"Over 90% of what is wagered gets returned to bettors in the form of winnings. That $1,000 in bets translates to roughly $100 in average losses per adult." I think this is the important thing to remember about gambling: Of all that money ($166b), a tiny group is losing the most.
Catherina GioinoI wrote about how much Americans wagered on sports betting in 2025 and how it’s more than they spent on movies, art, museums and music combined. Read my article @fortunemagazine.bsky.social fortune.com/2026/07/26/g...