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US sports-betting duo’s growth wager is paying off

The wide world of sports betting is narrowing. DraftKings and FanDuel have about 80% of the U.S. market, which could reach $39 billion in size by 2030, the latter company’s owner Flutter Entertainment reckons. High entry costs and slick products stack the house in the duopoly’s favor. Absent a regulatory crackdown, it looks like years of red ink will finally pay off.

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