Fintech Takes

Fintech Takes: Gambling, Finance, and the Fallout

4 snips
May 28, 2025
In this insightful discussion, Alex DeMarco, Founder and CEO of MoneyStack, sheds light on the urgent financial crisis posed by gambling addiction. He explores the dramatic rise of mobile sports betting and its staggering revenue, with alarming rates of addiction affecting many. DeMarco connects gambling tactics to fintech models, revealing how both employ addictive engagement strategies. He emphasizes the need for proactive financial interventions and the role of banks in addressing this overlooked issue, advocating for a collective approach to promote financial wellness.
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INSIGHT

Mobile Sports Betting Boom

  • Online sports betting revenue hit about $72 billion last year, driven largely by mobile access and app engagement. - New Jersey, an early adopter, shows double the national rate of moderate to severe gambling issues.
INSIGHT

Sophisticated Gambling App Tactics

  • Mobile sports betting apps use data-driven engagement tactics, including AI-driven nudges and human VIP hosts. - These tactics target frequent gamblers to maximize betting volume and revenue.
INSIGHT

Mobile Sportsbooks' Profit Advantage

  • Mobile sportsbooks retain structural holds around 14%, nearly triple Nevada's in-person rate of 5.6%. - Gamified betting formats like parlays increase excitement but lower winning odds, driving losses for most players.
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