The Quick Rise and Quick Fall of DraftKings Fanduel

[BWillie]

Amazon wasnt profitable in the early stages either. My guess is they both wanted & needed to take advantage of the buzz of the hit new thing & get entrenched in the minds of consumers. Now, I would imagine they can gradually reduce their advertising revenue to a more sustainable amount.

Also, some of this may be because (I heard this anyway, may not be 100% accurate) that the NJ DOJ being the pieces of shit that they are basically did a shakedown of DraftKings/FanDuel required them to pay back entry fees to those who played on those sites. So those ppl essentially got a free roll, and the winners still got paid. Sounds like a disastrous overlay.