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Someone talk me of of buying FLUT
You make some solid points, but I think there are a few things worth pushing back on here. The Bull case does have merit, Superior UI matters, the ESPN deal is legitimately valuable for brand reach, and 40% revenue growth while turning profitable is impressive. No argument there. But a few concerns: Their competition isn't just Polymarket and prediction markets. FanDuel is actually the market leader in most states, not DraftKings. The real battle is DKNG vs FLUT (Flutter, which owns FanDuel), and FanDuel has been consistently taking market share. The prediction market stuff is noise, you're right that it's a different product and regulatory structure. But FanDuel is the actual threat. The 2x P/S looks cheap until you consider profitability trajectory. Yeah they're profitable now, but sports betting is a brutal margin business. Customer acquisition costs are insane, states keep raising tax rates, and you have to spend heavily on promos to retain users. Being "the most profitable ever" is good, but what are the actual margins and can they sustain them as competition intensifies? The Robinhood comparison is interesting but flawed. Robinhood ran because crypto went parabolic and they had payment for order flow printing money. What's the catalyst for DKNG to 3-4x from here? More states legalizing? Most big states are already live. User growth? It's slowing. Margin expansion? Hard to see with rising taxes and customer acquisition costs. Regulatory risk is real. You mentioned states like the tax revenue, which is true. But states also keep RAISING those taxes because gambling companies have no leverage. Illinois just hiked rates massively. Other states are watching. Every time a state raises the tax rate, it hits margins directly. I'm not saying you're wrong. 21K shares is a big position so clearly you have conviction. But the path to $100+ requires either multiple expansion (why would P/S go from 2x to 5-6x?) or massive earnings growth that I'm not sure the business model supports given competitive and regulatory pressures.
Fanduel down since this afternoon, can’t see any wagers placed. buying puts on $FLUT in the morning
People betting against DKNG and FLUT?
I will stick with FLUT and DKNG
I started selling puts on DKNG today. IV rank is high. Bottom of its trading range. drop today is overreaction to the NBA probe. DKNG also made an acquisition into the prediction markets with Railbirds. Similar arguments could be made with FLUT as they are the largest dominant brand in the space but I don't love trading trading tickers that are 3 figures, makes my position sizing all wacky (current account is too small).
That prediction market bearcase for DKNG and FLUT is interesting. You dont know the state by state revenue breakdown for the prediction markets. It just total contracts. It makes it so you dont know if this is eating massive market share into the sportbooks. Or even more importantly how much in state taxes or being taken away which might anger the state Governments to sue them. Time will tell DKNG/FLUT dont really have positive sentiment. HOOD probably more popular.
RDDT today, DKNG/FLUT yesterday.
OP, I was curious to your question as well...... ....so, I've got to ask: wtf are you talking about? [DKNG's latest IS](https://imgur.com/a/BlxSsCJ) shows positive earnings for the L3M and L6M. To add further insult to injury, they also [generated positive operating cashflow over the L6M](https://imgur.com/a/ECbMiwq) Same goes for [FLUT's IS](https://imgur.com/a/yYED3KU), showing positive earnings for the L3M + L6M, while also doing the same for the corresponding periods in 2024. Looking at their SCF they generated positive [OCF over L6M, for both 2024 and 2025](https://imgur.com/a/HXxVOCT) Dude, do you just....not know how to read an income statement or statement of cash flows?! >Can someone explain how something legal in person in Vegas is profitable, but not online. Uh.....because it is?
I've made money buying and selling FLUT, DKNG and RSI. Bought FLUT when it was under $200. At $188.
Assuming this isn’t ai Gen, at least it’s a discussion of the detailed merit of a stock, which is somewhat lacking around here lately. As someone who traded DKNG and FLUT for gains, I have views on the generic situation. These gambling stocks don’t always respond to the sport season cycles how one would expect, and the hyped life-changing expectations for sports gambling ventures in UK and elsewhere didn’t pan out. There’s a narrative that the only stocks to own are the big two or three. I recently took gains on DKNG but won’t be surprised if it surges during football season. I will consider trying to swing trade it if dips shortly before the next time(s) legislation in the big states could be imminent. For your stock, what are some of the credible and conservative valuations/PTs? And what about ongoing lawsuits?
Why did Fanduel parent company FLUT just drop?
I will be buying more if it's red tomorrow, as well as FLUT who owns FanDuel.
FLUT. Bought at $188 last year. Sold at around 220. It's been trading over 300 lately.
Buy FLUT. Flutter entertainment; they own FanDuel! Make money off your brethren!
People gamble because they are addicted. They don't care about taxes. FLUT and DKNG long leaps.
