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Analyst says US sportsbooks are competing more aggressively on betting prices

Business

Truist Securities analyst Barry Jonas said sportsbook pricing had become a more active area of competition, according to an investor note. He said FanDuel and DraftKings remained industry pace-setters, while BetMGM and Fanatics were becoming more aggressive; his analysis also cited Caesars’ weaker relative odds in 2024.

Pricing competition can affect operators’ customer appeal, handle share and profitability trade-offs.

End-of-day close Caesars Entertainment (CZR), USD, to 28 August 2024
Story date30 May 202428 August 2024

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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