Trying to figure out how to read financial statements for betting companies
Is it by total number of money people bet on games, is it what they make after what they pay out?
Confused by how revenue is made up for companies that deal with betting and if it differs vs actual casinos. Most of these companies have huge losses and I understand why with such huge costs to get customers.
But I'm not sure if the lost bets are part of their expenses or if they just lower the revenue.
Thank you!
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