Sportsbooks eye record haul for March Madness betting [Seeking Alpha]
Rush Street Interactive, Inc. Class A (RSI)
Company Research
Source: Seeking Alpha
A total of 136 teams will play 134 games over the period well-known as March Madness. For sportsbooks, the NCAA tournament is collectively much bigger than the Super Bowl. The American Gaming Association estimated that $2.72B could be wagered legally on this year's NCAA men's and women's basketball tournaments. The AGA analysis was based on recent trends and monthly sports betting revenue reports released by states. The estimate only includes U.S. sportsbooks. The increase in popularity for parlays and in-game betting is anticipated to boost hold rates for sportsbooks this year on top of the extra volume of raw bets. Another new development with college basketball in 2024 is the increasing betting handle on women's regular season games. Sportsbooks DraftKings ( NASDAQ: DKNG ), FanDuel ( FLUT ), BetMGM ( MGM ), and Tipico all reported significant year-over-year growth in betting handles for women's NCAA games this season amid high interest in South Carolina's undefeated season, med
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News
- Rush Street Interactive, Inc.'s (NYSE:RSI) Intrinsic Value Is Potentially 50% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- A Look Back at Gaming Solutions Stocks' Q4 Earnings: Churchill Downs (NASDAQ:CHDN) Vs The Rest Of The Pack [Yahoo! Finance]Yahoo! Finance
- Rush Street Interactive, Inc. (NYSE: RSI) was upgraded by analysts at Craig Hallum from a "hold" rating to a "buy" rating. They now have a $8.00 price target on the stock, up previously from $7.00.MarketBeat
- Q4 Gaming Solutions Earnings: Rush Street Interactive (NYSE:RSI) Impresses [Yahoo! Finance]Yahoo! Finance
- Broadcast Legend Mike Francesa Renews Exclusive Partnership With BetRivers [Yahoo! Finance]Yahoo! Finance
RSI
Earnings
- 3/6/24 - Beat
RSI
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- 4/19/24 - Form 4
- RSI's page on the SEC website