DraftKings is revising its fiscal year 2024 revenue guidance due to the impact of customer-friendly sport outcomes early in the fourth quarter of 2024 to a range of $4.85 billion to $4.95 billion from the range of $5.05 billion to $5.25 billion |
Bloodbath for DKNG with misses. Will be negative for FLTR |
Good post : comeback continues24m + 27m compared to 13m + 20m last fortnight 51m Vs 33m last year more than making up for a couple weak weeks |
New York w/e 3rd Nov
DK $183.3m handle $16.9m (9.2%) hold
FD $231m handle $26.9m (11.6%) hold
I quickly scanned all the other sportsbooks who had really poor hold %. Above seems an excellent return for FD in a week when nearly all the favourites obliged.
DK Q3 Earnings Release after close in NY in a few hours. |
Here you can Ctrl-F "amendment 2"
These results are unofficial results. Missouri election law requires the local election authorities to transmit the certified election results to our office no later than the second Tuesday after the election (November 19, 2024). The Secretary of State’s office will convene the board of state canvassers and issue a statement announcing the official results no later than December 10, 2024. |
Do we have to wait until election results are certified? |
Yes… Missouri state data. Share price creeping up in last few minutes to reflect this. Bar a recount or some legal procedure (I have no idea about that potential) it is done.
hxxps://sbcamericas.com/2024/11/06/missouri-voters-legalize-sports-betting/?amp |
Are you sure?
It says here that they're still counting: |
That’s a kind reply LappuLiisa and much appreciated.
It has passed by 7,500 votes ish.
3572 of 3572 Precincts
Reported
YES
1,469,866
50.128%
NO
1,462,380
49.872% Total
Votes:
2,932,246 |
It's clear for me now also that it won't pass. Just too many 45/55 Yes/No votes from rural counties.
St Louis City can't make up for it.
I won't be selling though with Q3 results in a week and possibly share repurchase program getting started. |
You’re correct. It’s extremely tight race |
With respect (and reviewing the data from the different precincts) I don’t agree. The most recently included votes have nearly all been coming from smaller rural precincts who presumably have far smaller staff and less efficient counting processes (the Yes lead has reduced with every update). |
The big no areas are small rural counties. Cities with big Yes-margin have more votes to count and should outpace them |
I have been analysing the areas where the Missouri votes are outstanding (still 28% to be counted) and they are nearly all strong ”no” areas. Am I missing something? This does not appear over to me but hope I am wrong.
Update - lead now wafer thin after “nearly all” votes counted. 50.2 % yes and 49.8% no. |
Missouri 6m pop voted yes to sports gaming last night Big news keeping momentum going |
Missouri vote seems likely to be a “yes”. 70% of the votes in … 52.3% % Yes, 47.7% No. It does occur to me the latest votes counted may be in more rural areas who will be more on the “no” side but that may not be correct. |
With US elections you wanna watch for Missouri ballot measure on sports betting. |
just a very quick excel dive into Q3 YoY numbers, don't quote me on these figures:
Pennsylvania sports rev up 46%, iGaming 55.7%
Michigan revenues up 32%
New york up 31% |
NY w/e 27th Oct
Total Market Handle - $576.1m new weekly record for the state
FD $240.5m handle $23.9m hold (9.9%)
DK $192.5m handle $19.7m hold (10.2%) |
Great call
edit: It's unfortunate to see a $4 drop post-market close. |
Good call Mr Whitehouse on the budget. It did seem to all be based on one article in the Guardian. |
Average volume for the day. Nothing out of the ordinary @ 1.779m
If it behaved like Sept 20th @ 16.32m ... it would certainly raise some eyebrows.
The stock is creeping along the support line at $220-222 [FLUT]- some volitility at this price point is expected |
Up 4 bucks in NY after London closed, has the budget (no) news been leaked & been taken advantage of!? |
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