Bloomberg Surveillance · Saturday, September 12, 2026
A Bank of America report indicates that 20% of respondents perceive sports betting as a form of investment. However, Zi Jia Song clarified that for every dollar placed in online betting, only 75 cents are recovered, suggesting it's not a sustainable income source. FanDuel's president stated that their platform is primarily for entertainment, not for customers to invest money.
“According to a new Bank of America report, one in five respondents to the survey saw sports betting as an investment, or at least one kind of investment.”
“It's primarily, it's pretty much purely entertainment for me personally, and I think that's the way, that's the experience of most of the customers on our platform.”
“So this Bank of America report shows that for every dollar that's put into these online betting companies, which includes sports betting sites like FanDuel or prediction markets, only 75 cents are recovered.”