I'd put gambling stock puts on your radar (DKNG, FLUT, etc.). The Senate added a provision in the bill that only up to 90% of gambling losses can offset gains. For example, if you broke even on 1000 total wagered, you will have 1000 in gains and 1000 in losses but only 90% of those losses will offset. So for tax purposes they'd see a 100 gain to add to taxable income. So you'd basically pay the federal government taxes even though you didn't actually earn any real income. If you're already lose 10% more than you win then you won't notice anything, which accounts for a majority of gamblers. but the whales and high volume bettors are likely to rethink how they do things. This the first major sentiment at the federal level to tighten up the OSB market. Further, states where online sportsbetting is legal are starting to up the taxes and rethink some of the nuances of the industry and what kinds of gambling should and shouldn't be banned. A few years ago the outlook for the OSB industry looked great but it seems lately and moving forward the walls are closing in such that it will be very difficult to meaningfully realize the originally juicy outlook.
FLUT. Bought $188. Sold at $220. Last time I looked it was at $270.
What companies will enter the s&p 500 on Friday(announced AH)👀🤔 Bank of America thinks these stocks are the most likely names to get added: Robinhood-HOOD Applovin-APP Carvana-CVNA Ares Management-ARES Veeva- VEEV Flutter Entertainment-FLUT Cheniere-LNG Interactive Brokers-IBKR
Bank of America thinks these stocks are some of the most likely names to get added to the S&P 500 later this month: HOOD APP CVNA ARES VEEV FLUT LNG IBKR
>Online sports betting is a billion dollar business, investing is just as easy FLUT has been a good bet for me so far.
They may comment on Jackpocket their lottery app. Or prediction markets. I just realized FLUT announced earnings yesterday.
Hey. I invest in Fanduel occasionally. Actually did own FLUT stock for awhile. Great investment. Bought at $188. Sold at $250. And it still went up more.
Theyre eating everyones lunch: SCHW, SOFI, PredictIt, Polymarket, COIN, soon DKNG and FLUT
FLUT. Flutter Entertainment. Closed at 274 today. I bought at 188.
When I do play virtual gambling games, I prefer team or multuiplayer games. I always feel like DKNG or FLUT take extra pains to fuck you in single games or when alone in a lobby
The sports gaming market is pretty dominated by Flutter (parent company of FanDuel) and DraftKings. MGM looked like they might capture a real 3rd place at the start but dropped the ball. I think Fanatics is the only small player that could grow and own a decent chunk of the market, but FanDuel and Draftkings have won. iGaming is something that gets talked about less commonly and is showing some really wild numbers. I assume you know, but for sake of convo, iGaming is basically just online casino - e.g. card games, slots, craps on your phone or computer. Not only the size but the growth and profitability of this is mind blowing; and the race to own it more interesting. MGM does have a solid hold there, as do DKNG and FLUT. These are businesses that cost absolutely nothing to sell more/onboard customers. As the markets grow, the revenues with grow at no additional cost in terms of creating the good. Most of the cost will be spent on advertising, trying to capture market share of newly legal markets. Obviously spend will go into developing and researching new products, but there is not additional cost for the current businesses to sell more and more of the product. Great operating leverage business with massive tailwinds and already over performing demand where it is available.
Just buy GENI or FLUT. Why pay the dealer when you can buy the house?
anyone on FLUT leaps
What you see here is pretty much it. I’m very bullish on Amazon 2025. I will also be adding to $EL, $TWLO, $SQ , $FLUT
It was a situation of a headline without an article. I bought asked questions later. With more info it seems a Senator isn't happy DKNG/FLUT control 90% of the market. So it seems like if true isnt that good for DKNG/FLUT. If not and DKNG can make the case they have no moat which many on this sub and market may already believe then the case goes nowhere.
I bought the DKNG/FLUT flash crash. The Senator bringing the inquiry said DKNG/FLUT have an oligopoly. DKNG/FLUT not supposed to have a moat so I bought thinking the case wouldnt go anywhere.
I bought the DKNG/FLUT flash crash. The Senator came out and saying DKNG/FLUT have a monopoly/oligoply. DKNG/FLUT not supposed to have a moat which probably why those both rebounded.
I bought the DKNG/FLUT flash crash.
FLUT/DKNG profitability can swing based on things out of their control. Due to how much sports betting makes up their revenue. DKNG reports this week so instead of looking at the past you will have new info. The problem is what if DKNG earnings end up being good. You could have a PLTR situation and stock is up 10-20%. And would be saying the same valuation complaints except stock is higher than before the earnings report.
I guess the issue in my mind is valuation for FLUT/DKNG, both are at least 30 fwd pe, sub < 1% fcf yields. MGM 11 fwd pe, 12% fcf yield... so its certainly the contrarian hated play here. VICI is interesting too, odd turn of events that MGM did that but with their existing debt load I guess it makes sense
Yea. I was thinking FLUT or DKNG was a better buy. FLUT has better international exposure. DKNG is the better pure play in US. A less upside option is owning VICI a REIT that controls the real estate of a lot of MGM properties. Hopefully the MGM trade works out.
