Digital betting platforms have exploded into the American zeitgeist over the past few years. These digital sportsbooks are often framed as whimsical apps designed for amusing little small-time bets, but the reality is that they’ve plunged tens of millions of people into gambling debt.
According to a bombshell analysis by Bloomberg, the least active two-thirds of sportsbook gamblers account for just 2.7 percent of estimated revenue — meaning that the remaining 33 percent of highly-active bettors account for the overwhelming bulk of the industry’s earnings.
That finding has some…