The State of the New Sports Bettor

In 2019 alone, more than $15 billion was wagered on sports betting, and companies have been flooding this gold rush market.

Throughout this period of intense growth, we spoke to clients, media and industry experts regarding the future of fantasy sports and the rise of sports betting. In speaking with these groups, we heard one recurring theme, which was, “We understand the fantasy sports landscape, but we don’t know much about the common bettor.”

To solve this problem, HPL Digital Sport conducted a third-party study on the demographics, habits, needs, desires and outlook of the new American sports bettor. More than 4,400 sports bettors were surveyed, solidifying a clear understanding of the new sports bettor and providing context for sports betting platforms to refine their go-to-market strategy, product and service offerings, and marketing and communication efforts.

Here is a preview of our insights.

INSIGHTS

The shift in sports over the past few months will redefine sports betting and accelerate its already rapid growth. Check out the following insights from our research on changing attitudes and regulations.

01

There is an opportunity for brands to innovate experiences for better engagement

02

More states will open up legal gambling quicker to boost revenue

03

Mobile betting will be the industry norm and not a state by state luxury

04

With less income available, betting operators will need to become more creative to build audiences

KEY FINDINGS

In our research, we answered long-standing questions regarding sports bettors’ demographics, education and habits. All of which helps us better understand the new sports bettor and how we can cater to their needs.

Bettors want stronger content

The capabilities that bettors wished that their betting platform utilized include betting tips, engaging editorial content and an internal social network to communicate with other bettors, overall showing a need for a more robust user experience.

The habits of a bettor

70% of bettors bet more than $100 a month, while 27% spend more than $500 a month. Additionally, 75% of sports bettors are placing bets at least once a week, however, only 51% are betting several times per week.

A Sports Bettor Education

51% of sports bettors have a bachelor’s degree or higher, compared to the 33% of all Americans that have a bachelor’s degree or better.

However, highly educated doesn’t equate to ultra wealthy, as 69% of bettors make less than $100,000 a year and only 6% make more than $200,000 a year.

People that play fantasy also bet

The fantasy player and the sports bettor are nearly one in the same, given that 89% of sports bettors play fantasy sports.

Bettor’s #1 concern in picking a platform is ease of payouts followed by security, then brand reputation.

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