1. #1
    jjgold
    Update your status
    jjgold's Avatar File Clerk
    Join Date: 07-20-05
    Posts: 366,477
    Betpoints: 1043

    Drafkings Might Be Top Gaming Operator But This Is Concerning......

    DraftKings now says it's the top iGaming operator in the US, but that flex-worthy title comes at a price:

    DraftKings spent nearly $500M on sales and marketing in 2020 ó that's ~80% of its revenue for the year.

    It basically spent 80 cents for every $1 of sales it brought in.


    Think: commercials, FB ads, and $500 sign-up bonus promos. While that helped it grow sales and users, DraftKings lost ~$844M for the year.

  2. #2
    MOBIL19
    MOBIL19's Avatar SBR PRO
    Join Date: 07-31-20
    Posts: 607
    Betpoints: 664

    let's all deposit to DraftKings and save the company?
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/21/2021

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/17/2021


  3. #3
    jjgold
    Update your status
    jjgold's Avatar File Clerk
    Join Date: 07-20-05
    Posts: 366,477
    Betpoints: 1043

    THey have to drop advertising at least 50% to ever succeed

  4. #4
    pologq
    pologq's Avatar SBR PRO
    Join Date: 10-07-12
    Posts: 13,016
    Betpoints: 68

    weren't they doing the same with DFS when their commercials were on every 2 minutes?

  5. #5
    big joe 1212
    big joe 1212's Avatar SBR PRO
    Join Date: 06-01-08
    Posts: 17,959
    Betpoints: 228

    So tired of hearing about Draftkings and Fanduel during EVERY commercial break on sports radio shows!
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/14/2021

    $20
    Angelman
    donation 02/16/2021

    SBR Bash
    Punta Cana
    Attendee 2/4/2017


  6. #6
    Slurry Pumper
    Slurry Pumper's Avatar Become A Pro!
    Join Date: 06-18-18
    Posts: 1,169
    Betpoints: 3403

    Draftkings is just flooding the market with early adverts while the stateside gambling is new. Once they get market recognition, they will curtail the budget. It is kind of like Budweiser's campaign in the 80's where the advertising budget was enormous so that the market share could be grown while the market is up for grabs.

  7. #7
    Chi_archie
    FORUM REINSTATEMENT OVERSIGHT TEAM
    Chi_archie's Avatar SBR PRO
    Join Date: 07-22-08
    Posts: 61,260
    Betpoints: 1628

    You never get that chance to make that first impression again

    This year is all about drawing in as many first time gamblers and existing gamblers

  8. #8
    johnnyvegas13
    johnnyvegas13's Avatar Become A Pro!
    Join Date: 05-21-15
    Posts: 18,417
    Betpoints: 195

    Quote Originally Posted by Chi_archie View Post
    You never get that chance to make that first impression again

    This year is all about drawing in as many first time gamblers and existing gamblers
    This

    DK wants to b king

  9. #9
    MOBIL19
    MOBIL19's Avatar SBR PRO
    Join Date: 07-31-20
    Posts: 607
    Betpoints: 664

    I'd like to buy Gamestop DraftKings stock. Anyone selling?
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/21/2021

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/17/2021


  10. #10
    pologq
    pologq's Avatar SBR PRO
    Join Date: 10-07-12
    Posts: 13,016
    Betpoints: 68

    the commercials work cause people at work who are new to gambling always associate DK and fanduel as the go to sites. those like me who are already a degenerate amaze them when i tell them i bet offshore and send money offshore. they think i am tony montana with a cocaine connection in bolivia named sosa. i say how easy it is to do but people do not believe it.

