
Online gaming stocks have taken a big hit in recent months, and Bank of America analyst Shaun Kelley said Monday that the U.S. online sports betting market had a surprisingly weak month in December.
Kelley said December online sports betting (OSB) gross gaming revenue (GGR) came in at an annual run rate of just $180 million, down 45% month-over-month. By contrast, December U.S. iGaming GGR was up 11% month-over-month to a record $384 million.