The Financial News

The Financial News

How To Actually Make Money Sports Betting (Here’s the Math)


Sports betting has exploded in America—but can you actually make money betting on sports, or is it quietly hurting your ability to build wealth? We look at the rise of online sports gambling, why Gen Z and young investors are increasingly drawn to betting, how sportsbooks make money, and what the numbers reveal about long-term sports betting profits. Then we compare gambling with investing, retirement savings, Roth IRAs, 401(k)s, index funds, and the opportunity cost of losing money while you’re young. If sports betting is part of your entertainment budget, here’s how to think about it without sacrificing your financial future.

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🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.

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