Report: NFL player lost $8 million in gambling last year

Feb 1, 2022; Inglewood, CA, USA; The NFL shield logo is seen at midfield at SoFi Stadium. Super Bowl LVI between the Los Angeles Rams and the Cincinnati Bengals will be played on Feb. 13, 2022. Mandatory Credit: Kirby Lee-USA TODAY Sports

The NFL may be starting to realize that allow players to gamble is not such a good thing.

The NFL recently suspended five players — including four Detroit Lions — for their sports betting activity. An Indianapolis Colts player was also investigated for his “pervasive” sports betting.

But nothing may be worse than one story that is just receiving attention this week.

Pro Football Talk’s Mike Florio reported on Wednesday that one NFL player lost $8 million from gambling in 2022.

Florio did not disclose the identity of the player — it’s possible he wasn’t even told who it was — but that may not be as important as the underlying issue.

Professional sports leagues used to keep sports betting as far away from the product as possible for integrity purposes. MLB took a particularly strong stance against sports betting (just ask Pete Rose) in response to the Black Sox scandal over 100 years ago. None of the leagues would allow a franchise to be located in Las Vegas. Now all the leagues have not only partnered with sports betting companies, but become investors in them. There are advertisements all over sports leagues promoting wagering, as well as sportsbooks inside stadiums.

We have seen coaches lose jobs, players get suspended, and college athletes investigated over sports betting issues.

Now we’re hearing about an NFL player who lost $8 million.

Charles Barkley has always said that gambling is “not a problem if you can afford it.”

All we can say is that hopefully the player can afford it, because losing that kind of money on gambling is not a good thing, and something that should cause the leagues to reevaluate their stance on sports betting.