DraftKings shares are trading lower after Flutter CEO Peter Jackson said Flutter will not match the player surcharge in select states. The policy could encourage bettors to use Flutter instead of DraftKings, impacting market share among the two leading U.S. sportsbooks.
Portfolio Pulse from Benzinga Newsdesk
DraftKings shares are trading lower after Flutter CEO Peter Jackson announced that Flutter will not match the player surcharge in select states. This policy could encourage bettors to use Flutter instead of DraftKings, impacting market share among the two leading U.S. sportsbooks.
August 13, 2024 | 8:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
DraftKings shares are trading lower after Flutter CEO Peter Jackson announced that Flutter will not match the player surcharge in select states. This policy could encourage bettors to use Flutter instead of DraftKings, impacting market share among the two leading U.S. sportsbooks.
Flutter's decision not to match the player surcharge in select states could make it a more attractive option for bettors, potentially reducing DraftKings' market share and negatively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100