We begin with betting on sports in 2018 the Supreme Court cleared the way for states other than nevada to allow legal wagering just last week voters in colorado approved a referendum joining 18 other states plus washington, d. C. , to legalize Sports Betting its the move no bill that is really winning game on is todays cover story walk into a sports book and youll see players laying down bets, but more and more theyre skipping the line and wagering right on their mobile phones very convenient and its fun and theres a lot more you can do on your phone. Reporter a lot of the betting takes place within the game who will score the next touchdown, jump shot or home run. That actions too fast for traditional wagers the states now offering mobile sports gambling are working to maximize revenue, both in handle, the total amount gambled, and in taxes collected for state and local government. Right here in nevada we do about 70 of our handle on mobile and thats despite the fact that we have 113 Retail Locations in nevada. Whats more, mobile Sports Betting increases business for Online Casinos pushing players to plunk down their pennies on digital slots, blackjack or led in poker. Anything that drives people to the mobile, they can see a whole host of options of things they can do and they get interested in it. In new jersey, mgms resort business doubles after it was offered on mobile phones and the Company Predicts mobile could bring in 80 of gaming revenues in the future. An estimated 150 billion was bet illegally before the Supreme Court decision paving the way for legal sports gambling. Since then 11 billion has been bet legally. The convenience of mobile gaming makes it easier to compete against those illegal and off shore operators. The reality is Sports Betting is happening today its happening on peoples phones theyre just using illegal sites so if you dont offer a competitive mobile product in a state, people arent going to change their behavior. Reporter half a dozen more states will soon roll out mobile gambling theyre betting the move to mobile will boost their bottom lines as well. For on the money im Contessa Brewer in las vegas. With the laws quickly changing and Sports Betting booming is legal sports gambling growing too fast bill miller is the president and ceo of the american gaming association. Thanks for being here. Good to be with you. Las vegas was the one place you could legally bet on sports. Why do you think weve seen this rapid acceptance of Sports Betting in so many states so quickly . Its been just 18 months since the Supreme Court ruled that nevada shouldnt have a monopoly the reason that theres been such a great uptick, 20 states including the district of columbia, is because americans have always wanted to bet on sports and importantly theyve always bet on sports, unfortunately, it had always been in the illegal market. You dont think its a situation where people are gambling more or where more people are gambling, you think its illegal stuff that is legal . I think the illegal off shore market does not publish any of their statistics or market share but we absolutely believe that americans have always bet on sports and now they are much more comforted by the fact that they can bet on sports legally and we believe that that is absolutely coming out of the off shore market or the illegal market. I think its coming from other places, too. You may be very correct in assuming that people who used to do it illegally are doing it the legal way instead but i know people who have started gambling because its so easy it is on their phone its legal these are people who werent betting before are there any guardrails out there trying to protect problem gamblers with a gaming addiction . Because it seems like it is a lot easier than it ever was. It is easier. The gaming industry has an absolute commitment to responsible gaming and responsible gambling and that takes place in a way in the regulated market that doesnt exist in the off shore and illegal market websites that are off shore dont have any worry about how much you gamble or how much you bet. I think that the manner in which we regulated it in a safe and transparent way creates much more protections for the betters. How much is too much to lose or gain . What limits do you put on people i think the limits are every person has a different limit with regard to what they think is important, but as an industry, were an Entertainment Industry for us, it really is about making sure that you create the right balance in terms of entertainment, fun, excitement but with the appropriate guardrail. Bill, i hear you. Obviously it is a lot more fun to watch a game, even if youve got 5 riding on it. Thats the whole joy of the sweet 16 when you look at College Sports and some of the things out there it doesnt have to be a lot of money, but now when you can bet on every play thats taking place, if you can bet whos going to make the next one, thats what i mean is there a pattern that you would say, hold on a second, this person is betting way too many times its lets put a bit of a governator on it. With digital and mobile you have that opportunity. We are working with our partners to try and figure out how you create digital timeouts and create budgets for people and that doesnt exist in the illegal market i think for us it really is about creating a transition that allows for better protections for the people that are going to find better Fan Engagement and more excitement in the sports bar or in their own living room. Bill, thank you for your time today. No, thank you so much for having me. Sure. Up next, were on the money. Resolving conflicts can be a costly endeavor, both emotionally and to the wallet. Theres a new app thats helping separated parents stay out of the courtroom and well talk about that next. Later, time to make that Holiday Shopping list. Were going to tell you how you can check it twice to keep your spending in check. Right now lets take a look at how the stock market ended the week ask any parent raising kids can be stressful enter coparenter, thats an app using a. I. Technology to help parents communicate, manage their disputes and make parenting decisions without going to court joining us are Jonathan Burk and judge Cheryl Ellsworth welcome to both of you judge, youve been somebody