Speaker 1: The volume. Now it's time for this week's Redeemed Team Member,
Speaker 1: brought to you by Hulu's Chad Powers. This week it's
Speaker 1: Devonte Adams three touchdowns in London Rams crush the Jacksonville Jaguars.
Speaker 1: Adams became the second player to have three touchdowns in
Speaker 1: an international game. He and Stafford were dialed in. Chad
Speaker 1: Powers is now streaming new episodes Tuesday on Hulu and
Speaker 1: Hulu on Disney Plus for Bundle subscribers. Terms apply. Hi everybody,
Speaker 1: it's Saturday. I don't do a ton of Saturday reactions
Speaker 1: on my YouTube page for the volume. I've already settled
Speaker 1: in watching some college football, got a good workout in
Speaker 1: Like many of you, gonna go walk the dogs here
Speaker 1: pretty quick. But I didn't think it was a really
Speaker 1: interesting week with the story of Terry Rosier, Damon Jones,
Speaker 1: the betting scandal in the NBA, and Chauncey Billups who
Speaker 1: I mean, I've known so many people that have covered him,
Speaker 1: liked him, respected him. But you have to look at
Speaker 1: people based on actions, not ideals or not necessarily what
Speaker 1: you think they are. Ultimately, people eventually show you who
Speaker 1: they are with their actions and their personal life or
Speaker 1: their professional life. But I think it's I wanted to
Speaker 1: talk about this. So I've been doing sports talk to
Speaker 1: radio and media for a long time plus thirty years.
Speaker 1: And it all started in Las Vegas. Then I went
Speaker 1: to Tampa. Then I went to Portland, Then I went
Speaker 1: to ESPN, then I went to Fox. I've got great relationships,
Speaker 1: but I've been around a long time, and anybody that
Speaker 1: listened to me gosh back in Portland knows that I've
Speaker 1: always been for basically, I mean, long before Barack Obama,
Speaker 1: I was pro cannabis. I've always been pretty socially liberal
Speaker 1: on that stuff. And I think anybody who's intellectually honest
Speaker 1: would say I've been pro gambling forever. I believe in
Speaker 1: legalizing things and then monitoring them and having total transparency.
Speaker 1: You know, in rural counties. When I worked in Nevada,
Speaker 1: prostitution was and I think still is legal in some
Speaker 1: rural counties in Nevada. I would propose that safer than
Speaker 1: unregulated prostitution, which we know is happening in America. So
Speaker 1: I'm for legalizing virtually everything. And so then sports gambling
Speaker 1: was legalized in America, and I have had three separate
Speaker 1: deals with three companies currently hard Rock Bet. They've been
Speaker 1: great partners. This is not something I pivoted to. I
Speaker 1: always put my arms around disruptors, you know, from investing.
Speaker 1: I think I'm a little bit entrepreneurial. I believe that
Speaker 1: even if there's a stigma or a dark side to industries,
Speaker 1: they're much better served being regulated and monitored. So sports
Speaker 1: gambling is something that I was pretty familiar with because
Speaker 1: my first job at a college, I got a job
Speaker 1: in Las Vegas, and there were bad actors. But the
Speaker 1: people that I knew that worked at the Las Vegas Hilton,
Speaker 1: art Man Terras, I knew a little bit Roxy Rocksboro.
Speaker 1: These were professionals. They were educated, they were really good
Speaker 1: human beings, and it was an industry and they used
Speaker 1: to owe a sort of And I didn't know Roxy
Speaker 1: very well, but he was kind of a legend in
Speaker 1: the business. Of the people that I knew that were
Speaker 1: professional gamblers, the late Lem Banker, they understood the downside
Speaker 1: to it. They had bad streaks, but they liked the
Speaker 1: legality and the regulation and the monitoring of it. The
Speaker 1: margins aren't that big anymore. The audience you are too sophisticated.
