The September issue of Bloomberg Businessweek is all online now. Today in the newsletter we feature a few of the stories from the In Depth cover package on sports gambling. Let editors Reyhan Harmanci and Bret Begun know what you think. Plus: Why Democrats are popping up on Fox News and the dark side of the Golden Triangle. If this email was forwarded to you, click here to sign up.

It’s hard to watch sports these days without thinking about gambling. Every stadium, broadcast and podcast seems to nod to fans with some financial stake in the outcome of a match. Last year, Americans spent almost $120 billion on legal sports bets—a 28% increase from 2022.