If you look at key metrics -
1: From a gambling business perspective - the number of people placing losing bets is up 174% from $10 mil to $28 mil . At the end, this is one revenue stream that trickles down to the bottom line .
2: number of accounts opened has increased by 254% from 34,000 to 124,000 - the more accounts opened means more bets placed with 88,000 active users ( which equates to $6300 worth of bets per user approximately ).
3: value of bets has increased incrementally 244% from $165 million to $560 million . This shows that not only are accounts being opened but bets placed also are increasing in proportion. It would have been a red flag of accounts opened had gone up but value of bets hadn’t increased because without bets, there are no losses and no revenue growth. 3 million individual bets were placed between April and June .
4: the US market has barely come online and they have doubled market share to 5.4% in New Jersey . If I recall Illinois and New Jersey population alone is the same as all of Australia . Illinois , Iowa and Colorado will contribute significantly in the next 6-12 months as they can now accept NFL bets in the first two markets in 2019/2020 season starting soon, with possibility of some opportunities in New York.
There is $75 mil of cash raised in IPO.
I think it’s been a solid year for a company that has been listed for less than 2 months .
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Last
46.5¢ |
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Mkt cap ! $151.3M |
Open | High | Low | Value | Volume |
45.0¢ | 46.5¢ | 45.0¢ | $277.8K | 604.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 14471 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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46.5¢ | 84494 | 3 |
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No. | Vol. | Price($) |
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2 | 13351 | 0.455 |
17 | 138992 | 0.450 |
5 | 53105 | 0.445 |
9 | 54049 | 0.440 |
1 | 2298 | 0.435 |
Price($) | Vol. | No. |
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0.465 | 84494 | 3 |
0.470 | 5063 | 4 |
0.475 | 20000 | 1 |
0.480 | 6000 | 1 |
0.485 | 11714 | 2 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Change
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