I didn’t say Apple and Amazon will be in the gambling industry. I said they’re going to fight for broadcast rights for all major US sports including NFL. This means NBC’s content offering could shrink significantly over the next 5 years, leaving this deal looking pretty ugly. PBH just partnered with a dinosaur.
CNBC is live reporting news right now on a huge William Hill deal in the US that just got through. It’s so significant that it’s got draftkings stock down 5%+ as I type. For what it’s worth they expect the legal sports betting market to be $12.5 billion in size by 2025 so I don’t know where others are seeing $30bn.
I feel genuinely bad for those who got sucked in today...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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15 | 125854 | 0.465 |
21 | 219523 | 0.460 |
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27 | 159562 | 0.450 |
Price($) | Vol. | No. |
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0.475 | 64346 | 13 |
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