DraftKings and FanDuel parent Flutter Entertainment presented at the Jefferies Nantucket Consumer Conference on 17-18 June, and, according to Jefferies analyst David Katz, the companies “highlighted early progress on predictions, alongside a focus on market making, which we view as widening the range of outcomes. ”
World Cup play also was buoying the sports betting giants, leading to customer acquisitions in North America and Latin America. Another company seeing Latin American momentum was Rush Street Interactive, “with the outcome of the upcoming Colombian election ranging from flat to modest positive. ” Rush Street also was looking toward potential igaming expansion in the United States, highlighting Virginia, New York State, Illinois and Maryland as possible targets of opportunity.
