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FanDuel owner Flutter takes $370 million hit from NFL bettors. Blame these winning teams. - MarketWatch

1. Flutter revised 2024 U.S. revenue estimate down by $370 million. 2. Excessive wins by football fans impacted revenue expectations significantly. 3. Primary influence comes from NFL team's performances affecting betting outcomes.

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FAQ

Why Bearish?

Reduced revenue estimates indicate potential loss in investor confidence, similar to past earnings misses.

How important is it?

The revenue revision is significant enough to impact investor decisions and expectations.

Why Short Term?

The revenue impact is immediate but could stabilize as adjustments are made.

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