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” There was extremely little competitors from brick-and-mortar casinos in the second quarter.” And although online sporting activities betting companies DraftKings and FanDuel have exceeded their benchmark indexes over the past year, the pandemic has actually struck them hard, as well. Given that going public in April, DraftKings’s market capitalization has actually reached $12 billion, outpacing institutions like Caesar’s and MGM resorts, according to the Wall Road Journal. On the other hand, brick-and-mortar casinos have actually seen their earnings contract 80%, according to the American Video Gaming Organization.
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