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New York sports betting market hits six-month mark with competition still rolling in

Jul. 11, 2022 2:06 PM ETBally's Corporation (BALY)MGM, CZR, GMVHF, PDYPY, DKNG, PBTHF, RSIBy: Clark Schultz, SA News Editor7 Comments

New York sports betting market hits six-month anniversary with some investors questioning if all the new competitors will make it amid the high tax rate in the state and more pressure on consumers with discretionary spending.

Man watches soccer game and bets in his living room


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Comments (7)

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www.youtube.com/... I talk about draft kings here if you guys want to check it out. Lately nobody is really talking about it and I see it as best investment in this environment and should have amazing quarters going forward.
Yorick profile picture
So Maxwell in Australia offers to buy the company for $175M or 1/3rd current market cap unless I am mixing up my currencies which is significant as the Aussie $ is only 67% of the US $. regardless it was for less than the current valuation...all these companies seem to have a real issue with customer acquisition costs/marketing costs and desperately need consolidation down to 4 or so national players. Now that Macau seems permanently damaged, seems that Wynn or Lvs better get moving
What is difference between handle and market share?
@mendo Handle is the total amount of money wagered. Market share is each operator's handle as a percentage of the total handle.

In the above article's context, when they're talking about FanDuel and DraftKings, handle and market share are being used interchangeably.
ProfessorSmatt profile picture
DraftKings is the best one I’ve seen so far! They can possibly get bought out if the price is right. It’s definitely worth $60-100+
rowenco profile picture
In my opinion it's really probably worth $6 - 10 a share. You're using too many zeros.
DraftsKings reminds me a lot of PLTR. Has never made a penny in profit, and corporate exec's grant themselves millions of free shares and options every 3 months which means there will probably always be constant and permanent dilution.
And look where PLTR is at......
@ProfessorSmatt ain’t that cute Prof!!!

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