Fourth Brain Estimates That Bookmakers' Seasonal Promotions Are Easing in 2022
Though sports-betting promotions spiked at the start of the football season, crimping 3Q hold rates and widening book Ebitda losses for Caesars, BetMGM, Penn's Barstool, and DraftKings, costs should ebb and margins recover in 2022 as platforms build customer bases and rival WynnBet cuts promotions, costs should ebb and margins recover in 2022 as platforms build customer bases and rival WynnBet cuts promotions. Caesars, MGM, and Barstool all increased their Pennsylvania freebies in September. It's not unexpected that multiple gaming organizations noted poor sports-book hold rates as a