{"id":988,"date":"2023-09-07T18:11:36","date_gmt":"2023-09-07T15:11:36","guid":{"rendered":"https:\/\/xxbet-company.com\/nfl-season-could-stoke-upside-for-betting-stocks-albeit-temporary\/"},"modified":"2023-09-07T18:11:36","modified_gmt":"2023-09-07T15:11:36","slug":"nfl-season-could-stoke-upside-for-betting-stocks-albeit-temporary","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/nb\/nfl-season-could-stoke-upside-for-betting-stocks-albeit-temporary\/","title":{"rendered":"NFL Season Could Stoke Upside for Betting Stocks, Albeit Temporary"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Innholdsfortegnelse<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/nb\/nfl-season-could-stoke-upside-for-betting-stocks-albeit-temporary\/#Among_Betting_Stocks_Flutter_DraftKings_Could_Lead\" title=\"Among Betting Stocks, Flutter, DraftKings Could Lead\">Among Betting Stocks, Flutter, DraftKings Could Lead<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/nb\/nfl-season-could-stoke-upside-for-betting-stocks-albeit-temporary\/#Other_Analyst_Takes_on_Betting_Stocks\" title=\"Other Analyst Takes on Betting Stocks\">Other Analyst Takes on Betting Stocks<\/a><\/li><\/ul><\/nav><\/div>\n<p>The 2023 NFL campaign commences Thursday when the Detroit Lions travel to Kansas City to take on the defending Super Bowl champion Chiefs. That coupled with college football entering its second full week of action could mark the start of some favorable seasonality for select betting stocks.<\/p>\n<figure aria-describedby=\"caption-attachment-251111\" data-style=\"width: 858px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" fetchpriority=\"high\" class=\"size-post-thumbnail-858xAUTO wp-image-251111\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/bull-858x572.jpg\" alt=\"betting stocks\" width=\"858\" height=\"572\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/bull-858x572.jpg 858w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/bull-430x287.jpg 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/bull-302x200.jpg 302w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/bull-238x158.jpg 238w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/bull-194x128.jpg 194w\" sizes=\"(max-width: 858px) 100vw, 858px\" title=\"\"><figcaption class=\"text-description\">The famous charging bull on Wall Street. Some betting stocks could benefit from the start of the 2023 NFL season. (Image: <em>Reuters<\/em>)<\/figcaption><\/figure>\n<p>FanDuel parent <a href=\"https:\/\/www.casino.org\/news\/flutter-says-fanduel-profitable-in-1h-on-track-for-us-listing\/\" rel=\"nofollow noopener\" target=\"_blank\">Flutter Entertainment (OTC: PDYPY)<\/a> and DraftKings (NASDAQ: DKNG) \u2014 the two largest online sportsbook operators in the US \u2013 are chief among them. Football is the most wagered on sports in the US, indicating that there can be tangible seasonal benefits for betting stocks, but some analysts say those perks can be fleeting.<\/p>\n<blockquote class=\"main-blockquote\">\n<p><strong>Online gaming stocks have a history of rallying into and on the start of NFL Season, though less so after,\u201d<\/strong> according to a recent report by Bank of America.<\/p>\n<\/blockquote>\n<p>On the other hand, it\u2019s possible that any NFL-fueled gains accrued by sports wagering equities could prove stickier than expected because the third and fourth quarters are chock full of sports activity. For example, the NBA and NHL seasons start next month, with college basketball following in November.<\/p>\n<p><strong>Additionally, sportsbook operators will benefit from Kentucky joining the live and legal mobile sports betting party this year<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Among_Betting_Stocks_Flutter_DraftKings_Could_Lead\"><\/span>Among Betting Stocks, Flutter, DraftKings Could Lead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In what could prove to be good news for FanDuel, DraftKings and their peers, a recent survey by investment bank Jefferies indicated that 44% of those polled had placed a sports bet over the prior 12 months, up from 37% in January.<\/p>\n<p>Specific to FanDuel <a href=\"https:\/\/www.casino.org\/news\/draftkings-stock-could-bounce-back-following-august-slide\/\" rel=\"nofollow noopener\" target=\"_blank\">and DraftKings<\/a>, which combine for roughly three-quarters of US online sports betting market share, there\u2019s good news in the survey in the form of bettors\u2019 devotion to their established relationships with sportsbook operators.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>Respondents continued to demonstrate loyalty, as 89% of respondents indicated they are likely\/very likely to continue betting with their current accounts, versus 83% in January\u201d observed Jefferies. \u201cIt is also worth noting that bettors are more likely to keep more than one sportsbook account with 33% of the respondents indicating intent to maintain just one account (40% prior) and 39% intend to have two (37% prior), while those intending to keep three accounts grew to 20% from 15% in the last survey.\u201d<\/p>\n<\/blockquote>\n<p>The bank noted DraftKings and Flutter as its top two ideas. Dublin-based Flutter is <a href=\"https:\/\/www.casino.org\/news\/flutter-us-listing-plan-overwhelmingly-approved-by-investors\/\" rel=\"nofollow noopener\" target=\"_blank\">expected to list its shares in New York<\/a> prior to the end of this year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Analyst_Takes_on_Betting_Stocks\"><\/span>Other Analyst Takes on Betting Stocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Needham analyst Bernie McTernan is bullish on DraftKings and sports wagering data provider Genius Sports (NYSE: GENI). The analyst noted DraftKings\u2019 upcoming investor day could be a catalyst for the shares as the company could take the opportunity to highlight its efforts to grow will maintaining a focus on profitability.<\/p>\n<p><strong>As for Genius, some analysts believe the stock could benefit from bettors\u2019 increasing preference for <a href=\"https:\/\/www.casino.org\/news\/pointsbet-boosts-in-game-exposure-with-banach-purchase\/\" rel=\"nofollow noopener\" target=\"_blank\">in-game or live wagers<\/a> over pregame investments.<\/strong><\/p>\n<p>The company counts sportsbook operators and several major sports leagues, including the NFL, among its clients.<\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/some-betting-stocks-could-perk-up-with-start-of-nfl-season\/\" target=\"_blank\">NFL Season Could Stoke Upside for Betting Stocks, Albeit Temporary<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The 2023 NFL campaign commences Thursday when the Detroit Lions travel to Kansas City to take on the defending Super Bowl champion Chiefs. That coupled with college football entering its second full week of action could mark the start of some favorable seasonality for select betting stocks. The famous charging bull on Wall Street. Some <a href=\"https:\/\/xxbet-company.com\/nb\/nfl-season-could-stoke-upside-for-betting-stocks-albeit-temporary\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/988"}],"collection":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/comments?post=988"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media\/989"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media?parent=988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/categories?post=988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/tags?post=988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}