Speaker 1: It's hard to win. I always thought it was much
Speaker 1: easier to win betting the NFL than it is now
Speaker 1: because you, the consumer are much smarter, You have more information.
Speaker 1: But I have always been pro gambling and so but
Speaker 1: what's interesting about society is that we understand even with pharmaceuticals.
Speaker 1: Take pharmaceuticals that are monitored in manufacturing and post approval
Speaker 1: by the FDA Food and Drug Administration. You can watch
Speaker 1: a commercial for a medication and it will say side
Speaker 1: effects include severe migraine, headaches and bleeding of the bowels,
Speaker 1: and yet it's approved. Heart murmurs and your tongue will
Speaker 1: fall out, But it's approved by the FDA because there
Speaker 1: is viewed as a benefit to the drug, and they
Speaker 1: will warn you about it. They'll be messaging on the
Speaker 1: bottle or the casing. We understand that one of the
Speaker 1: knocks on sports gambling has been well, whenever there's an incident,
Speaker 1: and again we understand the vagaries and there are losers
Speaker 1: in I mean, people died initially when Viagra came out,
Speaker 1: you know, swallowed twelve blue diamond shaped pills. We understand that,
Speaker 1: and we with pharmaceuticals, we accept it. With alcohol. We
Speaker 1: know there's binge drinking, we know there's drunk drivers. We
Speaker 1: don't shut down bars over it. We don't stop alcohol sales.
Speaker 1: If there's insider trading, we don't shut down Wall Street.
Speaker 1: But it is interesting because when gambling, and when you
Speaker 1: get a moment like Terry Rozier or Tim Donnegie. Now
Speaker 1: Donnigie was pre approved gambling, legalized gambling, and so once
Speaker 1: the Supreme Court ruled in favor of legalized gambling, it
Speaker 1: started spreading across the country. And the knock on gambling
Speaker 1: has been well, there's no societal benefit, Well, there's an
Speaker 1: economic benefit. Take venture capitalism VC. Do you know the
Speaker 1: nickname for venture capitalism? Because I could argue what's the
Speaker 1: societal benefit of venture capitalism? Its nickname is vulture capitalism.
Speaker 1: The societal benefit is the economy that it can create
Speaker 1: companies and add jet fuel to companies that drive economies,
Speaker 1: stay welcome in VC companies all the time, create jobs
Speaker 1: sort of like sports gambling, FanDuel, DraftKings, price picks, or
Speaker 1: hard rock bet. They employed tens of thousands of people.
Speaker 1: That's why once it was legalized, the rollout throughout America
Speaker 1: was very quick and very very understood to be an
Speaker 1: economic driver in jurisdiction, states, counties, not as much as
Speaker 1: many believe, sometimes more, but there is an economic benefit.
Speaker 1: And with venture capitalism or alcohol or legalized cannabis and
Speaker 1: sports gambling, there's winners and some losers. But I have
Speaker 1: as the story broke in the NBA again, I didn't
Speaker 1: pivot to this position. This has always been my position
Speaker 1: from the first days of doing local sports talk radio
Speaker 1: in Portland, Oregon. Which is legalized stuff, then it can
Speaker 1: be monitored, right. I hear people, and I think it's
Speaker 1: a legitimate concern about prop bets, you know, in game betting,
Speaker 1: prop bets, and some which suggest you can only bet
Speaker 1: the over, not the under. I mean if a guy
Speaker 1: drops fifty and the over under was twenty four, good
Speaker 1: for the team, good for him. That's interesting. But you
Speaker 1: want it regulated because if you eliminate the legalization of
Speaker 1: prop bets in America, then it will go offshore, and
Speaker 1: that is dark. That's a pirate ship that is completely
Speaker 1: unregulated and scary. I don't know people, but there's hundreds
Speaker 1: thousands of stories of people who lost their butt offshore gambling.
