DraftKings Inc. operates as a digital sports entertainment and gaming company. It provides users with daily sports, sports betting, and iGaming opportunities. It is also involved the design and development of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company is based in Boston, Massachusetts.
Hotly anticipated news that the NBA is coming back from COVID-19. Methinks it will be one big buy the rumor, sell the news event. Otherwise, we have food lines stretching for miles. Americans saving more, up to 30% of their income now. But hey, everyone's just dying to put down $2k on the Lakers game.
I think this is for sure a hold, with superbowl coming etc, I am long and holding this one for a while. This and Penn DraftKings Stock, Gambling Stocks Eye Super Bowl As 'Christmas Of Sports Betting' | Investor's Business Daily
I am expecting some big news on how much money they took in on superbowl bets, so look for this one to keep climbing higher.
Ouch this isn't going to help Super Bowl: Sports gambling sites crash during football's biggest game (cnbc.com) BUT.... Kambi (hosts sport betting systems, DKNG, Penn, etc) told CNBC it processed the highest bet volumes in its history, three times more than last year’s Super Bowl
DKNG dipping on a short report from Hindenburg Research. Couldn't even take out last month's lows though, and a lot of volume at halftime today.
This is the kind of stock I believe will thrive even if a crash hits. If you’re not sure about investing in DKNG, check this out. Just let you know, I am digging this mine now. ---Promise or Non-sense?--- DraftKings is the leader of E-Sports betting platform, with over 8 million registered member. DKNG has been outperformed for years and is ready to reach its potential with a momentum stronger than my hangover on Monday. - Related regulation problems On the contrary, this might be one of the BIGGEST reason DKNG has so much potential, as betting industries will be almost legal within the States.Many Countries in Europe are also starting to legalize. It’s an undiscovered gold mine - better start mining before everyone else started. - Why is everyone so bullish on DKNG? Is it legit? Fantasy sports betting market is a strong trend with a 50% increase in the industry. It allows Esports and sports lovers a chance to kind of use their passion to win some money while watching games with more “enthusiasm” ( or anger, depends.) Second, users grow in engagement and number strongly. Let’s face it, who doesn’t love a fun bet that can be done anywhere anytime. - DKNG is NOT making money now, but hey, no pain no game. One of the main concerns I had when I was looking into their financial statements. They are still an expanding company with an aggressive marketing strategy. They approved several deals across pro sports leagues, such as MLB streaming contracts and betting sponsorship with the NFL. Soon, people will know their name. - My personal thoughts on DKNG I was pretty skeptical about DKNG before. After I’ve done the research, now I finally realize how everything will come together, just like chips & salsa. I used to work at an online casino as an accountant. As far as I can tell, stop ISN’T an option when they lose money. It is pretty clear to anyone that DKNG has such great potential to be the KING.
I find it hilarious that you think ANY stocks are going to survive in a dooms-day scenario. least of all a sports betting stock? stocks that rely on disposable income will be the first to take a hit. that all said, I like DKNG as a stock. Long-term. They always make my short list.
DKNG has been down a bit lately but they are only going to get stronger and stronger. Right now they are spending hard to get new customers, which is hurting their profitability. As more states' legalize gambling and sports betting, DraftKings is poised to expand. It is a highly competitive market, but I believe DraftKings to be current industry leader. Followed by FanDuel, BetMGM, and Ceasar's Sportsbook.
I've used both Draftkings and FanDuel for like 5-10 years. I prefer FanDuel both for the fantasy sports, and the Sportsbook. The layout is cleaner and more intuitive, especially for the sportsbook side.
Ive used DraftKings, FanDuel, and BetMGM so far... I have been taking advantage of all these specials each site has been offering. Been doing pretty damn well also. I really like the cleanliness of BetMGM's layout also. DraftKings is a bit muddled but it works... My only 2 complaints with DraftKings is the social features and the stats/injuries. They could both use upgraded.
