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Mobile Sports Bettors Earn High Wages Sports Betting

More Than Half of Mobile Sports Bettors Earn High Wages

By Blake Roberts Founder & Editor in Chief Updated: 14 September 2022

Blake Roberts Founder & Editor in Chief

Blake Roberts is the founder of Betting.US and is currently heading the creative team as Editor in Chief. Born and raised in Morgantown, West Virginia, Blake is a great sports fan, with football and basketball being his favorite. He’s our trusted voice for all betting-related matters.

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A report from the credit reporting agency TransUnion has shown that many of those who use mobile sports betting platforms in the United States are on high incomes. The data shows that more than half of users are earning at least $100,000 per year. However, the credit agency said that sports betting operators should still look into player finances.

TransUnion, which is one of the big-three credit agencies, has been monitoring gaming in mainland Europe and the UK for some time. It has now ventured into the US sports betting industry and has compiled reports relating to its research into sports betting within the United States. This comes after conducting research into online sports betting across the country.

Impact on Purchasing Power of Sports Bettors

Officials from the credit agency said that while a lot of those who use mobile sports betting platforms in the United States are on very good incomes, there are a lot of things that are currently impacting the income of players.

One of the key things that has taken its toll on the finances of bettors is soaring inflation and the much higher cost of everyday essentials. While many online bettors earn a very good income, inflation is still cutting into their disposable income considerably.

In addition, there have been a number of sharp increases in the interest rate over recent months as the central bank tries to get soaring inflation under control. This will also have taken its toll on the finances of many bettors who have mortgages.

As a result of these factors, officials from TransUnion have said that it is all the more important for sports betting operators to look at finances and affordability no matter what the earnings of the bettor. The agency said:

At face value, most of the consumers engaging in mobile sports betting can likely afford to do so. At the same time, our findings demonstrate how important it is, especially during a time of economic uncertainty, that operators utilize comprehensive data to identify both resilient and distressed consumers.

TransUnion added that taking these steps would make it easier for operators to protect bettors and would provide a much safer experience for sports fans.

Encouraging Responsible Play

By checking the financial positions of those who sign up to bet on sports online, operators can help to encourage responsible play. This could help to reduce the risk of bettors – even those with high incomes – getting themselves into debt or failing to keep up with essential payments in the face of soaring prices.

The agency said that by ensuring in-depth checks were carried out, operators would have a much better understanding of the financial wellbeing and personal financial situations of its players. This would then make it easier for the operators to make informed decisions relating to how much bettors could realistically afford to bet.

One of the other things that the agency pointed out was the importance of sports betting operators informing bettors about responsible gaming resources and tools.