{"id":232059,"date":"2022-09-14T16:25:43","date_gmt":"2022-09-14T21:25:43","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=232059"},"modified":"2022-09-15T12:33:57","modified_gmt":"2022-09-15T17:33:57","slug":"draftkings-thursday-night-football-deal-could-boost-same-game-parlays","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/","title":{"rendered":"Amazon Partnership Could Be Boon for DraftKings Same-Game Parlay Efforts"},"content":{"rendered":"

Earlier this week, DraftKings (NASDAQ:DKNG) announced it\u2019s the official partner of Amazon\u2019s (NASDAQ:AMZN) Thursday Night Football<\/em> broadcast. At least one analyst says the accord could have meaningful implications for the sportsbook operator\u2019s same-game parlay offerings.<\/p>\n

\"Thursday
An advertisement for Thursday Night Football<\/em>, seen above. An analyst says a deal with Amazon could benefit DraftKings. (Image: ClutchPoints<\/em>)<\/figcaption><\/figure>\n

Under the accord’s terms, the gaming company will provide pre-game and live odds<\/a> during the games streamed by Amazon. The first Thursday Night Football <\/em>broadcast on Amazon Prime Video arrives tomorrow when the Los Angeles Chargers travel to take on their AFC West rival Kansas City Chiefs.<\/p>\n

In a note to clients today, Oppenheimer analyst Jed Kelly said DraftKings\u2019 agreement with Amazon could set the stage for the sportsbook operator to speed along its same-game parlay platform.<\/p>\n

Quick same game parlays (Quick SGPs) \u2014 pre-packaged same game parlays bets available across NFL, college football, NBA, college basketball, Major League Baseball (MLB), NHL and soccer,\u201d<\/strong> according to the gaming company.<\/p><\/blockquote>\n

Last week, DraftKings said it\u2019s allowing bettors<\/a> to compile same-game parlays across multiple sporting events. For example, a client could piece together a same-game parlay on DraftKings with two legs from Sunday\u2019s Cleveland Browns\/New York Jets game and another two legs from the Baltimore Ravens\/Miami Dolphins tilt later that day.<\/p>\n

DraftKings Following FanDuel Template<\/h2>\n

FanDuel<\/a>, the largest online sportsbook operator in the US, rolled out a similar spin on same-game parlays last December.<\/p>\n

Oppenheimer\u2019s Kelly said DraftKings\u2019 relationship with Thursday Night Football<\/em> could pay dividends. FanDuel reaped same-game parlay benefits from its partnership with TNT<\/em> through that network\u2019s Thursday night NBA games broadcasts.<\/p>\n

\n

The analyst noted FanDuel branded its same-game parlay around those broadcasts. Data supports the point that by offering a free $10 bet to clients, the sportsbook operator was able to compel more bettors to embrace same-game parlays and bolster its handle on such bets.<\/p>\n<\/div>\n

FanDuel partnered with TNT<\/em> Thursday night NBA broadcasts over the past two seasons. Kelly forecasts similar rewards for DraftKings by way of the Thursday Night Football <\/em>deal. The analyst rates DraftKings stock \u201coutperform.\u201d<\/p>\n

Important Financial News<\/h2>\n

DraftKings shareholders eagerly awaiting a more rational spending environment and profitability, take note: Kelly says the costs the gaming company is incurring by the Amazon deal are already factored into the 2022 guidance<\/a> the sportsbook operator revealed last month.<\/p>\n

The firm forecast 2022 revenue of $2.08 billion to $2.18 billion, up from a prior outlook of $2.05 billion to $2.17 billion. That implies year-over-year revenue growth of 60% to 68%. Analysts were expecting $2.1 billion. Boston-based DraftKings sees a 2022 EBITDA loss of $765 million to $835 million \u2014 better than the previously forecast loss of $810 million to $910 million.<\/p>\n

Separately, Guggenheim analyst Curry Baker lifted his DraftKings price target to $34 from $31 while reiterating a \u201cbuy\u201d rating on the stock. Baker cited a more conservative promotional spending climate and robust daily average user data, among other factors, in boosting the price outlook on the gaming stock.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Earlier this week, DraftKings (NASDAQ:DKNG) announced it\u2019s the official partner of Amazon\u2019s (NASDAQ:AMZN) Thursday Night Football broadcast. At least one analyst says the accord could have meaningful implications for the sportsbook operator\u2019s same-game parlay offerings. Under the accord’s terms, the gaming company will provide pre-game and live odds during the games streamed by Amazon. The […]<\/p>\n","protected":false},"author":46,"featured_media":232060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074,16693],"tags":[81903,80968,82041],"acf":[],"yoast_head":"\nDraftKings Thursday Night Football Deal Could Boost Same-Game Parlays<\/title>\n<meta name=\"description\" content=\"DraftKings Thursday Night Football agreement could drive same-game parlay offering.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DraftKings Thursday Night Football Deal Could Boost Same-Game Parlays\" \/>\n<meta property=\"og:description\" content=\"DraftKings Thursday Night Football agreement could drive same-game parlay offering.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-14T21:25:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-15T17:33:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/TNF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"673\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/\",\"url\":\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/\",\"name\":\"DraftKings Thursday Night Football Deal Could Boost Same-Game Parlays\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/TNF.jpg\",\"datePublished\":\"2022-09-14T21:25:43+00:00\",\"dateModified\":\"2022-09-15T17:33:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"DraftKings Thursday Night Football agreement could drive same-game parlay offering.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-thursday-night-football-deal-could-boost-same-game-parlays\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/TNF.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/TNF.jpg\",\"width\":1200,\"height\":673,\"caption\":\"An advertisement for Thursday Night Football. 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