More Americans see gambling on sports as an investment tool, but DraftKings CEO says most bettors know ‘they’re likely to lose money’ over the long term

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While DraftKings CEO says betting is for entertainment only, 31% of sports bettors surveyed view gambling as an investment strategy.

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Article Details

Author / Journalist: Stuart Dyos

Category: EconomyBusiness

Markets: United States

Topics: Always Free Sports gambling DraftKings Gambling

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-15 @ 18:03:10 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 20 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 26174528

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 25 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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