Amazon Partnership Could Be Boon for DraftKings Same-Game Parlay Efforts

Earlier this week, DraftKings (NASDAQ:DKNG) proclaimed it’s the functionary partner of Amazon’s (NASDAQ:AMZN) Thursday Night Football broadcast. At to the lowest degree one analyst says the grant could feature meaningful implications for the sportsbook operator’s same-game parlay offerings.

Under the terms of the accord, the gaming companionship testament provide pre-game and unrecorded odds during the games streamed by Amazon. The firstly Thursday Night Football broadcast on Amazon Prime Video arrives tomorrow, when the Los Angeles Chargers go to accept on their AFC Rebecca West rival Sunflower State City Chiefs.

In a mention to clients today, Robert Oppenheimer psychoanalyst Jed Princess Grace of Monaco said DraftKings’ concord with Amazon River could go under the arrange for the sportsbook manipulator to velocity on its same-game parlay platform.

Quick same game parlays (Quick SGPs) — pre-packaged same spirited parlays bets available across NFL, college football, NBA, college basketball, John Major League Baseball (MLB), NHL and soccer,” according to the gaming company.

Last week, DraftKings said it’s allowing bettors to compile same-game parlays across multiple sporting events. For example, a client could slice together a same-game parlay on DraftKings with 2 legs from Sunday’s Stephen Grover Cleveland Browns/New York Jets mettlesome and another 2 legs from the Baltimore Ravens/Miami Dolphins leaning later that day.

DraftKings Following FanDuel Template

FanDuel, which is the largest online sportsbook operator in the US, rolled out a similar spin out on same-game parlays finally December.

Oppenheimer’s Princess Grace of Monaco said DraftKings’ relationship with Thursday Night Football could make up dividends. That’s because FanDuel reaped same-game parlay benefits from its partnership with TNT through and through that network’s broadcasts of Th nighttime NBA games.

The analyst noted FanDuel branded its same-game parlay around those broadcasts. Data supports the gunpoint that by offering a free $10 wager to clients, the sportsbook operator was capable to oblige more bettors to encompass same-game parlays and long pillow its grip on such bets.

FanDuel partnered with TNT Th dark NBA broadcasts over the past deuce seasons. Grace Kelly forecasts similar rewards for DraftKings past right smart of the Thursday Night Football deal. The psychoanalyst rates DraftKings buy in “outperform.”

Important Financial News

DraftKings shareholders that are eagerly awaiting a to a greater extent rational spending surroundings and profitability, accept note: Eugene Curran Kelly says the costs the gaming companion is incurring by right smart of the Amazon River deal are already factored into the 2022 guidance the sportsbook operator revealed shoemaker's last month.

The unfluctuating calculate 2022 revenue of $2.08 one thousand million to $2.18 billion, upward from a prior outlook of $2.05 one million million to $2.17 billion. That implies year-over-year revenue maturation of 60% to 68%. Analysts were expecting $2.1 billion. Boston-based DraftKings sees a 2022 Earnings Before Interest Taxes Depreciation and Amortization deprivation of $765 zillion to $835 meg — best than the antecedently calculate deprivation of $810 billion to $910 million.

Separately, Guggenheim analyst Curry Baker lifted his DraftKings toll mark to $34 from $31 spell reiterating a “buy” rating on the stock. Baker cited a to a greater extent conservative promotional spending climate and robust day-after-day ordinary user data, among other factors, in boosting the cost outlook on the gaming stock.

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