NEW YORK (AP) — It’s been a tough football season for sports books. FanDuel and its key rival DraftKings have both showed investors that the house can indeed lose, or at least lose more than anticipated, when so many favorites win. FanDuel’s parent company, Flutter Entertainment, and DraftKings have both warned investors about more payouts than anticipated to bettors during latest NFL season. The risks come along with steady growth for the industry, which has become a more established piece of the overall fan experience for sports. Overall, 38 states and Washington D.C. allow online sports books, according to the American Gaming Association.
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