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Sports betting platforms' Q3 results point to momentum as legalization expands

Article by Karen Jacobs  |  Nov 14, 2024
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Sports betting platforms' Q3 results point to momentum as legalization expands
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Sports
United States

The news: Quarterly results from the major sports betting operators show a sector boosted by the NFL and college football season kickoffs and the spread of legalized sports betting to more states.

  • FanDuel reported Q3 revenues of $1.25 billion, up 51% YoY. Shares of parent company Flutter touched an all-time high this week after its results topped analysts’ estimates.
  • Revenues at BetMGM, a partnership between MGM Resorts and Entain Holdings, jumped nearly 20%.

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