Detroit Lions Take Bite Out Of Sportsbooks: Analyst Advises Patience After Flutter Cuts Guidance

A higher than average amount of NFL betting favorites won games in the 2024 season, which could be bad news for sportsbooks like Flutter Entertainment FLUT owned FanDuel and others.Flutter calls out one Detroit Lions game as being particularly painful, while an analyst says revised guidance has often been a time to buy sportsbook stocks.Lowered Guidance: On Tuesday, Flutter Entertainment announced it was lowering its full-year guidance due to what it called customer-friendly results from U.S. sports."Contin ...