While sports wagering churns a lot of money, with participants gambling and winning large sums, margins on the bets are only around 5 percent.
from https://www.bizjournals.com/baltimore/news/2019/02/12/maryland-lottery-and-gaming-chief-sports-betting.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/182764545452
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