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Benzinga
Benzinga
Business
Wayne Duggan

DraftKings, FanDuel Distancing Themselves From The Competition In Online Sports Betting

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said Monday that U.S. digital gross gaming revenue (GGR) was up 58% in the month of February.

Kelley said February online sports betting (OSB) GGR came in at an annual run rate of $211 million, down 32% month-over-month but up 39% from a year ago on a same-state basis. U.S. iGaming GGR for the month was $384 million, down 4% from January's record level.

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