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As Americans bet billions on sports, society wrestles with rapid growth

Tyree Singleton admits to having a gambling addiction, but says that he can manage his habit. He says he started out playing roulette but his heart led him to sports betting.

“I’m arrogantly confident in my sports knowledge in many different sports, so I feel like whatever bet I’m going to make I’m making to win,” he says, checking the FanDuel app on his phone from the comfort of his apartment living room in Philadelphia, where he is watching what else: sports.

As the Denver Nuggets finished off the Miami Heat in Game 5 of the NBA Finals to win the team’s first championship in franchise history, he wasn’t celebrating the win. He’d lost money thinking that Miami could win the series. It was a long shot, so he wasn’t upset about losing. And he didn’t care about the Finals MVP – Nikola Jokić’s impressive closeout performance of 28 points with 16 rebounds and four assists. He lamented that in the closing minutes, Jimmy Butler of the Heat made two 3-pointers – he bet Mr. Butler wouldn’t. He lost a chance to turn a $7 bet into $69.

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The reach and scope of legal sports betting are setting records after the Supreme Court struck down a ban. As the activity expands, so does addiction – and the question of whose responsibility it is to combat it.

Small $7 bets don’t seem like much, but when you place multiple bets a day on multiple sports, via a tap on your phone, it adds up quickly.

“Every day that I don’t bet is a missed opportunity. I don’t look at it as I’m saving money. I think that there’s a bet out there that’s guaranteed; I should take advantage of this. I’m leaving money on the table,” Mr. Singleton says. He has made $1 parlay bets, or multiple wagers, that have left him flush with four-digit wins.

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