
Victor Matheson...The Economics of Sport
Dr. Victor Matheson, a professor of economics at the College of the Holy Cross, joins Shaun and Chris for a pragmatic look at the intersection of sports, money, and societal impact. From the reality of billionaire owners demanding taxpayer-funded stadiums to the exploitation of student-athletes by the NCAA, Victor cuts through the noise with empirical data and heterodox perspectives. The conversation also explores the explosive growth of legalized sports gambling—now a $180 billion industry—and the hidden societal costs of addiction and unregulated prediction markets. Highlights The economics of stadium subsidies and why owners push for new taxpayer-funded facilities every 30 years when their leases expire. Why the traditional amateurism model in college sports functioned as an exploitative cartel that extracted wealth from young athletes. The structural differences between American closed-league sports and European soccer, and why it is harder to run a profitable team abroad. The staggering rise of legal sports betting from $5 billion to $180 billion, and its correlation with financial distress. The dangerous rise of prediction markets like Polymarket and Kalshi, which mimic sports betting without the same consumer protections or state oversight.















