I've been watching FanDuel and DraftKings duke it out for some time and was wondering how profitable they are. Anyone have insights on the general state of the industry?
- How much capital is required to start a viable online casino?
- How much does it cost to acquire a customer/ bettor and what is the lifetime value of each one?
- What is the typical profit margin for an online casino?
- How does competition affect profits? If everyone is starting an online casino, is there still profit to be made? How are the major players differentiating?