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DraftKings' stock has fallen to $20.44 over the past six months, leaving shareholders down 11.1% while the S&P 500 gained 8.9%. Softer quarterly results partly drove the drop, according to analysts at StockStory. StockStory cites three concerns. Annualised revenue growth of 20.3% over the last two years fell below the five-year trend, and the operating margin averaged negative 4.4% over the same period, despite a rise in the last 12 months. Its free cash flow margin averaged 9.9%, which StockStory considers low for a consumer discretionary business. The stock trades at 18.7× forward earnings, a reasonable valuation but not a big opportunity, the analysts say.

Inside Gaming: MGM Resorts, Wynn and betting giants hit hard as gaming stocks struggle. People walk across a pedestrian bridge from the MGM Grand Monday, June 1, 2026, in Las Vegas. (Benjamin Hager/Las Vegas Review-Journal) Las Vegas Review-Journal October 20, 2026 - 6:00 am Gift this article Shares of several major gaming companies remain near their lowest levels of the past year, with Las Vegas-focused operators and online betting companies facing steep declines despite mixed results in Monday's trading. MGM Resorts International fell 2.3 percent Monday to close at $27.95, setting a new 52-week low of $27.94 during the session. The shares are down about 46 percent from their 52-week high of $51.59, reached in June. Caesars Entertainment has fared better than several major competitors this year. The company's shareholders approved Tilman Fertitta's $17.6 billion acquisition of the casino operator in September. The all-cash deal values Caesars shares at $31 each and would take the company private, subject to regulatory approval and other closing conditions. Caesars shares closed at $28.80 on Friday, below the agreed acquisition price. Wynn Resorts has also approached its yearly lows, with shares hitting $75.98 on Monday, down nearly 38 percent year-to-date. Online betting operators have experienced some of the sector's steepest declines. Flutter Entertainment, parent company of FanDuel, has seen shares traded as low as $72.56 this month, leaving them close to their 52-week low. Flutter's market capitalization has fallen sharply from its highs above $50 billion last year. Shares of rival DraftKings are 46.5 percent below their 52-week high of $36.98, reached in January. DraftKings' market value has fallen below $10 billion. Wall Street analysts say online betting companies are contending with new competition from prediction markets and changing regulatory conditions, while land-based casino operators are facing concerns about consumer demand. BUSINESS NEWS YOUR WAY Circa Survivor contestants crushed again. At least one NFL favorite of seven points or more has lost in each of the first six weeks of the season. Those upsets have caused carnage in the Circa Survivor contests, where contestants pick one NFL outright winner each week but can use each team only once. More than half the remaining Circa Survivor field was eliminated Sunday by the Los Angeles Rams and Indianapolis Colts, leaving only 1,277 (5.1 percent) of the starting field of 25,017 entries who paid $1,000 each for the chance to win the $25 million prize. That includes 119 selections on the San Francisco 49ers on "Monday Night Football." The Rams, 12[1/2]-point favorites over the Arizona Cardinals, were the most popular pick with 901 selections (31 percent of the field). They were knocked out by the biggest upset of the season when Chad Ryland kicked a game-winning 43-yard field goal as time expired to lift the Cardinals to an 18-16 win. The Colts, 6[1/2]-point favorites over the Tennessee Titans, eliminated 703 entries (24.2 percent) after blowing a 13-0 halftime lead. Chimere Dike's 58-yard punt return early in the fourth quarter set up the tying score for the Titans and Oluwafemi Oladejo's 14-yard return of a blocked punt gave Tennessee its first lead with 10:17 left. Joey Slye made two field goals in the final 2:03 and the Titans held on for their first win of the season. More than half the remaining Circa Grandissimo high-stakes Survivor contestants also were knocked out by the Rams and Colts, who eliminated eight $100,000 entries. That leaves only six (including one on the 49ers) of the starting field of 77 entries still in the hunt for the $7.7 million prize. One $100,000 entry failed to submit their pick, thought they reportedly planned to take the Rams. New lair at Rio. The Rio hotel-casino has collaborated with Aristocrat Gaming to develop "Dragon Lair," a new gaming space to bring Dragon Link and Phoenix Link slot machines to an area formerly occupied by the Rio's poker room. The Dragon Link and Phoenix Link games, build off the Lightning Link title, adding colorful themed visuals and game features. Dragon Link takes Hold & Spin and adds an Orb trigger symbol across all titles, making