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As Wall Street Shows, Even When US Sportsbooks Lose Money, They Still Can WinWritten by: Steve Bittenbender

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Over the last month, several gaming companies have issued quarterly financial reports. For those with US sportsbooks, losses weren’t uncommon. DraftKings announced adjusted earnings before interest, taxes, depreciation, and amortization (EBIDTA) at a loss of $395.9 million for 2020. That happened as the sports technology company reported sales and marketing expenses last year of nearly
The post As Wall Street Shows, Even When US Sportsbooks Lose Money, They Still Can Win appeared first on Casino.org.
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