00:00So Jia Song wrote the story about this report, and she joins us now.
00:03So what surprised you in the findings of this report?
00:05Because you've written about how the lines are blurring for young investors between sports betting and investing.
00:12Yeah, exactly.
00:13I think this report really provides a new insight into kind of the recovery ratio for investors.
00:20Actually, not investors, bettors, in this instance.
00:23Freudian slip there.
00:24Yeah, exactly.
00:25So this Bank of America report shows that for every dollar that's put into these online betting companies,
00:32which includes sports betting sites like FanDuel or Prediction Markets, only 75 cents are recovered.
00:40Of course, some of the winnings might stay on the platform so that people can roll that into future wagers,
00:46but it really shows that online betting is really not a form of sustainable income or payment.
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