it easy to recognize regardless of the game players are enjoying. While Phoenix Link puts fresh twists on features like the classic Hold & Spin with scaling grand and major jackpots, as well as free games with the opportunity to reward players with "Wild Multipliers" or "Twin Spins." The multidenomination games offer intuitive play and a variety of bonuses. "We're excited to collaborate with Rio to bring Dragon Lair to life and create an experience designed specifically for Aristocrat's loyal players," said Kurt Gissane, chief commercial officer, Americas at Aristocrat Gaming. "By combining Rio's vision with Aristocrat Gaming's expansive portfolio of entertaining content, we've created a dedicated gaming destination that delivers energy, variety and excitement." September slowdown for Atlantic City casinos. Atlantic City's brick-and-mortar casinos had one of their weakest Septembers in recent history, according to figures released Monday by the New Jersey Division of Gaming Enforcement. Despite a 4.6 percent year-over-year increase in slot revenue, the city's nine casinos generated $227.8 million from gamblers last month, a year-over-year decline of 1.3 percent. "After a positive run from May through July 2026 - some of the best brick-and-mortar returns since 2011 - Atlantic City's brick-and-mortar operations have seen a concerning shift in fortunes to one of the worst Septembers in recent history," Stockton University gaming analyst Brian Tyrrell said in a statement Monday. Online gaming win rose 13 percent to its third-highest monthly total on record, surpassing in-person casino win for the first time since June and pushing year-to-date internet gaming revenue above $2.4 billion earlier than in any year on record, according to New Jersey Casino Control Commission Chairman James Plousis. Statewide sports betting win and handle also declined, partly because September had one fewer weekend of football than last year. Tyrrell also raised the possibility that prediction markets such as Kalshi and Polymarket are diverting wagers from regulated sportsbooks, potentially affecting state tax revenue and contributions to the state's Casino Revenue Fund.

New York sportsbooks generate highest weekly gross revenue of football season. Brad Senkiw - News Editor 16+ years betting experience Empire State sportsbooks posted $52.1 million in gross revenue on $581.2 million in wagers, while the overall handle fell from the previous week. Photo By - Reuters Connect. New York Giants quarterback Jameis Winston (19) celebrates with Giants wide receiver Malik Nabers (1) after connecting on a touchdown pass against the Washington Commanders at Northwest Stadium. Geoff Burke-Imagn Images Despite a 6% week-over-week decline in handle, New York online sportsbooks generated their highest gross revenue of the NFL season. Key Takeaways * New York operators fall short of a double-digit hold again. * The weekly handle excludes wagers placed on Monday's Bills-Rams game. * FanDuel kept 9% of over $200 million in wagers. The New York State Gaming Commission reported on Friday that eight mobile operators won back $52.1 million of a $581.2-million handle during the NFL's Week 5. The period that ended Oct. 11 also featured a full slate of college football and the second round of the MLB postseason. The latest gross revenue haul was up 6.1% from the previous week and a significant increase from the $30.2 million generated during the same period last year. Operators still fell short of the first double-digit hold of the fall, but the 9% win rate was up over a point from the previous week. The latest handle failed to reach $600 million in consecutive weeks and fell by more than $9 million year over year, but there was one less game played in the NFL, as the Chiefs and Panthers were on a bye. The amount wagered for the week also didn't take into account the full betting picture for last Monday's Bills-Rams showdown. FanDuel, DraftKings surpass $200M. FanDuel continued its streak of five consecutive $200-million handles and led all New York sports betting operators with $209 million in handle, good for a 9.1% hold. The operator won $19.1 million, dipping below $20 million in gross revenue for the first time in three weeks. DraftKings wasn't far behind in handle, generating $203 million in wagers. The online operator also used a 9.2% win rate to keep $18.6 million in gross revenue, DraftKings' best week of the NFL season. Other operators. Fanatics produced a 9.7% hold on $68.4 million in wagers during the week ending Oct. 11 to generate the third-most revenue. BetMGM won back just 5.3% on a $40.1-million handle, while Caesars nearly reached 9% on $39.4 million in bets. theScore Bet finished third in New York for the week with a 10.1% hold, while BetRivers won 9.2% on $10.3 million in wagers. Bally Bet reached second place with a 10.6% hold for the week, but generated a modest $3.2-million handle.