While increasing parlay and prop popularity have put a higher floor on bookmakers' financial results, a bad run of luck won't crush them entirely.While some publicly traded companies worry about things like the unemployment rate, GDP growth, and trade relations with China, online gambling firms have additional andor approximately $35 billion
Those kinds of outcomes are looming over operators again this fall with college football already well underway and another NFL regular season kicking off this Thursday. A lot of wins by favorites and Overs by high-scoring teams could translate into tougher financial sledding for sportsbook operators. But a series of unfavorable outcomes for operators won't crush them entirely.
“In this scenario, increasing contribution profit should lead to higher reinvestment rates, faster payback periods compared to prior years, and positive stock reactions for sports betting-focused companies such as , , , , and PENN.” "While sports results were very customer friendly, particularly on the NFL in November, the underlying momentum in the business remains very strong heading into 2024," Flutter CEO Peter Jackson said in a statement.In addition to the AGA’s estimates, Bender said JMP could see $33 billion wagered during the NFL season, and that"football-only parlays" may account for $10 billion of the handle.