NFL season expected to spur record $35 billion in legal sports wagers
Publishing timestamp: 2024-09-03 12:22:58
Summary
American Gaming Association expects $35 billion to be legally wagered this NFL season, marking over 30% growth from last year. Despite the growth in sports betting, stocks in gambling companies are not following the same trajectory. Companies like FanDuel and DraftKings are working on strategies to attract new customers and retain existing ones. Fanatics Sportsbook, a newcomer to the industry, is leveraging its existing database of sports fans for customer acquisition. Penn Entertainment is optimistic about its media integration with ESPN Bet. BetMGM has launched a single wallet for mobile play in Nevada.
Sentiment: MIXED
Tickers: CZR, RSI, ENT-GB, FLTR-GB, CHDN, WMPN, MGM, PENN, DKNG, FLUT, DIS,
Keywords: united states, walt disney co, retail industry, business news, rush street interactive inc, caesars entertainment inc, entain plc, mgm resorts international, sports, washington, penn entertainment inc, flutter entertainment plc, william penn bancorp inc, draftkings inc, business, churchill downs inc,
Source: https://www.cnbc.com/2024/09/03/nfl-season-expected-sports-betting-projections.html