Reported about 15 hours ago
The latest NFL season has proven financially challenging for sports betting companies like FanDuel and DraftKings, as high rates of winning favorites led to increased payouts, resulting in an estimated $390 million drop in revenue for Flutter Entertainment. This season marks a significant rise in legal sports betting, which is expected to reach record highs, with commercial betting revenue in the U.S. growing by 27%. Despite the volatility, the industry continues to expand as more states legalize sports gambling and betting becomes more integrated into the sports viewing experience.
Source: YAHOO