A Bloomberg analysis found that the least active two-thirds of sportsbook users generate only about 2.7 percent of estimated industry revenue, meaning the remaining third of highly active bettors account for the bulk of earnings. The analysis also found typical bettors lose about 39 cents per dollar deposited, while the top one percent of depositors lose nearly 78 cents per dollar. FanDuel told Bloomberg it offers tools like deposit limits and self-exclusion, describing its product as entertainment.
futurism.com
· 2026-11-11
FanDuel's AI blackjack dealer, designed to mimic human interaction with banter and memory, became so well-received that the company sold it as a B2B product to other gaming operators. This shift was driven by the dealer's popularity and the high operational costs of live dealers in casinos.
entrepreneur.com
· 2026-10-07
Thomas, a former sports bettor from Pennsylvania, who accumulated over $50,000 in online sportsbook debt and filed for bankruptcy, self-excluded from DraftKings and FanDuel. After discovering Kalshi through an Instagram ad, he was drawn into a new form of betting on prediction markets, which he found difficult to resist despite initial intentions to quit gambling. His experience highlights how new platforms can attract individuals seeking alternative gambling outlets after bans or financial setbacks.
npr.org
· 2026-10-05
Federal prosecutors in the Eastern District of New York indicted five people, including former Hornets player Terry Rozier, over a sports betting conspiracy in which Rozier allegedly tipped off a friend before deliberately leaving a game early, enabling over $200,000 in profitable 'under' bets on his performance. Podcaster Bill Simmons and guest Joe House argued that legalized sportsbooks actually helped detect the irregular betting patterns that exposed the scheme.
iainschmitt.com
· 2026-08-28
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