Speaker 1: I want regulation, I want monitoring and we bake all
Speaker 1: of that in with everything else. We bake it in
Speaker 1: with alcohol. What's the societal benefit of alcohol? Well, I
Speaker 1: mean NAPA drove some economy. It drives economy from distribution
Speaker 1: to consumption by consumer. It drives bars and wineries and distributors,
Speaker 1: and it you know, it can drive traffic into wine
Speaker 1: stores and grocery stores. Right, every state is different with
Speaker 1: alcohol regulation, just like sports gambling, but there's viewed as
Speaker 1: sort of a social lubrication and economic benefit I think
Speaker 1: was sports gambling I've said before, is you know you're
Speaker 1: sitting in a room with guys and you want some juice,
Speaker 1: you want some fun. I get it, I've been. I've
Speaker 1: been doing it since I moved to Vegas out of college.
Speaker 1: It's fun. It adds something I never got much back
Speaker 1: then five to ten bucks now fifty bucks. But it
Speaker 1: adds juice. It's fun in an afternoon sitting there. And
Speaker 1: that's why that competition, that energy, that juice is why
Speaker 1: you need constant monitoring in professional sports. Remember this, and
Speaker 1: I think most of you know this by now. Do
Speaker 1: you know who caught the Terry Rosey or gambling FanDuel
Speaker 1: within the hour notified the NBA, we've got a problem.
Speaker 1: Do you know who notified the NBA about Tim Donneghey Vegas.
Speaker 1: The margins are thin for all these companies because of you,
Speaker 1: the consumer that's more sophisticated. They don't want cheats or
Speaker 1: scoundrels or bad actors. That's not good for them. But
Speaker 1: I don't want sports gambling to go off shore. That's
Speaker 1: not good for you. That's not good for our domestic consumers.
Speaker 1: That's no good. As long as people are to me,
Speaker 1: I don't think my position has changed forever. I have
Speaker 1: been pro stigma. They're going to exist. You're not going
Speaker 1: to shut down alcohol sales. You're not going to shut
Speaker 1: down cannabis. I grew up in Washington State. It was
Speaker 1: the state Flower. I mean, who are we kidding? I
Speaker 1: mean I grew up in the sticks. You could get
Speaker 1: bags a pot in the seventies or eighties. You think
Speaker 1: you're going to stop the use just regularly. Have some
Speaker 1: transparencies and agencies that at least alert people to bad actions.
Speaker 1: I mean, Terry Rozier should know better. Chauncey Billups fooled
Speaker 1: a lot of people allegedly. Damon Jones, what are you doing?
Speaker 1: You're connected to Lebron What are you doing? And I
Speaker 1: know people that know all of these people. But I
Speaker 1: also know people that have gotten into a car and
Speaker 1: had too much to drink. So and I'm not proud
Speaker 1: to say it, and I'm not happy about it, but
Speaker 1: we don't ban stuff. So I've always had this just
Speaker 1: sort of understanding, and I've said this for years and years.
Speaker 1: I'm not a moralist. I can be critical of myself,
Speaker 1: I can be critical of others. I can be critical
Speaker 1: of athletes. I try to be fair. Baker Mayfield's good.
Speaker 1: I'm now very pro Baker Mayfield. I didn't like him
Speaker 1: right out of college, thought he was too cocky, but
Speaker 1: I'm trying to be fair about it. My position in
Speaker 1: life is largely people may mistakes. I mean venture capitalism.
Speaker 1: Venture capitalism wasn't created because it's great for humanity. Vulture
Speaker 1: capitalism was created because it can often stimulate and benefit
Speaker 1: economies to some degree. That's sports gambling leagues are always
Speaker 1: looking for new models, new avenues. I mean, for years
Speaker 1: and years the NBA support of the WNBA subsidized the
Speaker 1: doesn't make any money off it. They were hoping it
Speaker 1: would grow at a faster pace. Than Caitlin Clark arrives
Speaker 1: and suddenly they're filling arenas. Right, But you know, these
Speaker 1: professional leagues are always looking for better deals from networks.
