Sports Betting-Inside the Numbers: Operators Mid-Term

 

After seeing the reports that Penn Entertainment had a round of layoff wirh members of their ESPNBet team,I decided to look at the mid year numbers for the top operators. Let's see where everyone is positioned as the NFL returns this fall.  These are the market shares of the top operators.                           DraftKings :38%

  FanDuel 36.5%

   BetMGM:7%

   Caesars:5.9%

   ESPNBet 3.2%

   Rush Street Interactive 3%

Comparing these numbers to the 1st quarter of 2024,DraftKings increased by 2.7%.FanDuel decreased by 1.3%.FanDuel'sDraft market share shifted slightly toward DraftKings and Rush Interactive.BetMGM decreased by.3%despite some impressive partnerships. Caesars decreased .6% and ESPNBet dropped 1.5%.

Let's look at the stock prices to see if investors are still confident over the last month of activity. DraftKings fell -6.07% but close today up 0,26%. FanDuel is down -0.6% over the last 30 days but closed today up 0.6%. Public confidence is unchanged.BetMGM was up 8.80% in the last month and closed yesterday up ,15%. The public opinion of the stock is unwavered. Caesars Entertainment was down 5% 30 days ago but closed yesterday up .82%/.Caesars was down $9 6 months ago and $2 a month ago. While the market share declined, the price is going up.Rush Interactive's stock price was in the low teens 6 months ago but has dropped to just under $10 yesterday. The shift in market share did not translate to increasing the stock value. Penn Entertainment and ESPNBet are not trending in the anticipated direction. A stock price that was high as $25 a year ago is now at $18.52 and down .27% yesterday. 

The Outlook: Expect the two market leaders to jockey for the top position as the NFL and NCAA Football returns in September. BetMGM's partnership with Twitter and the expansion of their sports betting service in Washington, D.C.,will  help recoup the .3% loss of the 2nd quarter, I see Rush as a possible acquisition based on a fvorable price. ESPNBet has the advantage of starting this football season off at the inception. By not launching until after week 7 in 2023,they acqiured multiple downloads but were not able to grow the market.A correction is imperative or this media and gaming merger will be short lived.

I encourage you to practice smart responsible gaming and do your homework as you look to invest in the stock market.

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Christmas Gifts that a Gambler or Gaming Executive would love

With Christmas just a little more than a week away ,the scramble is on to pick out the perfect gift for the gambler or gaming executive in your life. There is a commonality in those two people. Not only do they share the same environment such as a casino, racetrack or sports book  but they are knowledgeable about the world of risk. They like the excitement and the fanfare of participating or watching games. So any of these gifts that I mention now are stocking stuffers.

The 1st is a scratch off or lottery ticket. The chance of a $1.00 ticket turning into a 6 or 7 figure payout is extremely low. But the recipient will feel like a million dollars until the drawing takes place or the result is revealed.

The 2nd is a smart watch from Apple. This serves no many functions other  than telling time. It can track the gaming executive's steps per day and the gambler withdrawals from the ATM. Either of those individuals will call and thank you on that same watch. The cost is approximately 199.00.

The 3rd is a trip to Las Vegas in 2021. No gambler or gaming executive would want to go right now, but if you plan a trip for the beginning of the 3rd quarter, they would take you up on it. A vaccine should be readily available by then. If the tickets and accommodations are booked no, you could get a good rate especially if the trip is planned mid week. Usher begins his Caesars Palace residency on July 16 2021. Tickets start at 150.00. 

Before I share the last two options here is my gift to you.

The 4th is buying a gift card from Draft Kings. This is an sports betting industry first. The recipient would love it if they live in a state that has sports betting. They could use the card to add funds to an already existing account. The account must be with Draft Kings. I am sure other operators will emulate this. The card will be available in $25 and $50 denominations  in convenience stores like Sheetz, 7 Eleven, Dollar General and Speedway. 

The 5th and final gift option is purchasing a stock from a publicly trading casino or gaming company. You may want to look at a sports betting company for the recipient. If you want to start the process you can open an E Trade account or confer with your broker if you already invest on Wall Street. Why not give a gift that gives your friend or family member more? There are several options that I see as definite buy situations. I will expand on that in a future article.

Follow me on Twitter for NBA and NFL conversation. You can see my videos and photos on Instagram. Reach out professional thru Linkedin. My website is smartresponsiblegaming.com I also write articles for Bettors Insider, where you will receive the most comprehensive gaming, casino and sports betting coverage from an outstanding staff of former writers for the Philadelphia Inquirer & Daily News.