How to Hack a $1.3T Market

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Latest NFL season highlights financial risks for sports betting companies when so many favorites win

DAMIAN J. TROISE
January 10, 2025

NEW YORK (AP) -- It's been a tough football season for sports books.

FanDuel and its key rival DraftKings have both showed investors that the house can indeed lose, or at least lose more than anticipated.

Flutter Entertainment, which operates FanDuel and dominates the sports betting industry with a market value of $45 billion, said the latest NFL season has been "the most customer-friendly" with the highest rate of favorites winning in 20 years. Altogether, the bigger payouts to bettors cut an estimated $390 million from the company's revenue from most of November to the end of December.

Rival DraftKings made similar comments in November about more payouts to bettors. The companies now face a busy weekend of playoffs for the NFL, which dominates viewership in the U.S. and sports betting.

The favorites for this weekend's playoff games are the Los Angeles Chargers, Baltimore Ravens, Minnesota Vikings, Philadelphia Eagles and the Buffalo Bills, according to BetMGM. The Chargers are the lone road team to be favored. The Vikings were originally scheduled to play the Rams in Los Angeles, but the game has been relocated to a neutral site due to the wildfires in the LA area.

"It's a business that has some short-term volatility to it, depending on the sports outcomes, but investors have grown increasingly aware that comes with the business," said Robert Fishman, senior analyst at equity research firm MoffettNathanson.

Commercial sports betting revenue in the U.S. surged 27% to just under $11.1 billion through October in 2024, compared with the same 10-month period in 2023, according to the American Gaming Association.

The organization had previously forecast that American adults would bet $35 billion with legal sports books throughout the National Football League's current season. That would make it the "most legally wagered-on season" in the seven seasons that the NFL has had legal betting. It doesn't have any projections for NFL playoffs specifically, but expects wagers on U.S. sports for all of January to exceed the $13.9 billion registered a year ago.

Flutter and DraftKings have been growing steadily in size and are becoming more firmly established in the viewing experience for sports fans. That's a sharp reversal from less than a decade ago, when sports betting was relegated to official sports books in Las Vegas and in more shadowy betting markets.

A 2018 decision from the U.S. Supreme Court struck down a federal law prohibiting sports gambling. Now, 38 states and Washington D.C. allow online sports books, according to the American Gaming Association. Both Flutter's FanDuel and DraftKings count the NFL among their biggest partnerships. Other partnerships include Major League Baseball.

"Sports betting continues to be increasingly adopted as legalization rolls out across the country and awareness continues to grow," Fishman said.

Partnerships and broader demand for growth have prompted sports books to invest more in creating a more comfortable integration of sports gambling within sports.

Sales and marketing make up the biggest expense for Flutter, growing 25% to just under $3.8 billion in 2023. The company has a large international footprint and revenue rose 24.6% to just under $11.8 billion in 2023.

DraftKings, which is more focused on the U.S. market, has also been increasing sales and marketing spending, though at a slower rate. It rose 1.2% to $1.2 billion in 2023, while revenue jumped 63.6% to just under $3.7 billion.

Sports leagues, and the companies that hold contracts for broadcast rights to the games, benefit from increased advertising from companies like DraftKings and Flutter. They can also potentially benefit from higher viewership as bettors may be more likely to watch the games if they have made wagers on them.

Continue Reading...

Popular

Major Rollout of Social Security X? - Ad

Before leaving D.C., Elon Musk may have greenlit "Social Security X"-a digital overhaul backed by Trump. Set to launch as soon as July 23, this shift could impact 72M Americans-and send 3 tiny tech stocks soaring.

Tesla Cybertruck Bet Not Paying Off? Ford, GM Outsell EV Giant

Elon Musk's dream of having a top-selling electric pickup may be a thing of the past as the Cybertruck continues to see declining demand.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the July 1st funding window closes.

Semiconductor Stocks React To Key Policies And Earnings

Semiconductor chip companies, including Nvidia, AMD, Broadcom, Marvell Tech, and Super Micro had a volatile week due to trade policies and earnings.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

In South Memphis, I uncovered what could be Elon Musk's biggest invention yet. It's so secretive, rivals are flying drones to spy on it. If you're serious about investing in AI, now's the time to see what's really going on inside those walls.

Cathie Wood Doubles Down On Tesla Amid Elon Musk's Feud With Trump, Sells $3 Million Worth Of Coinbase Stock

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. and Coinbase Global Inc. . These trades reflect Ark’s strategic positioning amid ongoing market developments.

Trump Says Coca Cola Has Agreed To Use Real Cane Sugar In Their US Sodas: 'It's Just Better'

Trump says he's convinced Coca-Cola to use real cane sugar in its U.S. products after discussing with them. It comes amid health concerns of chemicals in products.

