Stifel Cuts Third-Quarter Estimates for Four US Gambling Names

Stifel cut its third-quarter adjusted EBITDA estimates for DraftKings, Flutter Entertainment, Rush Street Interactive and Sportradar in an October 25 note, as Legal Sports Report first reported. It kept all four ratings. Its analysts expect bettor-friendly sports results to have lowered sportsbook hold, offsetting part of a rise in US online betting volume. Stifel analysts Jeffrey Stantial and Steven Wieczynski now put their 2026 adjusted EBITDA estimate for DraftKings 10% below analyst consensus. Stifel estimates volume rose even though the NFL and college football seasons started about a week later than in 2025.