Oh same. I think it is far, far worse. Sports betting has a really gross social component where the group applies social pressure to push casual spectators to "put their money where their mouth is", I don't think sports betting at a venue should be illegal, but I also don't think letting anyone place bets with a booky from the drunken comfort of their friend's living room is at all beneficial for society.
I kind of get the argument, even if I'm not fully convinced, that betting is something people are going to do anyway so you might as well codify it and keep it honest, but if nothing else, advertising sports betting should absolutely be illegal, and sports betting should probably still be illegal.