Tariff-Driven Cash Payouts, Right Off Your Smart Phone? - Ad

The U.S. Treasury has raked in $15B from Trump's tariffs - and now, thanks to Title 15, you could pocket $100-$1,000 upfront payouts yourself. No stocks needed. Just use your phone and my #1 income strategy to start collecting now.

Circle CEO: Stablecoins Are Going Mainstream — Fast

Jeremy Allaire, CEO of Circle Internet Group, Inc. (NYSE:CRCL), is offering a compelling vision for the future of digital finance and the role of stablecoins in the global economy.

Funders commit $1B toward developing AI tools for frontline workers

A coalition of funders, including the and Ballmer Group, will spend $1 billion over 15 years to help develop tools for public defenders, parole officers, social workers and others who help Americans in precarious situations.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Do as I say, not as I do: On my failings as an investor

If a knowledgeable observer trained his or her sights on my choices, what are the trouble spots they would identify? Here are some of the biggies.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

After years of tough rules on liquids and footwear, US air travel may be on the cusp of a new era

NEW YORK (AP) — When limits on liquids were introduced at TSA checkpoints across the country in 2006, bins overflowed with bottled water, toothpaste, shaving cream and so much more. Nearly two decades later, travelers are much more accustomed to the “3-1-1” regulations" governing the size of the liquids they're flying with, but scenes of passengers guzzling a beverage before putting their bags through the screening machines are still common.

Whitmer says 'massive economic uncertainty' is to blame on semiconductor project failure in Michigan

LANSING, Mich. (AP) — Plans to build a semiconductor manufacturing plant in Michigan have fallen through and Democratic Gov. Gretchen Whitmer said Wednesday that “massive economic uncertainty” is to blame.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

South Korea's top court upholds acquittal of Samsung's Lee over contentious 2015 merger

SEOUL, South Korea (AP) — South Korea’s top court Thursday upheld the acquittal of Samsung Electronics Chairman Lee Jae-yong on financial , ending years of legal disputes over the 2015 merger between Samsung affiliates that solidified his control over the company.

BitMine Stock Is Trading Higher Wednesday: What's Going On?

BitMine Immersion Technologies, Inc. (AMEX:BMNR) shares are trading higher Wednesday after a Schedule 13G filing revealed that FF Consumer Growth, a firm linked to billionaire investor Peter Thiel, has taken a stake in the company.

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Cathie Wood's Ethereum Double-Down: Ark Bets $7.9 Million On ETH-Staking ETF Buy While Selling Coinbase At Highs

On Wednesday, Cathie Wood-led Ark Invest executed significant trades, including substantial purchases in Tempus AI Inc. (NASDAQ:TEM), NVIDIA Corp. (NASDAQ:NVDA), 3iQ Ether Stakin

Trump's bid to claw back $9B in foreign aid and public broadcasting funds nears Senate vote

WASHINGTON (AP) — President Donald Trump's request to cancel about $9 billion in foreign aid and public broadcasting spending is nearing passage in the Senate, an action that would have a tiny impact on the nation's rising debt but could have major ramifications for future spending fights in Congress.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

US Credit Card Debt Hits $1.18 Trillion As Americans Downplay What They Owe

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments.

Major Rollout of Social Security X? - Ad

Before leaving D.C., Elon Musk may have greenlit "Social Security X"-a digital overhaul backed by Trump. Set to launch as soon as July 23, this shift could impact 72M Americans-and send 3 tiny tech stocks soaring.

Elon Musk Changed His Number, Became Unreachable After Trump Feud, Reveals Speaker Mike Johnson: 'I Sent Him A Long Text Message, And Then...'

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has reportedly changed his phone number following a fued with President Donald Trump and disagreement with Speaker Mike Johnson over the Republican's tax-and-spending bill.

OpenAI's Sam Altman Hints At Compensation Evaluation Amid Meta's 'Distasteful' AI Talent Poaching Spree: Report

OpenAI CEO Sam Altman in a message to OpenAI researchers, reportedly emphasized the importance of staying with OpenAI and hinted at possible compensation evaluations.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the July 1st funding window closes.

What To Expect From Taiwan Semiconductor Q2 Performance?

Taiwan Semiconductor expects 52% profit jump in Q2 2025 due to high AI demand, but faces pressure from US tariffs and strong currency. TSM stock up 2.96%.

U.S. employers likely added 115,000 jobs last month as labor market continues to cool

The steady slowdown in U.S. hiring likely continued in June as President Donald Trump’s trade wars, federal hiring freeze and immigration crackdown weighed on the American job market.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

In South Memphis, I uncovered what could be Elon Musk's biggest invention yet. It's so secretive, rivals are flying drones to spy on it. If you're serious about investing in AI, now's the time to see what's really going on inside those walls.

Rough times for broadcast networks illustrate changing media landscape

NEW YORK (AP) — Two milestones revealed this week illustrate the diminishing power of broadcast television in the media world — one fueled by the habits of young people and the other by their elders.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service