Description: The NFL is off and running for another season. And with this kickoff comes the news of just how much betting is going on out there. Legal bets on college and NFL football are likely to exceed $20 billion this year. With news like that, Draft Kings stock has been up 17% over the last three months.
Date: September 10, 2021
1) What’s the situation with sports betting among students on your campus? Is betting a common activity for football fans there?
2) What might be some of the key financial risks that a CFO of a company like Draft Kings would have to be concerned with?
3) Page 9-26 of Wiley’s Financial Accounting: Tools for Business Decision Making discusses the Canadian Football League’s Calgary Stampeders. Is there any option for legal betting on CFL games?