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Battle of the stocks: 2 Sports Gambling Stocks
Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

DraftKings (DKNG) is seen positively by some experts due to its strong fundamentals and expanding market in a predominantly regulated sports betting environment. The company has effectively increased parlay use among its customers and recently entered a partnership with Delta, which could enhance its visibility and market reach. Despite a portion of the U.S. still restricting sports betting, there was a year-over-year increase in iGaming customer counts, suggesting potential for further growth. Additionally, historical trends indicate that the stock performs well during the NFL playoffs, making it an attractive short-term investment for traders. On the flip side, some experts express concerns regarding the morality of sports gambling, suggesting that the industry may face obstacles such as saturation and potential losses for companies involved, making it a contested sector.

Consensus
Mixed
Valuation
Undervalued
BUY ON WEAKNESS

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

BUY

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.

SELL

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.

TOP PICK

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.

(Analysts’ price target is $49.30)
WAIT

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

BUY

He recommended this where shares were worth half. Taylor Swift is attracting new female fans to the NFL and to betting, so that's a tailwind. However, the PE is no longer cheap.

BUY

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

WEAK BUY

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

BUY

The spend on sports betting remains significant.

BUY
He likes the gambling stocks, certainly more than cryptos. Shares are cheap.
HOLD
They're in a battle for market share. You will suffer until they win--and he believes DKNG will.
BUY ON WEAKNESS
Allan Tong’s Discover Picks With its app, DK is one of the leaders of online sports betting along with Fan Duel. DK commands roughly a 32% market share in terms of app downloads. The app was a hit during Covid lockdowns. (In fact, the app launched in April 2020.) Shares topped at $73 in March 2021, but have since plunged to $20. Is DK a buying opportunity? Read Battle of the stocks: 2 Sports Gambling Stocks for our full analysis.
WATCH
Down 30% YTD. He used to own these options. Sports betting is a very competitive space, because there's growth, but there are heavy costs to attract customers. He's watching this space. Wouldn't buy these stocks yet.
BUY
Major League Baseball has postponed the start of its season due to a lock-out of its players, but that's not a reason to sell DFNG. Despite an environment of rising rates, the top line is growing and DKNG is increasing market share. Accompanying the latter is a rise in ad spend. All good.
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DraftKings(DKNG-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for DraftKings is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

DraftKings(DKNG-Q) Frequently Asked Questions

What is DraftKings stock symbol?

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

Is DraftKings a buy or a sell?

In the last year, 3 stock analysts published opinions about DKNG-Q. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for DraftKings.

Is DraftKings a good investment or a top pick?

DraftKings was recommended as a Top Pick by on . Read the latest stock experts ratings for DraftKings.

Why is DraftKings stock dropping?

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.

Is DraftKings worth watching?

3 stock analysts on Stockchase covered DraftKings In the last year. It is a trending stock that is worth watching.

What is DraftKings stock price?

On 2025-03-14, DraftKings (DKNG-Q) stock closed at a price of $37.87.