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Online Gaming Predictions and New York Sports Betting Insights from Wall Street Bets Community
*** Igaming* Sports Betting Suppliers Analyst Aristocrat DraftKings Light & Wonder ReelMetrics*** Rege Behe, your gaming guru
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Jeffries' take on online gaming models
In a recent update on April 13, Jeffries' David Katz maintained his bullish stance on online gaming models. Despite escalating macro concerns, he believes the market continues to grow due to the recent market dislocation.
For DraftKings, Katz reduced his 1Q estimates due to weaker performance during March Madness, forecasting revenue of $1.51 billion, down from his previous estimate of $1.65 billion. On the other hand, Rush Street's estimates remain unchanged, given its focus on igaming.
Slot update from Truist Securities
In a call with slot analytics firm ReelMetrics on April 11, Truist Securities' Barry Jonas shared insights. Nick Hogan, ReelMetrics' co-founder, stated that growing opportunities remain in the industry despite some macro uncertainties. Both Light & Wonder and Aristocrat Leisure's game performance continues to be strong, even amid ongoing litigation. M&A hasn't impacted IGT's performance.
J.P. Morgan's thoughts on New York state sports betting
Estelle Weingrod of J.P. Morgan revealed that New York online sports betting data for the week ending April 6 showed a handle growth of +21% year-over-year and GGR growth of +6% year-over-year. For Q1, online sports betting handle increased by 20% year-over-year, indicating steady growth in this market.
What's buzzing in the online gaming industry?
According to analysts, the global online gaming market is gearing up for expansion, with mobile gaming and esports leading the charge. The market is expected to reach $205 billion by 2026, with mobile gaming commanding the largest share.
Data-driven decision-making is essential in today's online gaming landscape, and companies such as ReelMetrics are well-positioned to benefit from this trend. Companies like DraftKings, Aristocrat, Light & Wonder, and ReelMetrics are strategically placed to capitalize on monetization innovations, regulatory expansions, and evolving consumer behaviors.
However, challenges such as discoverability and the need to balance evergreen titles with new releases remain. To stay competitive, these companies should focus on diversification across multiple platforms and leveraging emerging technologies. Keep an eye on these players in the rapidly evolving online gaming industry!
Below are four sentences that contain the given words in the context of online gaming, following from the provided text:
- David Katz from Jeffries remains bullish on online gaming models, despite market dislocation due to escalating macro concerns.
- ReelMetrics, a slot analytics firm, along with companies like Light & Wonder and Aristocrat Leisure, are strategically positioned to capitalize on opportunities in the online gaming industry.
- Barry Jonas from Truist Securities shares insights on the online gaming industry, stating that opportunities remain despite some macro uncertainties.
- Analysts expect the global online gaming market to expand significantly, with a focus on mobile gaming and esports, reaching $205 billion by 2026.
