Awareness of legalized sports betting varies by demographic group. Men are far more likely than women to say they have read or heard at least a little about it (69% vs. 44%). Americans ages 50 and older, those with a college degree and those in upper-income households are also among the groups who are more likely to have read or heard about it.
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Now let¡¯s grapple with the cold, hard reality of trying to turn a profit. Assume a $1 bill represents each vertical ¡ª one for sports wagering, one for casino gaming. The industry standard hold for online sports wagering is 7%, which means our company will gain one nickel and two pennies for every dollar wagered on a sporting event on our site.
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¡°I¡¯m a big fan of looking at it from 30,000 feet,¡± says Ercole, whose nonprofit organization doesn¡¯t lobby to end sports betting but instead uses legalized gambling as an opportunity to discuss potential problems. ¡°Yes, there are issues, and there continue to be issues, and they may intensify. Sometimes, you have to look at the opportunities. For so long, people didn¡¯t talk about it. It was taboo to talk about problems. As we talk about it, more resources and relationships are being built to help.¡±