Our Clients:

Field Level Media - Professional sports content solutions | FLM

Jul 27, 2020 11:08 am

Betting industry takes hit following MLB postponements

The betting industry rebounded over the weekend with the return of Major League Baseball but returned to a coronavirus-induced slowdown on Monday.

Shares of DraftKings dropped 11.6 percent on Monday morning after MLB postponed two games in response to at least 13 Miami Marlins players and coaches testing positive for COVID-19.


FanDuel Sportsbook, Meadowlands
A man watches the game after betting at the FANDUEL sportsbook during the Super Bowl LIII in East Rutherford, New Jersey , U.S., February 3, 2019. REUTERS/Eduardo Munoz

About two hours later, the stock price had risen slightly to $34.56 a share, down almost 8 percent from the $37.55 share price at the opening bell.

CNBC reported that MLB was the most popular bet at DraftKings over the weekend and that the betting site had its second-best day since the sporting world came to a near halt in March because of the COVID-19 pandemic.

Mobile betting is legal in seven states.

London-based sportsbook William Hill closed down 4.2 percent on the London Stock Exchange on Monday.



–Field Level Media (@FieldLevelMedia)

You may also like

Apr 27, 2022 8:57 am

Giants go for 2-game sweep of crosstown rival A’s

The San Francisco Giants will look to further close the gap in their all-time rivalry with the visiting Oakland Athletics when they seek a second straight win Wednesday night in…

Apr 27, 2022 8:42 am

Guardians, slumping Franmil Reyes take on Shohei Ohtani’s Angels

The Cleveland Guardians and Los Angeles Angels will play the third game of their four-game series Wednesday night in Anaheim, Calif., as the Guardians try to rediscover their offense. Cleveland’s…

Apr 27, 2022 8:35 am

Playoff-bound Kings seek to keep Kraken reeling

The Los Angeles Kings are playoff-bound for the first time since the 2017-18 season. The Kings (43-27-10, 96 points) punched their postseason ticket Tuesday night when Dallas defeated Vegas in…

More Archive News

Apr 27, 2022 8:57 am

Giants go for 2-game sweep of crosstown rival A’s

The San Francisco Giants will look to further close the gap in their all-time rivalry with the visiting Oakland Athletics when they seek a second straight win Wednesday night in…

Apr 27, 2022 8:42 am

Guardians, slumping Franmil Reyes take on Shohei Ohtani’s Angels

Apr 27, 2022 8:35 am

Playoff-bound Kings seek to keep Kraken reeling

Apr 27, 2022 8:17 am

Six-man rotation kicks in as Astros, Cristian Javier face Rangers

Apr 27, 2022 8:08 am

Jason Robertson, Stars can lock up playoff berth vs. Coyotes

Read all
fb-post
advertisment
title-icon

Upcoming events

See all odds