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Stock impact report

Place Your Bet: Who Will Win The Competition For Sports Betting Dollars [Forbes]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Forbes
Photo by: STRF/STAR MAX/IPx 2021 3/18/21 Draftkings plans for $1 billion in convertible debt... [+]offering. STAR MAX Photo: Draftkings posters photographed at the Hoboken train station in Hoboken, New Jersey.Disney/ESPN, Caesars, Fox, DraftKings, FanDuel, State Governments and their Lotteries are all getting into this space. Since a Supreme Court decision in 2018 (Murphy v. NCAANo surprise that Nevada comes in as the leader in gambling revenue, followed by New Jersey, Pennsylvania and Illinois. All told there were $35 billion placed on US sports bets in 2020, generating $1 billion in revenue to sportsbooks, and those numbers are estimated to grow six fold in the next three years.Given these facts, the ensuring battle over these dollars has become a “land grab”, including in New York and Connecticut where significant entry is about to come into the fold. The question becomes, what are the key competitive attributes that will determine who come to be the leaders in these markets.Access Show less Read more
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