Episode Details

The New York Knicks’ first championship in 53 years sent shockwaves through the sports betting world, as major platforms like DraftKings and FanDuel collectively lost over $48 million — the first time since 2022 that the house came out on the losing end. With $587 million wagered during the Finals against the Spurs, fans fueled by the Knicks’ underdog rise and historic comebacks cashed in big, turning a city’s joy into a financial windfall for bettors — and a painful reckoning for the betting giants.

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