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Battle of the stocks: 2 Sports Gambling StocksThis summary was created by AI, based on 4 opinions in the last 12 months.
DraftKings (DKNG-Q) is currently facing both opportunities and challenges in the sports betting market. While it enjoys strong fundamentals and a good strategic partnership with Delta, there's an underlying concern due to a significant portion of the US still prohibiting sports gambling. Despite the competitive landscape and expert opinions on the saturation of the industry, DKNG has demonstrated its ability to boost customer engagement, particularly with parlay betting. Historically, the stock tends to perform well during the NFL season, making it a potential tactical investment. However, some experts caution against viewing it as a long-term hold, suggesting a more short-term focus given the prevailing market dynamics.
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.
DraftKings is a American stock, trading under the symbol DKNG-Q on the NASDAQ (DKNG). It is usually referred to as NASDAQ:DKNG or DKNG-Q
In the last year, 4 stock analysts published opinions about DKNG-Q. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for DraftKings.
DraftKings was recommended as a Top Pick by on . Read the latest stock experts ratings for DraftKings.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered DraftKings In the last year. It is a trending stock that is worth watching.
On 2025-04-01, DraftKings (DKNG-Q) stock closed at a price of $33.19.
Enjoys the same tailwinds, and a duopoly, with Flutter whom they trail in market share. Has pulled back hard from highs.