Depends on how you define gambling sector... For the Las Vegas strip, then yes for sure they are the leader I would argue atm with just how many of the top resort casinos they own on the main strip... For iGaming/online sports betting I would say they are 3rd to FLUT/DKNG
I am with this 100%. The event derivatives court ruling opens up the door for HOOD to become a proxy prop bet shop (sports bets, horse race, oscars, grammys, etc). Was hoping they would at least drop a slight hint at it during the earnings call (slight mention of expanding into other "event markets). But I took the dip to scoop some $25 call LEAPS and lotto ticket calls for Jan 2025 (just in case). I may also grab some puts on DKNG (FLUT has limited volume) as things go longer without an announcement from HOOD/their current event betting test goes. If HOOD gets into sports betting...that's a huge blow to traditional sports books (it's allowed in all states and the taxation is more advantageous for winnings).
Gambling options on gambling stocks like FLUT is peak degeneracy
DKNG can't possibly do those buybacks though. Or anything even remotely close to it. FLUT can manage it because theve 9bn of revenue from the rest for the world which is in its optimized returns phase, while the US is now in profit to the tune of half a billion. DK is barely breakeven in the US and has zero revenue elsewhere whatsoever. It's completely overleveraged. This is simply a case of the US market, somewhat recreational, vastly overestimating an existing stock over an apparent newcomer they know little about
I think it is a market cap thing. FLUT at 46B market cap. DKNG at 19B. It takes less to pump DKNG 6% than it would FLUT. Market also forward looking and maybe think DKNG doing a buyback could have more impact as well with their smaller market cap.
That's exactly what it is. The American market is so fkin odd and inefficient that a company 5 times more successful than DKNG announced massives buybacks and somehow DKNG pumps more than FLUT. Makes absolutely no sense For clarity, DKNG are about breakeven right now. FanDuel (FLUT) are profitable already. Outside of America, FLUT are market leaders in basically every important region making record profits. The whole thing makes no sense. Fucking sell DKNG and buy FLUT
Moving because it's biggest rival (FLUT) announced a buyback that DKNG could only dream of. Go figure
Moving because FLUT (FanDuel) announced a huge share buyback. Something dkng wouldn't be able to afford to do if they doubled in size I've no idea why anyone would be in DKNG when you can be in FLUT for a reasonable premium. No comparison between the two companies
Nah I've been waiting for the payout. It's been 3 weeks since the deadline. I don't know how long something like this takes. I also don't understand the fees that the bank is charging. They are the ones that offered the ADRs and they are the ones that terminated them. Flutter and Robinhood have nothing to do with it. They could easily exchange them for FLUT shares and if they charge fees to do that they should waive them. Now they are dragging their feet on the sale proceeds.
tell me the market isn’t a scam had FLUT 220c and they jumped 50% 10 minutes before close for no apparent reason paper handed lil bitch i am
Hit on NU, IBTA, FLUT. Waiting on OKLO and CSCO
FLUT earnings after close, surely a buy with all the sporting events (NBA, euros, copa, olympics)?
I was patiently waiting until 7/26 after reading this post....that date came and went and I still have $1k+ in FLUT shares unsold. Any update on this?
$FLUT $220 December puts
80% of people probably don’t even know FLUT is Fanduel. I’m one of them.
FanDuel (FLUT) has a larger market share
I had this exact same situation. I've been chasing my broker, Interactive Brokers (chased them many times) and this morning I've just noticed the conversion has taken place. PDYPY is gone and my FLUT position has increased.
New Jersey released their budget proposal it didnt have a tax hike on sports betting. That is a non-story fine print kind of thing in mainstream news articles. But massive company specific news for DKNG/FLUT since FUD had been every state would start raising taxes soon.
DKNG and FLUT are up with New Jersey budget not having tax hikes on sports betting. Im surprised those initial tax hike laws articles left out the possibility of government not passing laws. Those articles were so fear mongering.
Who is your broker? The shares should have been delivered by JPM to DTC participants (ie your broker or your broker's clearing firm). I don't see how contacting the DTC will help you. If the shares were moved to the transfer agent - maybe that's where they are. If there was not a mandatory conversion to FLUT shares - that would imply that the depository would sell shares to cover ADS which are not surrendered - in that case - you should get proceeds of that sale. But I would expect proceeds to be deposited into your brokerage account. Quite possibly - that doesn't happen for some time. Does your broker have a corporate actions desk that you can speak with? Maybe try calling and asking if you can speak with your broker's corporate action desk.
