DraftKings Is Betting on In-Game Betting
DraftKings (NASDAQ: DKNG), the online sports and sports fantasy gambling company that debuted as a public company on April 24, 2020, says it is looking at in-game betting as its "No. 1 focus from a product perspective." In an interview with Barron's, CEO Jason Robins said there is opportunity in the U.S., noting that "in-game is about 75% of the revenues at sports books" in the U.K.
Robins discussed how real time in-game betting is popular in the U.K.'s English Premier soccer league for such things as which player will be issued the next yellow card. He believes that a sport like major league baseball in the U.S. is even more suited to this type of betting, since there are stoppages as a normal course of play.
Source Fool.com
