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Speaker 1: The volume. Now it's time for this week's Redeemed Team Member,

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Speaker 1: brought to you by Hulu's Chad Powers. This week it's

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Speaker 1: Devonte Adams three touchdowns in London Rams crush the Jacksonville Jaguars.

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Speaker 1: Adams became the second player to have three touchdowns in

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Speaker 1: an international game. He and Stafford were dialed in. Chad

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Speaker 1: Powers is now streaming new episodes Tuesday on Hulu and

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Speaker 1: Hulu on Disney Plus for Bundle subscribers. Terms apply. Hi everybody,

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Speaker 1: it's Saturday. I don't do a ton of Saturday reactions

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Speaker 1: on my YouTube page for the volume. I've already settled

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Speaker 1: in watching some college football, got a good workout in

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Speaker 1: Like many of you, gonna go walk the dogs here

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Speaker 1: pretty quick. But I didn't think it was a really

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Speaker 1: interesting week with the story of Terry Rosier, Damon Jones,

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Speaker 1: the betting scandal in the NBA, and Chauncey Billups who

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Speaker 1: I mean, I've known so many people that have covered him,

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Speaker 1: liked him, respected him. But you have to look at

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Speaker 1: people based on actions, not ideals or not necessarily what

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Speaker 1: you think they are. Ultimately, people eventually show you who

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Speaker 1: they are with their actions and their personal life or

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Speaker 1: their professional life. But I think it's I wanted to

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Speaker 1: talk about this. So I've been doing sports talk to

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Speaker 1: radio and media for a long time plus thirty years.

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Speaker 1: And it all started in Las Vegas. Then I went

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Speaker 1: to Tampa. Then I went to Portland, Then I went

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Speaker 1: to ESPN, then I went to Fox. I've got great relationships,

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Speaker 1: but I've been around a long time, and anybody that

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Speaker 1: listened to me gosh back in Portland knows that I've

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Speaker 1: always been for basically, I mean, long before Barack Obama,

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Speaker 1: I was pro cannabis. I've always been pretty socially liberal

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Speaker 1: on that stuff. And I think anybody who's intellectually honest

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Speaker 1: would say I've been pro gambling forever. I believe in

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Speaker 1: legalizing things and then monitoring them and having total transparency.

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Speaker 1: You know, in rural counties. When I worked in Nevada,

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Speaker 1: prostitution was and I think still is legal in some

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Speaker 1: rural counties in Nevada. I would propose that safer than

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Speaker 1: unregulated prostitution, which we know is happening in America. So

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Speaker 1: I'm for legalizing virtually everything. And so then sports gambling

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Speaker 1: was legalized in America, and I have had three separate

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Speaker 1: deals with three companies currently hard Rock Bet. They've been

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Speaker 1: great partners. This is not something I pivoted to. I

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Speaker 1: always put my arms around disruptors, you know, from investing.

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Speaker 1: I think I'm a little bit entrepreneurial. I believe that

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Speaker 1: even if there's a stigma or a dark side to industries,

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Speaker 1: they're much better served being regulated and monitored. So sports

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Speaker 1: gambling is something that I was pretty familiar with because

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Speaker 1: my first job at a college, I got a job

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Speaker 1: in Las Vegas, and there were bad actors. But the

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Speaker 1: people that I knew that worked at the Las Vegas Hilton,

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Speaker 1: art Man Terras, I knew a little bit Roxy Rocksboro.

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Speaker 1: These were professionals. They were educated, they were really good

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Speaker 1: human beings, and it was an industry and they used

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Speaker 1: to owe a sort of And I didn't know Roxy

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Speaker 1: very well, but he was kind of a legend in

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Speaker 1: the business. Of the people that I knew that were

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Speaker 1: professional gamblers, the late Lem Banker, they understood the downside

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Speaker 1: to it. They had bad streaks, but they liked the

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Speaker 1: legality and the regulation and the monitoring of it. The

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Speaker 1: margins aren't that big anymore. The audience you are too sophisticated.