  11. #11
    RudyRuetigger
    Mr Mojo Risin
    RudyRuetigger's Avatar SBR PRO
    Join Date: 08-24-10
    Posts: 61,027
    Betpoints: 28

    draftstreet was the big time company in fantasy


    draftkings came on and took them over



    theyve been losing money ever since but clearly just building up to dominate the market
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/17/2021

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/14/2021


  12. #12
    Optional
    Optional's Avatar SBR PRO
    Join Date: 06-10-10
    Posts: 48,548
    Betpoints: 12984

    I bet we all think 844 million to obtain the majority of the available customer base in a brand new 300mil population marketplace looks like chicken feed when they next change hands.

    $20
    Angelman
    donation 02/15/2021

    SBR Bash
    Punta Cana
    Attendee 2/4/2017


  13. #13
    TommieGunshot
    TommieGunshot's Avatar SBR PRO
    Join Date: 03-27-12
    Posts: 1,231
    Betpoints: 2299

    Why couldn't SBR get any of that advertising money from DK? Could it be because of how much jj disparages all American sportsbooks as being second-rate compared to international books? I think that is the reason why.
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/21/2021


  14. #14
    Dr. Fager
    Dr. Fager's Avatar Become A Pro!
    Join Date: 05-12-11
    Posts: 157
    Betpoints: 4541

    According to simplywall.st, Draft Kings is currently unprofitable and forecast to continue to be unprofitable over the next three years. Their stock share as of now is selling at $66.71.

  15. #15
    RudyRuetigger
    Mr Mojo Risin
    RudyRuetigger's Avatar SBR PRO
    Join Date: 08-24-10
    Posts: 61,027
    Betpoints: 28

    Quote Originally Posted by TommieGunshot View Post
    Why couldn't SBR get any of that advertising money from DK? Could it be because of how much jj disparages all American sportsbooks as being second-rate compared to international books? I think that is the reason why.
    i recommended sbr get involved with fantasy long ago


    and for a while, they did offer draftstreet or draftkings cash in the sportsbook


    that ended, im not sure why...rumors are the fantasy sites didnt want involved with the offshore business



    maybe it can be looked into again with the law overturned and states getting legalized




    would be great to buy sportsbook cash for a site in the states
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/17/2021

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/14/2021


  16. #16
    jjgold
    Update your status
    jjgold's Avatar File Clerk
    Join Date: 07-20-05
    Posts: 366,477
    Betpoints: 1043

    Iíve never seen anything like it both of the big sports books on every media outlet all the time

  17. #17
    MinnesotaFats
    MinnesotaFats's Avatar SBR PRO
    Join Date: 12-18-10
    Posts: 11,508
    Betpoints: 82

    Like a pusher dropping free smack on the streets to hook his peeps on the candy

  18. #18
    johnnyvegas13
    johnnyvegas13's Avatar Become A Pro!
    Join Date: 05-21-15
    Posts: 18,417
    Betpoints: 195

    Quote Originally Posted by MinnesotaFats View Post
    Like a pusher dropping free smack on the streets to hook his peeps on the candy
    basically what all the bet 1 dollar to win 100 all they r

  19. #19
    daneblazer
    Most Well Rounded POY
    daneblazer's Avatar SBR PRO
    Join Date: 09-14-08
    Posts: 27,431
    Betpoints: 2761

    Where is this from

    $20
    Angelman
    donation 02/15/2021


  20. #20
    Bcatswin
    Bcats Winning Everywhere
    Bcatswin's Avatar SBR PRO
    Join Date: 12-21-10
    Posts: 13,499
    Betpoints: 2354

    jj you bored

  21. #21
    Bcatswin
    Bcats Winning Everywhere
    Bcatswin's Avatar SBR PRO
    Join Date: 12-21-10
    Posts: 13,499
    Betpoints: 2354

    Quote Originally Posted by RudyRuetigger View Post
    i recommended sbr get involved with fantasy long ago


    and for a while, they did offer draftstreet or draftkings cash in the sportsbook


    that ended, im not sure why...rumors are the fantasy sites didnt want involved with the offshore business



    maybe it can be looked into again with the law overturned and states getting legalized




    would be great to buy sportsbook cash for a site in the states

  22. #22
    pologq
    pologq's Avatar SBR PRO
    Join Date: 10-07-12
    Posts: 13,016
    Betpoints: 68

    they could easily tone down their commercials to half the level and still dominate the ad shares

