Wild $40,000 Sports Parlay Pays Out $1.5M Profit After Travis Kelce Loses To Big Brother Jason In Monday Night Football
Portfolio Pulse from Chris Katje
A bettor won a $1.5 million profit from a $40,000 13-leg parlay bet after the Philadelphia Eagles defeated the Kansas City Chiefs in Monday Night Football. The game was aired on ESPN, a Walt Disney Company unit. The bettor placed the bet with DraftKings Inc and hedged with a $500,000 wager on the Chiefs. The Eagles' win was significant as it was the first victory for Jason Kelce over his brother Travis in their matchups.
November 21, 2023 | 5:49 pm
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NEUTRAL IMPACT
The Walt Disney Company's ESPN aired the Monday Night Football game featuring the Eagles' win over the Chiefs, which was part of a successful parlay bet.
While the game airing on ESPN contributes to Disney's sports broadcasting profile, the outcome of a single game and related betting activity is unlikely to have a significant short-term impact on Disney's stock price.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
DraftKings Inc was the platform used by the bettor to place the successful 13-leg parlay bet, resulting in a $1.5 million profit.
The news showcases DraftKings' platform facilitating a large parlay win, which could positively influence its reputation among bettors. However, individual betting outcomes are generally not material to the company's financials and are unlikely to affect the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70