The House Always Wins: The Business, Politics, and Human Cost of Sports Betting
Roger Bate
Aug 2026 · Sold by Simon and Schuster
Ebook
256
Pages
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Eligible
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About this ebook
An investigative narrative revealing how smartphones, deregulation, and pandemic isolation turned America’s pastime into its newest addiction.
The House Always Wins traces the rise of legal sports betting from a fringe hobby to a $120-billion-a-year industry, reshaping how Americans watch, wager, and lose. Economist and health policy analyst Roger Bate explores how pandemic isolation, relentless digital marketing, and permissive state policy created a perfect storm of opportunity and risk. Bate draws on original surveys, field interviews, and international case studies to reveal how betting moved from racetracks to smartphones—and how a culture built on self-control began to mistake speed for freedom.
From suburban bars to billion-dollar platforms like DraftKings and FanDuel, The House Always Wins uncovers the moral and economic contradictions of a market built on human weakness and where over 95 percent of participants lose, some catastrophically. Bate argues that the challenge isn’t whether people should gamble, but whether a democracy can manage risk at the speed of an app. Combining investigative reportage with humane insight, this book exposes the hidden arithmetic behind America’s newest public-health crisis.
The House Always Wins traces the rise of legal sports betting from a fringe hobby to a $120-billion-a-year industry, reshaping how Americans watch, wager, and lose. Economist and health policy analyst Roger Bate explores how pandemic isolation, relentless digital marketing, and permissive state policy created a perfect storm of opportunity and risk. Bate draws on original surveys, field interviews, and international case studies to reveal how betting moved from racetracks to smartphones—and how a culture built on self-control began to mistake speed for freedom.
From suburban bars to billion-dollar platforms like DraftKings and FanDuel, The House Always Wins uncovers the moral and economic contradictions of a market built on human weakness and where over 95 percent of participants lose, some catastrophically. Bate argues that the challenge isn’t whether people should gamble, but whether a democracy can manage risk at the speed of an app. Combining investigative reportage with humane insight, this book exposes the hidden arithmetic behind America’s newest public-health crisis.
An investigative narrative revealing how smartphones, deregulation, and pandemic isolation turned America’s pastime into its newest addiction.
The House Always Wins traces the rise of legal sports betting from a fringe hobby to a $120-billion-a-year industry, reshaping how Americans watch, wager...
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About the author
Roger Bate is an economist and policy analyst whose work spans public health, international development, illicit markets and risk regulation. A policy analyst for three decades at think tanks in UK, the US, and South Africa. He is currently a fellow of the International Center for Law and Economics. He has written for The Wall Street Journal, The New York Times, Financial Times, and Foreign Policy. His most recent book, Phake, investigated counterfeit medicines around the world. He lives outside of Philadelphia, Pennsylvania with his wife and two boys.
Roger Bate is an economist and policy analyst whose work spans public health, international development, illicit markets and risk regulation. A policy analyst for three decades at think tanks in UK, the US, and South Africa. He is currently a fellow of the International Center for Law and Economi...
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