Ryan Knutson

That's our colleague Catherine Sayre. And she says that lately, the sports betting industry has been going through some growing pains. How's business for sports betting apps right now?

That's our colleague Catherine Sayre. And she says that lately, the sports betting industry has been going through some growing pains. How's business for sports betting apps right now?

Despite this saying, the house can, in fact, lose. And this past NFL season, betting apps have been losing, and gamblers have been on a hot streak. That's because people are more likely to bet on the teams that are favored to win, and there have been fewer upsets in the NFL this year.

Despite this saying, the house can, in fact, lose. And this past NFL season, betting apps have been losing, and gamblers have been on a hot streak. That's because people are more likely to bet on the teams that are favored to win, and there have been fewer upsets in the NFL this year.

Despite this saying, the house can, in fact, lose. And this past NFL season, betting apps have been losing, and gamblers have been on a hot streak. That's because people are more likely to bet on the teams that are favored to win, and there have been fewer upsets in the NFL this year.

Combined, DraftKings and FanDuel expect to make hundreds of millions of dollars less this year than previously thought because so many customers have been winning. As the DraftKings CEO put it, the company had, quote, You know, we're talking about gambling.

Combined, DraftKings and FanDuel expect to make hundreds of millions of dollars less this year than previously thought because so many customers have been winning. As the DraftKings CEO put it, the company had, quote, You know, we're talking about gambling.

Combined, DraftKings and FanDuel expect to make hundreds of millions of dollars less this year than previously thought because so many customers have been winning. As the DraftKings CEO put it, the company had, quote, You know, we're talking about gambling.

Another problem for the gambling industry has to do with its reputation. Companies have faced criticism from lawmakers and gambling addiction advocates for relying on heavy gamblers for much of their business, or as the industry calls them, VIPs.

Another problem for the gambling industry has to do with its reputation. Companies have faced criticism from lawmakers and gambling addiction advocates for relying on heavy gamblers for much of their business, or as the industry calls them, VIPs.

Another problem for the gambling industry has to do with its reputation. Companies have faced criticism from lawmakers and gambling addiction advocates for relying on heavy gamblers for much of their business, or as the industry calls them, VIPs.

The problem with VIPs, though, is that some of them are spending way more money than they can afford to lose. And gambling companies are required to have responsible gambling practices.

The problem with VIPs, though, is that some of them are spending way more money than they can afford to lose. And gambling companies are required to have responsible gambling practices.

The problem with VIPs, though, is that some of them are spending way more money than they can afford to lose. And gambling companies are required to have responsible gambling practices.

DraftKings and FanDuel have said they're committed to promoting responsible gambling and protecting consumers.

DraftKings and FanDuel have said they're committed to promoting responsible gambling and protecting consumers.

DraftKings and FanDuel have said they're committed to promoting responsible gambling and protecting consumers.

Rather than rely so heavily on VIPs, sports betting companies are trying to court more customers like Alex.

Rather than rely so heavily on VIPs, sports betting companies are trying to court more customers like Alex.

Rather than rely so heavily on VIPs, sports betting companies are trying to court more customers like Alex.