Jefferies Equity Research analyst David Katz perceived “strengthening trends around in-play betting,” or proposition bets, which called a positive for DraftKings in particular. He expressed this view in a 9 September investor note.
Also benefiting from a prop-bet surge, Katz continued, would be infrastructure provider Sportradar. Not to be forgotten, DraftKings’ arch rival, Flutter Entertainment – corporate parent of FanDuel – would enjoy a lift from the continuing popularity of parlay wagers.
In-play wagers were surging with bettors, Katz found, noting a 10% sequential increase in player interest since the first quarter. Meanwhile, 54% of punters surveyed had placed single-game parlay bets while 43% had tried multi-game parlays.