Speaker 1: That's why streaming is such a powerful lever for the
Speaker 1: NFL and the NBA. They can go to networks like
Speaker 1: Fox and ABC and CBS and ESBN and SA we
Speaker 1: want more. Right, here comes Netflix, here comes Amazon, we
Speaker 1: want more. It's a lever to increase the annual revenue,
Speaker 1: and I think gambling falls into that if you can
Speaker 1: add two percent revenue on contracts. I don't love everything
Speaker 1: about it. It really appalls me that any fan would
Speaker 1: go up to any professional athlete and bag on him, saying, hey,
Speaker 1: you lost me money. That makes me sick. That makes
Speaker 1: me sick. But insider trading makes me sick. And people
Speaker 1: getting into cars nine cocktails in makes me sick. And
Speaker 1: I can never quite figure out how the FDA approves
Speaker 1: a drug that makes my bowels bleed potentially or gives
Speaker 1: me migrains, but it's understood the benefit can outweigh the negative,
Speaker 1: the vagaries, the problems, the incidents, the disruption of society negatively.
Speaker 1: So I thought most of the coverage was excellent by
Speaker 1: the way. You know, I kind of look at sports,
Speaker 1: gambling and sports the way I look at politics. I
Speaker 1: don't trust the pundits or the politicians. I trust you.
Speaker 1: I trust the people. Political pundits are overwhelmingly left leaning
Speaker 1: in my lifetime. The media is mostly left leaning. That's
Speaker 1: why Fox News had such an ascension forever, because they
Speaker 1: were the one place for a long time that was
Speaker 1: a conservative viewpoint. The liberals just left it wide open,
Speaker 1: and Rupert Murdoch took advantage of it. I always trust
Speaker 1: the people. Even during elections, they like Trump. Trump was
Speaker 1: too much. They went to sleepy Joe. We'll see it
Speaker 1: the midterms. Trump's very active, loud, There's a lot of
Speaker 1: stuff going on. Americans get uncomfortable with it. At the midterms.
Speaker 1: They may be like, you know what we want to
Speaker 1: I want to bring the temperature down. I've always trusted you.
Speaker 1: I don't trust traditional anything, but you clearly enjoy placing
Speaker 1: a ten dollar bet. And that's kind of the average.
Speaker 1: By the way, I've asked all these companies that I
Speaker 1: go into business with, what's the average bet. Shockingly, it's
Speaker 1: four dollars. Four dollars doesn't mean there's not going to
Speaker 1: be somebody that spins out of control. Absolutely, And there
Speaker 1: are people that can't regulate or modify their food consumption,
Speaker 1: their alcohol consumption, drug consumption. That's just that's part of
Speaker 1: the freedoms and liberties that we all enjoy. You have
Speaker 1: a right to wreck your life, but overwhelmingly most of
Speaker 1: you don't. We hear about the ones that do. I
Speaker 1: tell people all the time my business, we talk about
Speaker 1: crashed landings, not safe landings. That's not clickbait. That's what
Speaker 1: people are interested in. Right, There's no reason for me
Speaker 1: to go on the air if I work in the
Speaker 1: aviation industry and I'm a reporter to talk about, well,
Speaker 1: there's another safe landing in Orlando today, the thirty eighth straight.
Speaker 1: It's eleven am. There's a crash once a year in Orlando.
Speaker 1: That's news. Safe landings aren't news. Crash landings are. And
Speaker 1: so the Terry Rose ear story, it's rare, it's infrequent,
Speaker 1: it's sad, it sucks. I will always be on the
Speaker 1: side of transparency and regulation. And Fanduels spotted that puppy
Speaker 1: in fifteen minutes, and Vegas spotted Tim Donneghe within twenty
Speaker 1: four hours. That's the side I've always been on. It's
Speaker 1: the side I'm always going to be on. The value