Proposition bets are on the rise. That is one of the findings of a Jefferies Equity Research survey of sports bettors, released 11 June.
Writing for Jefferies, analyst David Katz said, “the key take is that in-play appears to be growing [in] popularity, which should be positive for handle growth in general.” It also boded well for DraftKings and Sportradar, the former because it focuses on in-play bets, the latter for its business-to-business ramifications.
Katz also noted a continued interest in parlay wagers. This trended well for FanDuel and parent Flutter Entertainment, which emphasize parlays in their wagering offerings.