Thanks for the response, I have contacted my broker and they have told me that “the event was terminated and according to the DTC and the transfer agent there is no mandatory conversion to FLUT shares” they also have told me to speak to the DTC directly but that seems unusual… or is that something I should look into?
this, my $FLUT shares down 7.7% today 
Oh no, Im in FLUT and waiting to get more RDDT
TUP and RDDT today. I almost did FLUT at open, and if you look youll see why
Well shit, thats a wrap today. Thank you RDDT, FLUT, and TUP
Anybody in here ever talk about FLUT? In a very growing and lucrative industry? More states getting legalized betting? Constantly raking in cash? Just curious
https://preview.redd.it/e2czzehz3kqc1.png?width=776&format=png&auto=webp&s=8a180014b39034f414af2ff18f724898b58b4c08 I started a position in FLUT and tomorrow they release results for 2023. [https://finance.yahoo.com/news/flutter-entertainment-plc-announces-notice-171500840.html](https://finance.yahoo.com/news/flutter-entertainment-plc-announces-notice-171500840.html) Excited for the gambling sector
This is a 3 week old thread but I just got an email from Robinhood that says we either have to exchange the ADRs before 7/26/24 for FLUT shares at 2 to 1 by sending a ticket request to Robinhood. Also we are charged $17.50 + .05 per share or do nothing and after 7/26 out shares will be sold and we get cash minus fees. I'm still debating what is the better choice. I feel like Flutter should be paying these fees
I just opened a position in FLUT, you now all have to gamble so I get Lambo
I use ESPN Bet, and so do other people I know. Their UI isn’t as smooth as Fanduel, but it’s better than MGM/Caesars/Wynn. They offer some markets and parlay options that other books don’t have too. They also have the 3rd largest daily active user base behind Fanduel and DraftKings. They lost money on ESPN Bet because they had more people sign up than they expected, so their marketing expense was higher (bet $5 get $150 promo), in the long run I think that’s a good thing. They’re also supposed to launch a new espn app before the 2024 NFL season with fantasy/betting integrated. I don’t think the average consumer would know or care that they were once affiliated with Barstool. ESPN is a household name, and should help them gain users in new locations. About half of the US has not legalized online sports gambling, so the market is only going to get bigger. They have a lot of debt, but have been investing. I’m personally high on all of the online books (FLUT, DKNG, PENN) because the market is growing and people can use multiple books.
For DK, you talk about the industry rather than the company. What makes it a better play than its rivals like FLUT? Also, worth mentioning that California absolutely smacked it down like 86/14 or something last time it was on the ballot. It’ll be up again, with new messaging, but still important context.
ANF AND FLUT is ganna hit 1,000$ in 3 months
ANF AND FLUT is ganna hit 1,000$ in 3 months
ANF AND FLUT is ganna hit 1,000$ in 3 months
ANF AND FLUT is ganna hit 1,000$ in 3 months
Call Ameritrade for the PDYPY information. Separately, buy FLUT to reestablish your Flutter position.
I believe the new symbol is FLUT. The broker will eventually fix the issue but if it bothers you, call the broker or use their chat feature to get it fixed sooner.
DKNG has half the market cap of FLUT (Fan Duel) and like 2000 employees compared to FLUTs 21k employees, plus its just a better platform overall. The world is changing, a lot of people would prefer to gamble on their phones (all of WSB) than step foot in a casino. For that reason, I'm riding the storm out tomorrow!
How does the actual **User Experience** of PENN compare to FLUT and DKNG? I'm speaking of: - GUI/design/aesthetic - Availability of bets and across different sports - Rake - Spreads - Payouts - Promos - Addictiveness level Say you're a young gambler, why do you go to PENN over the others?
FLUT seems to be the winner over time?
FLUT has positive earnings and will likely be spinning off FanDuel to unlock more value. DKNG stock has been doing better, but still doesn't make money. I prefer the former for more safety, with still big growth potential.
DKNG destroys FLUT every day of the year
I'm for DKNG over FLUT hopefully they'll both continue to do well
Someone smart on here should figure out why we shouldn’t short FLUT. I’m an idiot but how can Fanduel be valued 4x more than DraftKings?
That trash is abandoned. The issuer likely won't bother with trying to get it traded OTC and it'll be stuck as pink sheets. Flutter moved on, transitioned to $FLUT and aren't looking back.
It’s a corporate action. They take time to resolve. Your shares will eventually turn into FLUT shares. In the future if you want to avoid being caught in this limbo sell when you see upcoming corporate actions or be prepared to sit through the processing period.
$DKNG, $WYNN, $IGT, $FLUT are some of my favorites to name a few
I have a small stake in DKNG also, I like their UI the best of all of them. However, with FanDuel coming to the US exchanges via FLUT, it’s about to get really competitive in that space. Make sure you pick the lead dog from here on out.
CBOE > DKNG+FLUT gambling on companies more fun than gambling on sports