As Disney, Fanatics threats emerge, FanDuel CEOs says online sports betting isn't for the 'faint of heart'
Publishing timestamp: 2023-11-03 08:06:37
Summary
The article discusses the growth of the online sports gambling industry in the U.S. since the Supreme Court allowed states to legalize it five years ago. FanDuel CEO Amy Howe expects the company to become profitable on an EBITDA basis for the full year, making it the first U.S. operator to reach that milestone. The article also mentions the increasing amount of money wagered at legal gambling outlets and the competition in the sports betting market from companies like Disney and Fanatics. Howe emphasizes the importance of having a superior product experience and scale in order to succeed in the industry.
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