another edition of the FCS Football Central Recruiting Roundup.

As spring practice winds down, recruits are still continuing to get on campus to visit schools and meet with their coaching staff. I caught up with some of the latest prospects who received an offer from an FCS program after their visit.

Amarie King | 2027 | DB | 5’7″ 140 lbs | Case High School | Racine, WI

Advertisement

King received his latest offer from South Dakota on April 17 after speaking with defensive coordinator Billy Kirch.

“Coach Kirch told me bout the offer, and that conversation went well. He told me a lot about the school, and asked me what my family and parents do. He said that my film was amazing and that he wanted to offer me,” King said.

“My recruitment is going well, although it is a little stressful here and there, but I am really just being patient and trusting the process, and keep working.”

He has visits to South Dakota and Drake coming up. Last season, he finished with 44 tackles, eight pass breakups, and six interceptions for the Eagles.

Advertisement

Jayden Harris | 2027 | ATH | 6’2″ 170 lbs | Manteca High School | Manteca, CA

Advertisement

Harris picked up his latest offer from Montana State on Friday when he was in Bozeman for the Bobcats’ Junior Day, and meeting with cornerbacks coach Jordan Lee, defensive coordinator Bobby Daly, and head coach Brent Vigen.

“First, it was Coach Lee, then I had meetings with Coach Daly and Coach Vigen, who broke the news while we were talking. They want me to come in and play early. They like my versatility as a defensive back, and that’s why they offered me,” Harris said.

“The visit was cool! The snow was coming down, and the coaches still showed love. Recruiting is going well right now. Most schools that are in touch with me see something in me for sure, especially since I’m a zero-star athlete, so that’s love.  I feel like I’m the best DB in California, and my measurements and production speak for themselves.”

He also has offers from Idaho, Washington State, and Sacramento State. He has upcoming visits to Arizona State and New Mexico.

Advertisement

Last season, he finished with 63 tackles, 11 pass breakups, nine interceptions, six tackles for loss, two sacks, two forced fumbles, and two pick-sixes for the Buffaloes.

Maurice “MJ” Harrell | 2026 | DB | 6’1″ 170 lbs | Hutchinson CC | Hutchinson, KS

Harrell picked up his first Division I offer from Houston Christian on April 17 after he spoke with cornerbacks coach DeMarcus Coleman.

“Coach Coleman called and told me he liked what we saw from the videos I sent him, and that he wanted me to be a part of his program,” Harrell said.

Last season, he finished with 20 tackles, 1.5 tackles for loss, one sack, and a fumble recovery for the Blue Dragons. Mercyhurst, Division II UTPB, and Missouri Southern are some other schools he has been in contact with.

Advertisement

Jadhari Young | 2026 | WR | 6’1″ 200 lbs | De Anza College | Cupertino, CA

Advertisement

Young received his latest offer from Eastern Illinois on April 15 after speaking with wide receivers coach Tino Smith.

“Coach Smith called me, and we had a long and great conversation. He told me he believes in me and that he thinks I can be great under his coaching,” Young said. “My recruitment has been going great since I graduated two weeks ago. A lot of coaches have expressed a lot of interest in me.”

Young also has offers from Sacramento State, Prairie View A&M, and Chicago State. Last season, he hauled in receptions for 559 yards and seven touchdowns for the Mountain Lions. He was named a Golden Coast Conference First Team selection.

He will be taking his official visit to Eastern Illinois on April 24. Gardner-Webb, West Florida, Monmouth, Stony Brook, and UMass are some other schools he is hearing from.

Advertisement

AJ Moore | 2027 | RB | 5’9″ 200 lbs | College of Dupage | Glen Ellyn, IL

Advertisement

Moore received his first Division I offer from Lindenwood on April 17 after speaking with running backs coach Lane Lawson.

“Coach Lawson called and offered me. He just told me he’d be really excited to have me over and thinks I could be a part of something special with the program they got going over there,” Moore said.

Last season, he finished with 81 carries for 518 yards and five touchdowns, while adding nine receptions for 73 yards and two touchdowns for the Chaparrals, who won their fifth consecutive NJCAA Division III national championship. Moore is working on scheduling his official visit to Lindenwood.

Advertisement

Leshem Nyante | 2027 | OT | 6’5″ 265 lbs | Anna High School | Anna, TX

Nyante picked up his latest offer from Texas Rio Grande Valley on April 17 after he spoke with offensive line coach Jeff Bowen.

Advertisement

“Coach Bowen reached out this morning to officially extend the offer. It was a great talk, and he mentioned they really liked my film and how I would fit their system. So we are focused on building that relationship now,” Nyante said.

“I’m really grateful for how my recruiting process is unfolding so far. Things are definitely moving fast with spring ball right around the corner, and it’s been great seeing the increase in interest every week.”

He also has offers from Arkansas State, Division II Midwestern State, and East Central University. Old Dominion, Texas State, UTEP, and New Mexico are some other schools he is hearing from. Nyante will be taking an official visit to Arkansas State in June.

Advertisement

Matthew Lashley | 2027 | DB | 6’1″ 198 lbs | Riverside City College | Riverside, CA

Lashley received his latest offer from East Texas A&M on April 15 after speaking with safeties coach Luke Jaicks.

Advertisement

“Coach Jaicks called and offered me. He’s a great coach, and I would love to play for him,” Lashley said. “My recruitment is going well; it’s starting to heat up after spring ball.”

He also has an offer from Southern Utah. Last season, he finished with 14 tackles and two interceptions for the Tigers.

Advertisement

Follow FCS Football Central on social media for ongoing coverage of FCS football, including on XFacebook, and YouTube.

Advertisement
Add us as a preferred source on Google





Source link

Continue Reading

South Dakota

Nature: Prairie chickens in South Dakota

Published

on

Nature: Prairie chickens in South Dakota




Nature: Prairie chickens in South Dakota – CBS News

Advertisement














Advertisement



























Advertisement

Watch CBS News


We leave you this Sunday morning with prairie chickens and sharp tail grouse near Ft. Pierre, South Dakota. Videographer: Kevin Kjergaard.

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement



Source link

Continue Reading
Advertisement

Trending