Market research shows wagering little affected despite inflation

Friday, December 15, 2023 3:39 PM
  • Jill R. Dorson, SportsHandle

Despite the recent period of high inflation, a global market report from payment processing company PaySafe states it’s had little effect to diminish spending on sports betting and in-game purchases.

The market research, titled “Lost in Transaction 2023: The Disposable Income Report — How Consumers are Changing Their Discretionary Spending,” found that 49% of those surveyed believe that their financial situation will get better in 2024. Millennials and Generation Z were particularly enthusiastic about the potential for improvement.

For the report, Sapio Research surveyed 14,525 adults across Europe, North America, and South America in October on behalf of PaySafe.