FanDuel, the largest online sportsbook operator in the US, could achieve an industry first this year: Profitability on an annual basis.
Amy Howe, chief executive officer of the gaming company, commented on that effect in a Friday interview with Bloomberg Television.
We feel very confident about our path to profitability for 2023,” Howe told the financial news network. “Fundamentals of our business are looking very strong so we remain very confident about full-year profitability this year.”
As Howe noted, FanDuel notched the first profitable quarter in the history of the still nascent US sports wagering industry, doing so in the April through June period of 2022. The company, which controls more of the domestic mobile sports betting market than its two next closes rivals combined, previously said 2023 could be the year it’s profitable on an annual basis.
Flutter Entertainment (OTC: PDYPY) owns 95% of FanDuel, with Boyd Gaming (NYSE: BYD) controlling the other 5%.
Amy Howe, chief executive officer of the gaming company, commented on that effect in a Friday interview with Bloomberg Television.
We feel very confident about our path to profitability for 2023,” Howe told the financial news network. “Fundamentals of our business are looking very strong so we remain very confident about full-year profitability this year.”
As Howe noted, FanDuel notched the first profitable quarter in the history of the still nascent US sports wagering industry, doing so in the April through June period of 2022. The company, which controls more of the domestic mobile sports betting market than its two next closes rivals combined, previously said 2023 could be the year it’s profitable on an annual basis.
Flutter Entertainment (OTC: PDYPY) owns 95% of FanDuel, with Boyd Gaming (NYSE: BYD) controlling the other 5%.
