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> and although it's unstated and I have no evidence, I think this is where the actual money comes from The article links to a WSJ article that says this group
by dustincoates 2y ago
> and although it's unstated and I have no evidence, I think this is where the actual money comes from
The article links to a WSJ article that says this group of problem players provides more than 50% of revenue to the betting companies despite being just 3% of all bettors.
> Of the more than 700,000 people in the SMU panel, fewer than 5% withdrew more from their betting apps than they deposited... The next 80% of bettors made up for those operators’ losses. And the 3% of bettors who lost the most accounted for almost half of net revenue
- DrScientist 2y ago> fewer than 5% withdrew more from their betting apps than they deposited... The next 80% of bettors made up for those operators’ losses. And the 3% of bettors who lost the most accounted for almost half of net revenue That's a deliberately misleading representation - they offset the 80 against losses rather then the 3%. In terms of net revenue the 3% are less than half net revenue - not more.
- deleted 2y ago[deleted]