The largest gambling operators in the United States – Flutter (Fanduel) and Draftkings – announced a reduction in quarterly profit compared to a series of successful bets by customers and the first signs of slow -mindedness in the industry. Both companies looked at their annual financial forecasts regarding the reduction.
According to the Financial Times, a bill of dollars to 6.4 billion dollars decreased against this background project. USA, and expectations from EBITDA (profit for calculating interest expenses, taxes and depreciation) decreased by $ 100 million. USA for 100 million US dollars. The American market for 180 million dollars is up to $ 1.13 billion.
The main blow to the margin fell at the March tournament NCAA MARCH MADNESS. According to the General Director of Flutter Peter Jackson, it was a “historical” event: in the rounds of Sweet 16 and Elite 8, all the favorites that occurred only for the second time in the history of the tournament won. This significantly reduced the income of bookmakers after the February Superboul, on the contrary, played them in his hand.
Since the legalization of sports bets in 2018, the US market has demonstrated rapid growth, reaching $ 14 billion in 2023, the US Games Association reported. Fanduel and Draftkings have long been leading, but in the last quarters they began to lose the market share. According to Barclays, Flutter fell from 62% in the first quarter of 2023 to 48% in the first quarter of 2024, and Draftkings from 39% to 31%.
Analysts say that competitors, such as BetmgM, Bet365 and fanatics, actively reduce the lag due to capital and aggressive marketing strategy. In addition, investors begin to pay more attention not to the growth of income, but the instability of marginality in the segment of sports bets.
OBOZ.UA also said that March 2025 became historical for online casino in the United States: the total gross income in the seven states where the casino digital platforms were legalized, reached $ 905.6 million. USA. This is 26.2% more than in the same period of last year.
Source: Obozrevatel
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