Robinhood (NASDAQ: HOOD) should focus its potential entry into the world of sports wagering on event-style contracts rather than standard offerings, according to a research firm. Sample images of the Robinhood investing app on smartphones. A research firm said the company should focus on sports event contracts if it pursues sports betting. (Image: Robinhood) In a recent report, Eilers & Krejcik Gaming (EKG) highlighted the difficulties faced by new entrants in the word of traditional of sports wagering, using Penn Entertainment’s (NASDAQ: PENN) ESPN Bet as the template. The research firm noted that while ESPN Bet could gain market share in 2025, its share of the US sports wagering market stood at just 1.5% of gross gaming revenue (GGR) as of the end of November, confirming the difficulty newer competitors face in cracking the duopoly established by DraftKings and FanDuel. That should arguably inform Robin Hood as it looks for a way into the sports betting market. Taking on a… Read More
Category: Financial, Sports Betting, sports betting
Source: Casino.org