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Speaker 1: It's hard to win. I always thought it was much

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Speaker 1: easier to win betting the NFL than it is now

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Speaker 1: because you, the consumer are much smarter, You have more information.

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Speaker 1: But I have always been pro gambling and so but

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Speaker 1: what's interesting about society is that we understand even with pharmaceuticals.

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Speaker 1: Take pharmaceuticals that are monitored in manufacturing and post approval

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Speaker 1: by the FDA Food and Drug Administration. You can watch

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Speaker 1: a commercial for a medication and it will say side

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Speaker 1: effects include severe migraine, headaches and bleeding of the bowels,

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Speaker 1: and yet it's approved. Heart murmurs and your tongue will

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Speaker 1: fall out, But it's approved by the FDA because there

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Speaker 1: is viewed as a benefit to the drug, and they

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Speaker 1: will warn you about it. They'll be messaging on the

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Speaker 1: bottle or the casing. We understand that one of the

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Speaker 1: knocks on sports gambling has been well, whenever there's an incident,

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Speaker 1: and again we understand the vagaries and there are losers

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Speaker 1: in I mean, people died initially when Viagra came out,

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Speaker 1: you know, swallowed twelve blue diamond shaped pills. We understand that,

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Speaker 1: and we with pharmaceuticals, we accept it. With alcohol. We

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Speaker 1: know there's binge drinking, we know there's drunk drivers. We

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Speaker 1: don't shut down bars over it. We don't stop alcohol sales.

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Speaker 1: If there's insider trading, we don't shut down Wall Street.

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Speaker 1: But it is interesting because when gambling, and when you

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Speaker 1: get a moment like Terry Rozier or Tim Donnegie. Now

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Speaker 1: Donnigie was pre approved gambling, legalized gambling, and so once

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Speaker 1: the Supreme Court ruled in favor of legalized gambling, it

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Speaker 1: started spreading across the country. And the knock on gambling

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Speaker 1: has been well, there's no societal benefit, Well, there's an

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Speaker 1: economic benefit. Take venture capitalism VC. Do you know the

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Speaker 1: nickname for venture capitalism? Because I could argue what's the

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Speaker 1: societal benefit of venture capitalism? Its nickname is vulture capitalism.

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Speaker 1: The societal benefit is the economy that it can create

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Speaker 1: companies and add jet fuel to companies that drive economies,

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Speaker 1: stay welcome in VC companies all the time, create jobs

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Speaker 1: sort of like sports gambling, FanDuel, DraftKings, price picks, or

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Speaker 1: hard rock bet. They employed tens of thousands of people.

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Speaker 1: That's why once it was legalized, the rollout throughout America

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Speaker 1: was very quick and very very understood to be an

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Speaker 1: economic driver in jurisdiction, states, counties, not as much as

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Speaker 1: many believe, sometimes more, but there is an economic benefit.

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Speaker 1: And with venture capitalism or alcohol or legalized cannabis and

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Speaker 1: sports gambling, there's winners and some losers. But I have

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Speaker 1: as the story broke in the NBA again, I didn't

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Speaker 1: pivot to this position. This has always been my position

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Speaker 1: from the first days of doing local sports talk radio

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Speaker 1: in Portland, Oregon. Which is legalized stuff, then it can

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Speaker 1: be monitored, right. I hear people, and I think it's

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Speaker 1: a legitimate concern about prop bets, you know, in game betting,

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Speaker 1: prop bets, and some which suggest you can only bet

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Speaker 1: the over, not the under. I mean if a guy

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Speaker 1: drops fifty and the over under was twenty four, good

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Speaker 1: for the team, good for him. That's interesting. But you

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Speaker 1: want it regulated because if you eliminate the legalization of

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Speaker 1: prop bets in America, then it will go offshore, and

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Speaker 1: that is dark. That's a pirate ship that is completely

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Speaker 1: unregulated and scary. I don't know people, but there's hundreds

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Speaker 1: thousands of stories of people who lost their butt offshore gambling.

