Is betting on sports a smart way to make money?
Growth and Earning Trends
The sports betting area grew fast, up 38% each year from 2018 to 2023, now worth $7.5 billion.
Work Problems and Money Details
- Money to Get Users (CAC): $300-800 per person
- How Long Users Stay: 12-15 months
- Money Spent on Ads: Up to 40% of what they make
- Big Losses: DraftKings lost $1.4 billion in 2022
Market Structure and Plans for Money
In the sports betting world, five key players own 90% of the scene.
What to Think About Before You Begin
- New places starting legal betting
- Rules and staying within them
- Tech growth
- Keeping and pleasing customers
- Earning money
- Betting Strategy
The future depends on cutting the cost per user and keeping users longer.
Market Size and Big Jumps
Huge Rise in U.S. Sports Betting
Market Size and Earned Money
The U.S. sports betting market grew from $1.5 billion in 2018 to $7.5 billion in 2023, marking 38% growth each year.
It might reach $12 billion by 2025 and maybe $20 billion by 2028.
