Wyman Discusses the Profitability vs. Growth Dilemma of Sports Betting for Gaming America

For the January/February issue of Gaming America, The Innovation Group (TIG) Partner Brian Wyman takes a closer look at investments in the sports betting sector. The article questions how long investors will continue to support growth-focused strategies like those of DraftKings in light of seemingly endless financial losses. “I think investors want to see margin expansion, and they want to see continued revenue growth,” said Wyman. “Whether the losses are narrowing fast enough to continue to attract investment is going to be highly dependent on investors’ risk profiles – and their view of DraftKings leadership’s ability to ultimately generate profitable revenue.” Read more here or in “Riding the Wave,” the cover article in the hard copy and digital magazine.

Wyman to ICE London Next Week

Connect with Brian Wyman, SVP of Operations & Data Analytics, next week at ICE London to dig deeper into the remaining growth opportunities for sports betting and iGaming in the U.S., including the value of new land-based and digital markets, partnerships, and relevant legislative updates. Hear our take on recent responsible gaming trends and learn how TIG is driving the use of consumer data with its operator clients for acquisition, in targeted marketing, and to improve customer experience.

Whether you’re heading to ICE or not, be sure to connect with Brian on LinkedIn and follow him @WymanAnalytics for commentary on trending discussions at ICE London 2023.

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