Reported 20 days ago
DraftKings and FanDuel are set to release their Q3 earnings but face difficulties stemming from a disappointing NFL season, where bettors have won more than expected, affecting the operators' revenues. Analyst Jordan Bender highlights concerns over the financial implications for these companies and the potential impact on their performance in the fourth quarter and 2025. Despite the current challenges, he remains positive about the long-term prospects of the sports betting sector.
Source: YAHOO