Gambling on NFL games expected to reach a record $35 billion this season

The video discusses the rise of legal sports betting, with an estimated $35 billion expected to be wagered this NFL season. It highlights the growth of fantasy football, especially among women, and the tax implications of earnings from it. The introduction of insurance for fantasy football players is explored, providing financial protection for player injuries. Additionally, the video covers the recent approval of private equity firms investing in NFL teams, allowing for broader ownership opportunities similar to the Green Bay Packers model.

What is the estimated amount expected to be wagered on the NFL season?

• $55 billion

• $45 billion

• $35 billion

• $25 billion

How many states have legalized sports betting, including the District of Columbia?

• 38 states

• 28 states

• 58 states

• 48 states

At what earnings level must fantasy football winnings be reported to the IRS?

• $200

• $400

• $600

• $800

What is the purpose of insurance in fantasy football?

• To reduce entry fees

• To increase winnings

• To protect against player injuries

• To cover travel expenses

What percentage of an NFL team can private equity firms now own?

• 5%

• 10%

• 15%

• 20%