I'm sure that they have statistics to back up their target demographic, but I would probably apply a geographic layer onto those numbers and see where that leaves 'em.
I just did a quick run through of my office (Minneapolis/St Paul snowboard, etc. online retailer): asking who has heard of it or uses it. Of the 30 or so I asked, 1 person has it on his phone and he says he never uses it.
I _did_ have a conversation where I was told 'I usually pick it up then they get me back later' which a few people in earshot agreed with.
Maybe there needs to be an app to track who owes you drinks?
http://www.businessinsider.com/venmo-splitting-a-group-check...