MarketWatch
US · 40 mins ago
✦ 72◉ Centre
DraftKings and FanDuel are likely to lose money on the NBA Finals — whether the Knicks or Spurs win
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◉ Centre ✓ Fair headline
Sports betting operators DraftKings and FanDuel face potential losses on the NBA Finals regardless of outcome, as both the San Antonio Spurs and New York Knicks present financial liabilities for their sportsbooks.
DraftKings and FanDuel are likely to lose money on the NBA Finals — whether the Knicks or Spurs win
San Antonio “is the biggest remaining liability on the futures book,” say sports-betting experts — but the Knicks “are a loser for the book as well.”
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