Gaming

Pennsylvania sports betting following a similar path to New Jersey?

  • Sectors : Gaming
  • Companies : William Hill plc | Flutter Entertainment | GVC Holdings

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
Flutter Entertainment OUTPERFORM 08/05/19 Neutral 29/08/17 7508p
GVC Holdings NEUTRAL 13/12/17 N/A N/A 721p
William Hill plc NEUTRAL 13/02/14 Outperform 16/02/11 186p

DAVY VIEW

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.

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Sep 17 2019, 08:00 IST/BST

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