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Against the Rules with Michael Lewis

Episode 3: Welcome to the Garden State

Against the Rules with Michael Lewis

Pushkin Industries

Business, Society & Culture, Sports

4.69.8K Ratings

🗓️ 8 October 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

How did we get from fantasy sports to legalized sports betting? The path is convoluted, but most of it winds through New Jersey. Michael Lewis speaks with former governor Chris Christie, among other Jersey politicians, as well as lobbyists for the gaming industry. Plus we hear from Ted Olsen, the lawyer who kept bringing the Garden State’s constitutional challenge until it finally reached the Supreme Court — and hit a jackpot.

For further reading:

Albert Chen’s Billion Dollar Fantasy

Murphy v. NCAA

ESPN timeline of how sports betting was legalized

SCOTUS Blog: The Tenth Amendment, Anti-Commandeering and Sports Betting

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Pushkin

0:11.0

It's always sort of dumb to pick a single moment when everything changed, but there actually

0:15.6

was a moment when the American sports fan changed.

0:19.2

It came in 1979, before the start of the baseball season.

0:24.0

A writer named Dan Ockrent taught a bunch of friends a weird new game he'd invented.

0:29.0

Dan's game worked like this.

0:31.0

The players each picked their own baseball team from the entire pool of real life current

0:35.2

baseball players. Your imaginary team gets credit for whatever those baseball players do in future

0:41.5

real life baseball games. You win by being the best at

0:45.4

predicting what individual baseball players will do. This kind of game

0:50.0

eventually got called Fantasy Baseball. Fantasy play spread to other sports. People

0:56.5

sometimes bet money on their fantasy teams. They might pay a fee to enter a

1:00.1

fantasy tournament and the winner gets to keep the pot. But the money isn't

1:05.1

really the point. The point is to spend all baseball season with your friends and

1:10.0

your fantasy teams. But then in 2009, this company in Scotland gets created

1:17.0

by some tekeys who aren't even interested in sports.

1:21.0

Fan duel, it's called.

1:24.0

These teckeys think they might find a way to make money off fantasy sports,

1:28.0

by speeding it up, by making it a daily competition.

1:31.0

Instead of waiting all season to see you won your league,

1:34.4

you pick your teams for a single day of games.

1:37.4

Instead of one contest per baseball season,

...

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