sitting in that gallery and in that courtroom for a long time 20 years, 10 of them in family law. Thats correct. What does this app do that you havent been able to do in the courtroom . I was unable to help people when they would come into court with their heart felt problems and wanting to know how to parent their children and come to me and ask the court to make that decision for them this app allows them to make those decisions on their own you know, a courtroom is not a place to raise a child, a home is even if thats at two different locations. How does it actually work whats the ai do is it looking for curse words . Is it looking for the same type of topics . We built the platform to address the everyday coparenting issues that come up. Such as such as communication helping to optimize communication. We look for words, terms, phrases, names that people often call each other, say to each other. We give them a chance to maybe not send it right away wait a second like red flag warning this is going to set off a reaction . Yeah, not only reaction but if you send it, it could come back and bite you if you do end up in court. So our tool helps people, you know, optimize their relationship, help keep it a more positive civil yes, far more civil we help coordinate schedules we help make sure people are checking in for pickup and dropoff. Thats one of the big issues that come up in court all the time we help synchronize data and information about the kids so that you dont have to call the other parent to gather that information. Arguing less and communicating more thats exactly right. Judge ellsworth, what happens if both parents wont commit to using this app it seems like you have to have two willing parties. Well, a court can come in and order it which is something courts are doing throughout the nation and throughout canada they see the value in having parents make their own decisions. Its 12. 99 a month. Its a heck of a lot cheaper than any lawyer hanging around for an hour. Even for filing a motion. Any motion in this country is going to cost you 200 just to get into the court, never mind a lawyer. Judge, what tips would you offer just having watched this play out so many times holidays can be particularly stressful . Ill give you three quick tips start anything with the end in mind what do i mean project out 10, 15 years look at your child looking back. Did they have a Great Holiday filled with traditions and love and memories that you want them to garner or to keep or do they look back and say, i hated the holidays because my parents used it as another battlefield . Communicate kindly talk with one another and be child centered in your speech. Dont talk about my holiday or your familys traditions talk about what our child is going to have in the holidays. It takes a focus off your stress and gives you a mutual place to put your thoughts towards. Probably what the most important thing is, is to make a plan, a concise plan and make it in writing so that you know on sunday, on christmas eve, on thanksgiving day what time pickup is, what time dropoff is. Plan for the inevitable. That is that it will break down so have a plan in mind we help do it on the app if you need help doing that, we help write that up in a manner that helps parents be able to stick to a plan and work through the holidays. And take some of the stress out of it. Takes a lot of it out of it. Thank you both for your time. Thank you. Up next, were on the money. How to plan your Holiday Spending to keep this years gift giving generous and affordable. Later, the latest weapon against rising tides and extreme storms it may be whats on your dinner plate. 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The Holiday Season is coming and so is the shopping going into Credit Card Debt to buy gifts is a trap that lots of us fall into this time of year joining us with how to stay out of it and on budget is Sharon Epperson what exactly are consumers expected to spend on gifts how common is it for people to go into debt reporter its pretty common for people to go into debt and last year according to last year according to experian, consumers racked up over 1,000 in debt. This year theyre expected to spend 1600 on their Holiday Gifts. What . Thats a lot. The good news is, they have great intentions they plan to pay in cash another Strong Majority say theyre also going to pay down their debt as they go along. Thats good the thing is, they also admit the reality is theyre probably going to spend too much. All right give us some tips. How can we actually try to avoid going into debt, falling into that trap . The first thing you need to do is make sure you create a shopping fund. You should have money set aside that you saved throughout the year to go to Holiday Shopping if you dont have one, create one now. You can start to save a little bit one now, as much as you can. Dont eat out as much. Earmark some of the money you might want to spend, a specific amount, for Holiday Gifts and dont go over that amount. You want to set a specific spending number. How many people are you buying for . How much are you going to spend . Round that up by 20 you have to go to the holiday parties, hostest, host make sure you have that. The other thing is making sure you pay for the gifts in cash. Youre likely to spend less money if you do that if you use a credit card or online shopping, use that 24 hour rule. Dont buy it for 24 hours, see if you really want it, if that person will really want it and appreciate it. Use that specific amount of money youve set aside to then be able to pay off that balance for Holiday Spending in full when the bill comes. The last thing you want to do is rethink how youre giving gifts. Not necessarily Everybody Needs a gift maybe its immediate family members. My son knows unless theres a coupon with it, he wont get it. Hell note theres a sale or a coupon going that way is a good idea as well also, think about the companies that offer Free Shipping if you are going to shop online, you dont want to go to the stores, that can help you comparison shop for your gift. Sure. But it can help you with the Free Shipping. Stick to retailers who will give you that break. Lets say i over spend, dont stick to the budget. What are the best ways to get out of it and help recover you need to go on a