A bettor sitting on a $1.7 million payout if the Thunder win the NBA title is hedging by letting in outside investors [Business Insider]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Business Insider
The original $100 bet was a parlay ticket that also included championships for the Texas Rangers and Kansas City Chiefs, both of which have happened. Wayne Shelton is looking to hedge this high-risk bet by offering investors exposure on the secondary market. A sports bettor named Wayne Shelton placed a wild parlay wager in May 2023 that is on the verge of paying out if the Oklahoma City Thunder win the NBA Finals in June, according to ESPN The parlay ticket was purchased via DraftKings and cost Shelton just $100. Now he stands to win $1.7 million, representing a potential return of 1,690,900% if the bet pans out. For the ticket to pay out the $1.7 million, the Texas Rangers had to win the MLB World Series (check), the Kansas City Chiefs had to win the NFL Super Bowl (also check). The final piece is an NBA title for the Thunder. "I never bet that high on a future, especially a lottery ticket like this one. They gave me a high max and I just said, 'You know what? This one tim
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News
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- Vasiliy Lomachenko vs George Kambosos Jr. live updates: How to watch, stream fight, predictions [USA TODAY]USA TODAY
DKNG
Earnings
- 5/2/24 - Beat
DKNG
Sec Filings
- 5/17/24 - Form 8-K
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- DKNG's page on the SEC website