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Speaker 1: I want regulation, I want monitoring and we bake all

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Speaker 1: of that in with everything else. We bake it in

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Speaker 1: with alcohol. What's the societal benefit of alcohol? Well, I

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Speaker 1: mean NAPA drove some economy. It drives economy from distribution

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Speaker 1: to consumption by consumer. It drives bars and wineries and distributors,

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Speaker 1: and it you know, it can drive traffic into wine

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Speaker 1: stores and grocery stores. Right, every state is different with

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Speaker 1: alcohol regulation, just like sports gambling, but there's viewed as

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Speaker 1: sort of a social lubrication and economic benefit I think

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Speaker 1: was sports gambling I've said before, is you know you're

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Speaker 1: sitting in a room with guys and you want some juice,

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Speaker 1: you want some fun. I get it, I've been. I've

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Speaker 1: been doing it since I moved to Vegas out of college.

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Speaker 1: It's fun. It adds something I never got much back

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Speaker 1: then five to ten bucks now fifty bucks. But it

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Speaker 1: adds juice. It's fun in an afternoon sitting there. And

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Speaker 1: that's why that competition, that energy, that juice is why

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Speaker 1: you need constant monitoring in professional sports. Remember this, and

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Speaker 1: I think most of you know this by now. Do

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Speaker 1: you know who caught the Terry Rosey or gambling FanDuel

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Speaker 1: within the hour notified the NBA, we've got a problem.

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Speaker 1: Do you know who notified the NBA about Tim Donneghey Vegas.

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Speaker 1: The margins are thin for all these companies because of you,

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Speaker 1: the consumer that's more sophisticated. They don't want cheats or

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Speaker 1: scoundrels or bad actors. That's not good for them. But

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Speaker 1: I don't want sports gambling to go off shore. That's

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Speaker 1: not good for you. That's not good for our domestic consumers.

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Speaker 1: That's no good. As long as people are to me,

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Speaker 1: I don't think my position has changed forever. I have

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Speaker 1: been pro stigma. They're going to exist. You're not going

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Speaker 1: to shut down alcohol sales. You're not going to shut

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Speaker 1: down cannabis. I grew up in Washington State. It was

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Speaker 1: the state Flower. I mean, who are we kidding? I

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Speaker 1: mean I grew up in the sticks. You could get

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Speaker 1: bags a pot in the seventies or eighties. You think

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Speaker 1: you're going to stop the use just regularly. Have some

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Speaker 1: transparencies and agencies that at least alert people to bad actions.

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Speaker 1: I mean, Terry Rozier should know better. Chauncey Billups fooled

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Speaker 1: a lot of people allegedly. Damon Jones, what are you doing?

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Speaker 1: You're connected to Lebron What are you doing? And I

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Speaker 1: know people that know all of these people. But I

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Speaker 1: also know people that have gotten into a car and

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Speaker 1: had too much to drink. So and I'm not proud

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Speaker 1: to say it, and I'm not happy about it, but

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Speaker 1: we don't ban stuff. So I've always had this just

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Speaker 1: sort of understanding, and I've said this for years and years.

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Speaker 1: I'm not a moralist. I can be critical of myself,

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Speaker 1: I can be critical of others. I can be critical

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Speaker 1: of athletes. I try to be fair. Baker Mayfield's good.

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Speaker 1: I'm now very pro Baker Mayfield. I didn't like him

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Speaker 1: right out of college, thought he was too cocky, but

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Speaker 1: I'm trying to be fair about it. My position in

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Speaker 1: life is largely people may mistakes. I mean venture capitalism.

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Speaker 1: Venture capitalism wasn't created because it's great for humanity. Vulture

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Speaker 1: capitalism was created because it can often stimulate and benefit

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Speaker 1: economies to some degree. That's sports gambling leagues are always

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Speaker 1: looking for new models, new avenues. I mean, for years

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Speaker 1: and years the NBA support of the WNBA subsidized the

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Speaker 1: doesn't make any money off it. They were hoping it

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Speaker 1: would grow at a faster pace. Than Caitlin Clark arrives

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Speaker 1: and suddenly they're filling arenas. Right, But you know, these

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Speaker 1: professional leagues are always looking for better deals from networks.