diet. A lot of people want to go on a diet the beginning of the year go on a spending diet. Only buy essential items make sure you pay more than the minimum balance due if you have spent a lot of money on credit cards over the holidays. Some say pay the highest Interest Rate card first others say i want to get the smallest balance out of the way. Theyll deal with that start saving now for next year if you put 50 away every month starting in january, by this Time Next Year youll have over 500 to spend on Holiday Gifts and travel good tips up next on the money, look at the news for the week ahead. Protecting our shore how restaurant trash is being preserved. The new solution against storm surge. One dose provides more vitamin b3 than 50 cups of kale and improves 7 key areas of visibly healthy skin. Try olay total effects. Introducing a razor that works differently. The Gillette Skinguard has a guard between the blades that helps protect skin. The Gillette Skinguard. A lot of folks ask me why their dishwasher doesnt get everything clean. I tell them, it may be your detergent. Thats why more dishwasher brands recommend cascade platinum. Its speciallydesigned with the soaking, scrubbing and rinsing built right in. Cascade platinums unique actionpacs dissolve quickly. To remove stuckon food. For sparklingclean dishes, the first time. Choose the detergent that lets your dishwasher do the dishes cascade platinum. The number one recommended brand in north america. Here are the stories coming up that may impact your money this week. Happy birthday mickey. The original disney star made his film debut 91 years ago in steamboat willey. On tuesday well see how many Home Construction projects were started in october. On wednesday well get the minutes from the last Federal Reserve meeting. Well have the fifth democratic debate taking place cohosted by msnbc and the washington post. On thursday well see how many homes were sold and on friday well get the Consumer Sentiment report. Well take a look at what some are shelling out in the battle to protect the shores from the rising sea levels diane no olick has more on the rising risks to real estate. Reporter at manhattans iconic tavern where the menu celebrates locally sourced sustainable food, something transformational is going on in the trash. The tavern is one of more than 70 new york area restaurants donating their wholly eaten half shelves to repopulate the oyster reefs in new york. When i learned more about their technique they had me hooked they are natural barriers that protect shorelines from erosion, rising tides and increasingly severe storm surge. They knock down the height and force of waves, but theyve been decimated by a century of over harvesting and worsening water quality. Weve seen almost 80 of oysters in estuaries worldwide. Antonio rodriguez studies this growth. He says the best way to protect the billions of dollars of coastal real estate from the effects of Climate Change is to go back to nature. The goal is to keep people safe, keep their property intact and sometimes making your environment more natural and learning from the way the environment was before we developed it, those are the best techniques. Reporter oyster reefs are being rehabbed from new york to texas. The u. S. Navy and air force. This is the oyster hatchery of the new york harbor school. They grow all of our oysters. Reporter the billion oyster project is one of the most ambitious. A twist on farm to table its table to farm with a 3. 5 million annual budget from grants from Superstorm Sandy it collects 10,000 pounds of discarded shells and brings them to Governors Island to cure and puts them in a hatchery where they spawn oyster larvae. You can see two baby oysters. We realized just how valuable this could be in new york harbor they used to have over 200,000 acres of oyster reefs and that population is virtually extinct. Reporter so our natural barriers are gone . Correct. Reporter youre telling me this big old pile of oyster shells is going to save us i dont know save us, it could absolutely help. Reporter the goal is to place 1 billion live oysters across 100 acres of reefs by 2035 bag by bag. Projects had to prove that not only were they making the shorelines more resilient, but they were creating social resilience that is, bringing even the largest communities together to protect their own real estate. We wanted to engage communities everywhere thats how you get long standing change, right . The community and the people that live there and work there are actively involved in stewarding their local environment. Were lucky to live and work in new york city where we have access to some of the freshest and the best, widest variety of species anywhere in the world. But with that comes a responsibility of the choices that we make reporter some of the Biggest Challenges to programs like this one are local permitting rules, poachers and would you believe, becky, some shoreline homeowners who dont want these reefs ruining their swim areas and potentially hurting their property values. I couldnt believe that. If you step on an oyster shell, it hurts. I was just at baltimore and i saw a lot of the oyster shells that are put back. I dont know if its the same program or not a big part is the partnership with the restaurants how does that work it fits into all of the climate issues what you saw in baltimore is not the same program there are multiple programs going on up and down the coast thats part of the social resilience you see billions and billions of federal dollars going into the Recovery Efforts after these storms, after these big floods if you can build that resilience beforehand, youll save the real estate, youll save the money. That has to do with getting communities to be involved whether its oyster reefs, preventing forest fires. Its local areas and people working to save them. Diana olick folks, that is our show for today. Im becky quick, thank you so much for joining us. Next week, well have holiday wines. Awardwinning bottles that wont break your budget. Each week, keep it right here and we are on the money. Have a great one and well see you next weekend captain dan nathan has ha combat plan if this retailer takes a dive around earnings plus. I thought you might put a volatile psycho path on the job. We put a level headed make