It was not a good start to the week for online sports betting (OSB) company DraftKings (DKNG). Shares dropped after it became apparent that college football’s fall season probably won’t kick off. At a Big Ten conference meeting, the teams’ presidents voted 12-to-2 to cancel the season. This development represents a big blow for DraftKings. College football is one of the most bet on sports in the US and takes place during Q4, when the company traditionally generates most of its revenue.The decision raises the question of whether other sports leagues will be cancelled. Whether they will or won’t, Rosenblatt …read more
Source:: Yahoo Finance
