FanDuel Faces Loss of $5 Million on New Super Bowl Betting in NJ

Bloomberg: FanDuel reported losses of $5 million on Sunday’s Super Bowl — suggesting the first big test of New Jersey’s nascent sports-betting business was better for customers than bookies. More than 75 percent of the money was bet on the favored New England Patriots, which beat the Los Angeles Rams in the lowest-scoring Super Bowl ever.