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Speaker 1: That's why streaming is such a powerful lever for the

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Speaker 1: NFL and the NBA. They can go to networks like

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Speaker 1: Fox and ABC and CBS and ESBN and SA we

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Speaker 1: want more. Right, here comes Netflix, here comes Amazon, we

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Speaker 1: want more. It's a lever to increase the annual revenue,

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Speaker 1: and I think gambling falls into that if you can

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Speaker 1: add two percent revenue on contracts. I don't love everything

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Speaker 1: about it. It really appalls me that any fan would

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Speaker 1: go up to any professional athlete and bag on him, saying, hey,

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Speaker 1: you lost me money. That makes me sick. That makes

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Speaker 1: me sick. But insider trading makes me sick. And people

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Speaker 1: getting into cars nine cocktails in makes me sick. And

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Speaker 1: I can never quite figure out how the FDA approves

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Speaker 1: a drug that makes my bowels bleed potentially or gives

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Speaker 1: me migrains, but it's understood the benefit can outweigh the negative,

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Speaker 1: the vagaries, the problems, the incidents, the disruption of society negatively.

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Speaker 1: So I thought most of the coverage was excellent by

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Speaker 1: the way. You know, I kind of look at sports,

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Speaker 1: gambling and sports the way I look at politics. I

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Speaker 1: don't trust the pundits or the politicians. I trust you.

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Speaker 1: I trust the people. Political pundits are overwhelmingly left leaning

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Speaker 1: in my lifetime. The media is mostly left leaning. That's

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Speaker 1: why Fox News had such an ascension forever, because they

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Speaker 1: were the one place for a long time that was

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Speaker 1: a conservative viewpoint. The liberals just left it wide open,

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Speaker 1: and Rupert Murdoch took advantage of it. I always trust

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Speaker 1: the people. Even during elections, they like Trump. Trump was

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Speaker 1: too much. They went to sleepy Joe. We'll see it

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Speaker 1: the midterms. Trump's very active, loud, There's a lot of

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Speaker 1: stuff going on. Americans get uncomfortable with it. At the midterms.

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Speaker 1: They may be like, you know what we want to

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Speaker 1: I want to bring the temperature down. I've always trusted you.

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Speaker 1: I don't trust traditional anything, but you clearly enjoy placing

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Speaker 1: a ten dollar bet. And that's kind of the average.

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Speaker 1: By the way, I've asked all these companies that I

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Speaker 1: go into business with, what's the average bet. Shockingly, it's

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Speaker 1: four dollars. Four dollars doesn't mean there's not going to

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Speaker 1: be somebody that spins out of control. Absolutely, And there

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Speaker 1: are people that can't regulate or modify their food consumption,

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Speaker 1: their alcohol consumption, drug consumption. That's just that's part of

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Speaker 1: the freedoms and liberties that we all enjoy. You have

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Speaker 1: a right to wreck your life, but overwhelmingly most of

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Speaker 1: you don't. We hear about the ones that do. I

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Speaker 1: tell people all the time my business, we talk about

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Speaker 1: crashed landings, not safe landings. That's not clickbait. That's what

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Speaker 1: people are interested in. Right, There's no reason for me

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Speaker 1: to go on the air if I work in the

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Speaker 1: aviation industry and I'm a reporter to talk about, well,

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Speaker 1: there's another safe landing in Orlando today, the thirty eighth straight.

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Speaker 1: It's eleven am. There's a crash once a year in Orlando.

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Speaker 1: That's news. Safe landings aren't news. Crash landings are. And

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Speaker 1: so the Terry Rose ear story, it's rare, it's infrequent,

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Speaker 1: it's sad, it sucks. I will always be on the

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Speaker 1: side of transparency and regulation. And Fanduels spotted that puppy

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Speaker 1: in fifteen minutes, and Vegas spotted Tim Donneghe within twenty

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Speaker 1: four hours. That's the side I've always been on. It's

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Speaker 1: the side I'm always going to be on. The value