Retraction Est. $243-250[Flut]
End of Retraction Est. Jan 10-17th, 2025 |
Champions league upsets galore vis a vis new league format |
England football 11 weeks in a row in the books favour |
Michigan sports Nov 15m up from 3m YoY |
Michigan igaming 50m & 51m up from 33m & 39m and represent the 2nd & 3rd highest in FD Michigan history |
NJ igaming up 35pc & 30pc in Oct & Nov and are the highest months in FD history for any State |
Clueless One week in NY represents 1/1000th of Flutters profits for the QHow about igaming for Oct & Nov, England football for 10 weeks, Italy, Brazil, Oz racing etc etc etc etcEither widen your research or quit posting ludicrous statements based on titbits. If you want NFL to be the only story join DKA little knowledge is a dangerous thing |
NB week ending 15th Dec is not going to be good at all and December’s performance as a whole is likely (imho) to lead to an Q4 Earnings miss (bar an exceptionally strong 2nd half of the month)
New York state week ending 8th Dec
DK $165m handle $12.8m hold (7.8%)
FD $213.1m handle $16.7m hold (7.8%)
Sub par week in my opinion but not a disaster. The strong trend on Fanatics handle finally broken. |
Useful insight from EKG Line (respected source in my opinion). FYI you can subscribe for free and no I am not connected in any way.
“Fanatics̵7; recent growth spike reflects the brand’s focus on getting OSB product right or ish before opening the marketing valve. We don’t think that spike is just product and marketing, however, with checks suggesting Fanatics is getting better at day-to-day execution—retaining the right customers, for example. Online casino, meanwhile, remains a work in progress.
A tiny dip (in Q3GGR) for FanDuel suggests its OSB moat is not as considerable as it once was, and competitors are catching up in key areas (e.g. SGP) where FanDuel was first-moving, best-in-class, or both. That said, FanDuel’s once-middling online casino operation has vastly improved, with the brand likely having nicked a not-insignificant slice of BetMGM’s online slots business, per our research and estimates” |
Talking shop = irrelevant & toothlessWhat about NY 1/12? |
The federal Senate Judiciary Committee has announced that it will hold a hearing on sports betting on Tuesday, Dec. 17.
The exact details of what will be discussed at the hearing, which is titled “America’;s High Stakes on Legalized Sports Gambling,” have not been specified. However, the fact that this session has been scheduled Senate’s final week before it breaks for winter recess suggests that sports betting has climbed up the agenda for federal lawmakers. |
Maryland highest ever rake Nov FD 14.4pc hold @ 40m & encouraging for all 30 others yet to declare DK 12pc @ 24mBetMGM 12pc @ 6mSeparately BetWay owner issued increased guidance after a strong Oct & Nov & increased divvi |
We must be mindful that the hold in Nov 23 was truly terrible for the books so a YoY comparison was bound to look strong. Plus handle was flat for FD and only marginally up for DK. Q4 looks okay (after reduced expectations already announced) no better than that in my opinion …Hopefully the weak start to Dec will be offset by a strong rest of month/holiday period.
News in US yesterday that 2 senators (1 Democrat/1 republican) are seeking an antitrust probe into Fanduel and DraftKings. Our share price in UK took a hit before close but recovered most ground on NYSE before their close. I doubt it will come to anything but you never know with Mr T at the helm. |
That's very impressive and puts Oct+Nov '24 on top of '23. 180m vs 152.4. |
FD November 103m up from 69m 2023 |
Re Fanatics 1 good week is not a trend. Fanatics total for previous 5 weeks is less than FD lowest single week in last 5FD handle was 40m up on last year they simply had a slightly less lucky week |
Re NY not ideal agreed. The one major issue with gridiron is they do not have draws like football so 2 options not 3. This makes it a LOT easier to pick singles doubles trebles etc etc that harm the books. Turkey day gives 3 single games and not the 6 game Sundays where s single loser can get the book out of jailHaving said that the hold was the first in 6 under 22m whereas DK all 6 under 20m And it was a weak hold but still ahead of last year do now 6 weeks on the bounce ahead of last year. |
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