  23. #23
    johnnyvegas13
    johnnyvegas13's Avatar Become A Pro!
    Join Date: 05-21-15
    Posts: 18,417
    Betpoints: 195

    They need falcons to deliver the payouts like fan duel

  24. #24
    dlowilly
    dlowilly's Avatar SBR PRO
    Join Date: 11-09-16
    Posts: 12,912
    Betpoints: 12029

    Stock is up over 10% today
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/17/2021


  25. #25
    LongBall52
    LongBall52's Avatar Become A Pro!
    Join Date: 06-14-20
    Posts: 765
    Betpoints: 1295

    At LEAST DK knows that West Virginia is not part of Virginia, so I am able to bet on/agn W. Va. But FanDuels even after 2 emails told me they are working on.. About a month now; still not fixed!

  26. #26
    Fishhead
    Fishhead's Avatar SBR PRO
    Join Date: 08-11-05
    Posts: 36,783
    Betpoints: 3419

    Great lines daily at DK, plus promos.
    TREMENDOUS

  27. #27
    Jayvegas420
    Vegas Baby!
    Jayvegas420's Avatar SBR PRO
    Join Date: 03-09-11
    Posts: 27,626
    Betpoints: 5884

    These jurisdictional issues were much more complicated when Trump was president, a lot of these new books didn’t know that Kansas City was in Missouri instead of Kansas, and Washington DC was often confused with Seattle Washington. Everything seems to be back on track now.

  28. #28
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 33,914
    Betpoints: 6067

    Concerning to who?

    Draftkings is a 20 bil dollar company in its infancy.

    How long did it take for Amazon to turn a profit.

    They want to be the Amazon of gambling/sports.
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 06/14/2021


  29. #29
    Colonist
    Colonist's Avatar Become A Pro!
    Join Date: 05-24-20
    Posts: 161
    Betpoints: 1996

    Revenue/earnings far exceeded projections for 2020. Stock has more than tripled in the past year. They now have 1.5M customers that have signed on. This is a success story. Not one of concern.

  30. #30
    Roger T. Bannon
    Roger T. Bannon's Avatar SBR PRO
    Join Date: 06-28-18
    Posts: 3,358
    Betpoints: 2999

    You only get one chance to own the US market at the beginning stage. DraftKings has outplayed everybody.

  31. #31
    Sam Odom
    Sam Odom's Avatar SBR PRO
    Join Date: 10-30-05
    Posts: 58,076
    Betpoints: 36


  32. #32
    jjgold
    Update your status
    jjgold's Avatar File Clerk
    Join Date: 07-20-05
    Posts: 366,477
    Betpoints: 1043

    DraftKings
    Fandual

    Out hustled everyone

  33. #33
    Roger T. Bannon
    Roger T. Bannon's Avatar SBR PRO
    Join Date: 06-28-18
    Posts: 3,358
    Betpoints: 2999

    They were the only ones that had a clue. All US companies wanted walk up.

  34. #34
    johnnyvegas13
    johnnyvegas13's Avatar Become A Pro!
    Join Date: 05-21-15
    Posts: 18,417
    Betpoints: 195

    Quote Originally Posted by jjgold View Post
    DraftKings
    Fandual

    Out hustled everyone
    ya I think these will always b the big 2

    william hill a distant third

  35. #35
    Roger T. Bannon
    Roger T. Bannon's Avatar SBR PRO
    Join Date: 06-28-18
    Posts: 3,358
    Betpoints: 2999

    There will eventually be a startup that makes it big. Like Robinhood. None of the established US companies are going to be a player. They have all multi-million dollar 60-year-old CEOs that have no idea of what to do except buy somebody. There also is just not that much money to be made in sports gambling so it is just easier to buy something so you can say you have it.

12 Last
Top