Post by @stats_feed
80% credible (85% factual, 70% presentation). The claim that only 4% of over 700,000 online gamblers profited from sports betting between 2019-2023 is largely accurate based on industry data, but lacks specific source citation for the exact study. The presentation quality is reduced due to omission framing, presenting the statistic without methodological details or context.
Analysis Summary
Only 4% of over 700,000 online gamblers profited from sports betting between 2019-2023. This statistic highlights the low success rate in the industry. Verification through industry reports confirms the general unprofitability for most bettors.
Original Content
The Facts
The claim aligns with industry data showing most gamblers lose money, largely accurate but lacks specific source citation for the exact study.
Benefit of the Doubt
The author's intent is to inform on the risks of online sports betting by emphasizing low profitability rates. Emphasized: Extreme low success (4%), large sample size for credibility. Omitted: Details on the study's methodology, definition of 'made money' (e.g., net profit thresholds), regional focus, or counter-evidence like professional bettors' success. Key omission: No mention of house edge (typically 4-10%) or regulatory data on losses, which would provide broader context on why only few profit. This selective presentation shapes perception toward viewing betting as universally unprofitable, potentially discouraging casual participation without balancing with industry revenue growth.
How Is This Framed?
Biases, omissions, and misleading presentation techniques detected
Presents statistic without source or methodological details, implying universal applicability while omitting study limitations.
Problematic phrases:
"An analysis of more than 700,000 online gamblers found"What's actually there:
Statistic from unnamed study
What's implied:
Definitive industry-wide truth
Impact: Leads readers to overestimate the futility of betting without considering variables like bet size or expertise, fostering undue pessimism.
Focuses on percentage without absolute numbers of winners or total losses, neglecting the scale of industry profits from losers.
Problematic phrases:
"only 4% of them"What's actually there:
Industry revenue $13.7B in 2024 from bettors' losses
What's implied:
Negligible winners overall
Impact: Misleads on betting's economic impact by downplaying how few winners sustain the multi-billion-dollar industry.
Sources & References
External sources consulted for this analysis
https://www.statista.com/topics/1740/sports-betting/
https://rg.org/statistics/us
https://www.statista.com/statistics/1126480/sports-betting-revenue-us/
https://www.legalsportsreport.com/sports-betting-states/revenue/
https://www.covers.com/betting/betting-revenue-tracker
https://www.espn.com/espn/betting/story/_/id/43922129/us-sports-betting-industry-posts-record-137b-revenue-24
https://www.americangaming.org/resources/commercial-gaming-revenue-tracker/
https://dotesports.com/gambling/guides/esports-betting-statistics
https://www.sportsbettingdime.com/news/betting/new-york-online-sports-betting-reports-28-5-million-revenue-increase/
https://globenewswire.com/news-release/2025/04/29/3069982/28124/en/Online-Sports-Betting-Industry-Outlook-2025-2030-Rise-in-Online-Payment-Gateways-Fuels-Growth-Exceeding-93-Billion-Revenue-in-2030-at-11-65-CAGR.html
https://www.espn.com/espn/betting/story/_/id/39563784/sports-betting-industry-posts-record-11b-2023-revenue
https://www.prnewswire.com/news-releases/online-sports-betting-industry-projected-to-grow-from-9-5-billion-last-year-to-37-billion-in-2025--301397873.html
https://www.globenewswire.com/news-release/2024/10/23/2967541/28124/en/83-5-Bn-Online-Sports-Betting-Market-Analysis-and-Industry-Trends-2024-2029-Relaxation-in-Regulation-Frameworks-Presenting-Lucrative-Business-Opportunities.html
https://variety.com/2022/sports/tech/u-s-online-sports-betting-breaks-record-in-2022-80-billion-nfl-march-madness-1235467345
https://x.com/stats_feed/status/1507784584456380425
https://x.com/stats_feed/status/1489930667559432199
https://x.com/stats_feed/status/1747714155283403106
https://x.com/stats_feed/status/1724628155955060789
https://x.com/stats_feed/status/1936052565659336917
https://x.com/stats_feed/status/1697584201267036198
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