Amid all the winning and losing in the online sports betting industry, there could be some unexpected losers and losses.
. And more than a dozen other names that make up the list of online sports betting brands that have thrown in the towel in the United States. around a handful of operators. And of those survivors, DraftKings and FanDuel are the top dogs by a fairly wide margin.
“We do not expect exits to materially slow in the coming years with elevated cost of capital, an increase in consumer protection/regulation, and market share consolidating amongst the larger players,” JMP’s Jordan Bender wrote. However, not every brand that disappears does so because of its own failings. Moreover, amid all the winning and losing, there could be some unexpected losers and losses.Some of those hurt by the exits are obvious. They include the companies that tried and failed at OSB , the people who worked for those businesses, and the bettors who are increasingly finding themselves with fewer places to legally bet online.
Now, arguably, there could be some shuttered sportsbooks that offered certain betting markets or experiences that losing bettors miss, even as they still have places to turn to get down a same-game parlay. But it’s sharper players who will likely feel more of the pain of consolidation, as they find themselves limited to almost nothing or banned outright at the remaining shops. Some temporarily lucky players could find themselves on the receiving end of this treatment as well.
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