Jim Cramer - Mad Money DraftKings DKNG-Q BUY Feb 02, 2024

The spend on sports betting remains significant.

Has a very good product and he likes it, but wants to see them operating in more states.

Shares have been on fire. You want to own this heading into football season. It was upgraded today. The CEO is delivering.

Wait until they report on May, because shares have gone up so much. Be cautious.

Historically, stock does well in football season from now until the Super Bowl. Not a long-term, core holding. Get in, make some $$, get out. Technical setup looks really nice. Seasonally strong period for sports betting. Leader in the industry. No dividend.

He feels sports gambling is awful. We should see losses in these gambling companies because of the lack of duty of care. There will be fewer gambling companies ahead since it is a saturated industry.

Great fundamentals, though a quarter of the US still bans sports betting. DKNG has done a good job increasing parlay use. Delta just announced a partnership--we'll see how that plays out. iGaming saw a 14% bounce last quarter in customer count YOY; it's small, but has a lot of room to expand. Overall, DKNG has a lot going for it, and it does well during the NFL playoffs. Also, shares are down a lot, so shares are cheap.

Enjoys the same tailwinds, and a duopoly, with Flutter whom they trail in market share. Has pulled back hard from highs.