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Why Online Sportsbooks Are Losing Money

Wall Street Millennial | August 22, 2025



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In this video we analyze the online sports betting industry and why all of the major sportsbooks are currently losing money.

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0:00 – 1:56 Intro
1:57 – 4:46 History of Sports Betting
4:47 – 7:32 Draftkings and Fanduel
7:33 – 10:12 Economics of Sports Betting
10:13 – 16:32 Competition for Gamblers
16:33 – 18:58 Whale Hunting
18:59 – 20:20 Online Casino
20:21 Path to Profitability

Written by Wall Street Millennial

Comments

This post currently has 41 comments.

  1. @wallstreetmillennial

    August 22, 2025 at 7:48 am

    CORRECTION: For the bonus bet promotion you generally don't get your principal back if win the bonus bet. So in the Bet MGM example the expected profit is $318.75 not $683.75 as stated in the video.

  21. @Graham-e6c

    August 22, 2025 at 7:48 am

    I like betting on sports but i never watch the games, i bet $5 on horse #, go have dinner ,then go check if i won or lost, because watching sports is boring.

  24. @TheeMistermono

    August 22, 2025 at 7:48 am

    I'm really surprised the Native American casinos weren't mentioned here. For many they are just down the road, you don't need a passport, and they have no problem dealing in the US dollar.

Comments are closed.

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