Florida sports betting ballot measure ‘doomed,’ consultant says
The DraftKings and FanDuel-backed Florida Education Champions (FEC) initiative has spent $35 million trying to get its question on the ballot but is running short of time. As of a Tuesday, the FEC petition had reached just over 427,000 verified signatures. It needs 891,589 to not just be submitted but verified by the end of this […]
Read MoreWhy is DraftKings being shorted?
Every Monday, the analyst team at Wells Fargo produces a note on the gaming sector looking at sector valuation comparators and recent share price performance. It’s something of a financial analyst’s nerd paradise, packed as it is with PE ratios, enterprise value to sales metrics, and net leverage forecasts for the major names from the […]
Read MoreWho trades in the U.S.?
As the size of the online sports-betting opportunity has grown in the last three years, so has the wellspring of trading talent in the US. So why is PointsBet making claims otherwise? In comments during a company presentation to the Jefferies Digital Sports Betting and iGaming Summit in New York at the start of the […]
Read MoreCommentary: Comments from DraftKings’ Robins shows pros and cons of profitable players
Jason Robins caused quite a stir last week when he took the opportunity of a fireside chat with analysts to suggest that DraftKings wasn’t interested in players who were “doing this for a profit.” Suffice to say, this didn’t go down well with #GamblingTwitter as poster after poster took to the social media airwaves to […]
Read MoreNY nine get to make it there
The New York nine Winners: DraftKings, FanDuel, BetMGM, Bally Bet, Caesars, Rush Street Interactive, WynnBet, PointsBet, Resorts World Losers: Penn National Gaming/Barstool, Fox Bet, Fanatics Just a New York conversation: The nine winners of the New York bidding process were quick to celebrate their newly-won right to hand over a lot of tax money to […]
Read More