Download full report with analyst certification and important disclosures
Sep 17 2019, 08:00 IST/BST
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|William Hill plc||NEUTRAL||13/02/14||Outperform||16/02/11||186p|
It is early days but Pennsylvania (PA) appears to be adopting sports betting at a promising pace. In August, PA total wagering represented almost 40% of the equivalent New Jersey (NJ) figure (and was some distance ahead of where its neighbour was 12 months ago). Several familiar trends are apparent in the August NJ data as well. The data from the US therefore continues to be encouraging. All eyes are now on September data in both states, when the impact of the NFL season (and a more established competitive environment in NJ) will be clearer.