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Why sportsbooks really need March Madness bettors to lose this year - MarketWatch

1. FLUT's FanDuel and DraftKings seek profitability during March Madness. 2. Estimated $3.1 billion to be wagered, a 14.81% increase from last year. 3. NFL losses last season prompt sportsbooks to rely on basketball tournament revenues. 4. Legal betting expansion across U.S. allows more fans to participate legally. 5. March Madness represents a significant economic boost despite potential corporate productivity losses.

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FAQ

Why Bullish?

The projected increase in betting volume during March Madness could significantly benefit FLUT, as it aims for recovery after recent losses. Historical trends indicate that increased engagement during such events often correlates to improved financial performance for sportsbooks.

How important is it?

The article's focus on betting volumes and profitability directly relates to FLUT's FanDuel operations. Increased legal wagers are likely to provide FLUT opportunities for revenue growth, making this information very relevant.

Why Short Term?

The impending March Madness represents a short-term opportunity for FLUT to recover losses and increase revenues quickly. Similar events in the past have shown immediate financial impacts during high-stakes betting periods.

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