(Roughly) Daily

This afternoon’s Super Bowl is yet to be played, but it is already destined for the record books…

The American Gaming Association expects 50.4 million Americans to wager legally on the game (up over 61% from last year), for a total of $16 Billion at stake (more than twice last year’s betting). To put this into context, in 2022, U.S. legal gambling totaled about $55 billion.

It will also be the first Championship game with an on-site sports book (though attendees don’t need to leave their seats to wager; Arizona is one of the 33 states [plus D.C.] in which they can make bets in licensed betting shops on the way to the game… or, of course, they can just use their phones to bet online).

Sports betting is exploding in the U.S. About 20% of U.S. adults said that they had placed sports bets in 2022. Some of those bets were through legal channels. But The AGA estimates that American also wagered almost $64 billion in 2021 with illegal sports books– part of the $511 Billion bet on those books, iGaming websites, and “skill games.”

These figures exclude the purchase of state lottery tickets, which has grown to over $100 billion. The average American spent $46 on lottery tickets in the U.S. in 2022; but the amounts varied wildly from state-to-state– in Massachusetts, residents spent an average of $805.30.

See also: “How Sports Betting Upended the Economies of Native American Tribes.”

*  Blaise Pascal, whose correspondence with Pierre de Fermat on gambling laid the foundation for the modern theory of probability

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As we wonder about wagering, we might send insightful birthday greetings to Charles Darwin; he was born on this date in 1809. A naturalist, geologist, and biologist, he is widely known for his contributions to evolutionary biology. His proposition that all species of life have descended from a common ancestor is now generally accepted and considered a fundamental concept in science.

In a 1858 joint publication with Alfred Russel Wallace, he introduced his scientific theory that this branching pattern of evolution resulted from a process he called natural selection, in which the struggle for existence has a similar effect to the artificial selection involved in selective breeding. Darwin published a more complete version of his theory of evolution, with compelling evidence. in his 1859 book On the Origin of Species.

Darwin’s scientific discovery is the unifying theory of the life sciences, explaining the diversity of life– for which he has been described as one of the most influential figures in human history.

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