“Nik estimates that in places where sports betting was legalized, FanDuel managed to convert about 90 percent of its daily fantasy customers into sports bettors”
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Said on Understood: The Big Bet
“They were close to about $5 billion ... about the value of the average NFL franchise at the time”
Understood: The Big Bet · E1: Who Wants to be a Millionaire?
Play from 27:59
27:59
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What was described
Projected annual revenue impact of legal sports betting for the NFL
$5 billion per year (original projection $2.3 billion)
Said nearby on the same subject
“AMR sports of revenue growth of 27% and earnings growth of 106%, which are both really encouraging figures that suggest their growth is due to more than just a fairly narrow fashion trend”
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Said on The Desert Island Investor
“I'm trying to generate 50% annualized returns… the only way that I can achieve that is by taking concentrated levered bets when I have a high degree of conviction”
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Said on The Pomp Podcast
“Maybe 20% less work per year. And for a little while, it actually did not impact revenue.”
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Said on The Financial Independence Show
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