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Truist forecasts 14% growth in US online casino and sports betting revenue

Business

Truist forecasts combined US online casino and sports betting revenue will grow 14% in 2026. Analyst Barry Jonas reported that 2025 online casino revenue rose 27%, excluding Rhode Island, while sports betting revenue increased 18%; he selected DraftKings as his preferred digital stock for 2026 and lowered his price targets for Flutter and MGM Resorts.

The forecast and revised analyst views may inform investor assessments of US gaming companies and market growth.

End-of-day close DraftKings (DKNG), USD, to 27 February 2026
Story date1 December 202527 February 2026

Related company prices

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

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

MGM Resorts NYSE: MGM

Quarter ended 30 September 2026

Revenue
USD 4.21bn10-Q filing 0000789570-26-000107
Operating income
USD 118.7m10-Q filing 0000789570-26-000107

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Truist analyst cuts DraftKings, Flutter and Caesars betting targets

Truist analyst Barry Jonas lowered price targets for DraftKings, Flutter and Caesars ahead of their Q3 earnings, citing weaker expected sports betting results, particularly NFL outcomes in September. He maintained buy ratings on DraftKings and Flutter and forecast lower EBITDA for the companies; Jonas said his estimates did not account for an impact from prediction markets.

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