Sports Betting Apps, Is A New Generation Getting Hooked?
Written by Tariq on February 5, 2025
As nearly half of America prepares to gather to eat pizza and chicken wings and watch the Super Bowl featuring the Kansas City Chiefs and the Philadelphia Eagles, millions will place bets on the game using apps from companies like FanDuel, DraftKings and ESPN Bet. While the legal betting age on apps varies between 18 and 21 in the 38 states that have legalized them since 2018, many underage fans will attempt to skirt age verification requirements by providing fake identification or an older family member’s financial information. Simply put, there’s a lot of money at stake for companies looking to lure in new customers. Thanks to the popularity of sports betting apps, revenues for sports betting have gone from just shy of $430 million in 2018 to a staggering $11 billion in 2023, according to figures compiled by Statista. During Super Bowl weekend last year, GeoComply, a company that conducts age verification for betting apps, processed 122 million checks, roughly 22% more than the previous year.
A 2024 survey conducted at Redwood High School in Larkspur, Calif., found that 74% of students said they had placed a sports bet using an online platform despite being underage. That squares with 2023 data from NCPG showing that between 60%-80% of high school students reported gambling money the previous year, and 4% to 6% of them will be at risk of developing a gambling problem.
Source: Yahoo
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