- 9 лет ago
- Published в: Irish open golf 2022 betting
- 2
- Автор: Sarisar
I was looking at sort of what other people have said about what it's going to cost DraftKings to, say, open up in California. So I think they have a fair amount of money. They want to build their own, right? Well, of course, it's a lowering tide across the board. So everyone's valuation is going down. But I guess, I'm wondering, did they-- is this going to be a good sale in terms of profit for Michael?
Because you've seen a lot of other sports team sales as well. Is there actually price appreciation in the value of the teams right now? Or is he selling into a falling market? That's a billion dollar franchise now. And I don't know-- we don't have details on exactly what he sold for and who he sold to, right? Because that's the other question, is, who's buying that part of the stake? But definitely, he made some money off that deal.
And now he's betting on it with sports betting. And that's a popular bet right now. I don't know if he'll make profit off that, though. William Hill, which operates more sportsbooks than any other company in the country thanks to its locations in Nevada, has been aggressive in New Jersey since May, when the Supreme Court allowed states to make their own decisions regarding sports betting after ruling that parts of the Professional and Amateur Sports Protection Act of were unconstitutional.
The company became the first operator of a sportsbook in the state when it opened at Monmouth Park racetrack on June But competition is fierce within the state, which is projected to surpass Nevada in sports gambling handle and revenue. Daily fantasy sites DraftKings and FanDuel, armed with a healthy database, were among the first to launch apps on which fans could bet as long as it was done within state lines.
FanDuel followed up with its first sportsbook at the Meadowlands, on the grounds where the New York Jets and Giants play, that opened a month after William Hill's racetrack location debuted. A think a lot of companies in the space feel the need to push hard in the state as a testing ground to prove they can be everywhere.
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