BOSTON, Jan. 23, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its fourth quarter and full year 2024 results after the close of market trading on Thursday, February 13, 2025. DraftKings will host a conference call and audio webcast the following morning, Friday, February 14, 2025, at 8:30 a.m. ET, during which management will discuss the Company’s results and provide commentary on business performance. To listen to the audio webc ...

The $112 million Mega Millions jackpot marks the largest win ever on a lottery courier app NEW YORK, Jan. 18, 2025 /PRNewswire/ -- Just three weeks into 2025, Mega Millions® has already crowned its first jackpot of the year. A $112 million winning ticket was ordered using Jackpocket, America's No. 1 lottery courier app*. The lucky winner ordered the ticket in Arizona and matched all six numbers drawn Friday night: the white balls 8, 10, 37, 54 and 69 plus the gold Mega Ball 22. "This is a transformative mom ...

The latest trading session saw DraftKings (DKNG) ending at $39.83, denoting a +0.86% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.86%, while the tech-heavy Nasdaq lost 0.38%.The company's stock has dropped by 0.98% in the past month, exceeding the Consumer Discretionary sector's loss of 5.64% and the S&P 500's loss of 2.2%.The upcoming earnings release of DraftKings will be of great interest to investors. The compan ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about DraftKings (DKNG) .DraftKings currently has an average brokerage ...

Tom Yeung here with your Sunday Digest. When I started my career years ago in corporate finance, I quickly realized that December was always a time of big spending for us.  Departments at my employer rushed to buy what they needed because our comptroller had an old-fashioned “use it or lose it” mentality. Department heads who used their entire budgets would get that figure renewed the following year, while spendthrift ones risked getting their future allocations cut. Only after moving to Wall Street did I r ...

The S&P 500 (^GSPC -1.54%) had a great run in 2024, rising 25%. But some growth stocks didn't fare as well, even as the underlying businesses continued to grow. Here are two stocks that Wall Street is overlooking that could be ready to advance in the new year.1. RokuRoku (ROKU -4.59%) has seen its stock price fall well off its highs over the last three years. Still, the company continues to grow the number of households on its platform at double-digit rates, and management is starting to focus on improving ...

While many stocks look expensive, these three are all great values at less than $100 each.The S&P 500 set one all-time high after another in 2024. The benchmark index ended the year up 23%, and that comes on the back of a great 2023 when the index climbed 24%. But for many stocks, prices have climbed faster than improvements in the underlying fundamentals. Investors wouldn't be incorrect to think equities are expensive right now.But even in an expensive market, there are still opportunities for investors. W ...

For in-depth and deep dive research on the casino and gaming sector, subscribe to The House Edge . New: Free excerpts from our book in progress "The Smartest ever Guide to Gaming Stocks" - free to existing members and new subscribers.Howard Jay Klein has 30 years of experience as an executive and consultant in major casino operations. His background includes: Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace in Las Vegas. He is a value investor first, using management quality to inform his investment ...

Subscription Service and Market Strategy - DraftKings is testing a $20-per-month subscription service in New York, offering customers up to a 100% profit boost on winning parlays [1] - The service aims to enhance customer experience by creating more excitement and value in parlay offerings [2] - New York is a key test market due to its strong performance in online gambling and high sports betting tax rate of 51% [2] - The company has refined promotional strategies in high-tax states to target lower-value customers more efficiently [3] Growth Challenges and Customer Retention - DraftKings faces challenges from increasing competition and unpredictable customer acquisition costs [4] - The company focuses on managing promotional spending efficiently while attracting and retaining high-value customers [4] - Reactivation strategies include CRM and retargeting treatments, as well as event-driven activations during big moments [5] Industry Trends and User Experience - The online gaming industry is booming, driven by companies like DraftKings and the rise of digital poker and online casinos [5] - Enhancing user experience, particularly in the payout process, is critical for retaining players [6] - 79% of gamblers prefer instant payouts, but less than half of players currently have access to them, highlighting a gap between expectations and reality [6]

Subscription Service Launch - DraftKings is testing a new subscription service called DraftKings Sportsbook+ which offers paying customers enhanced odds on winning parlays [1] - The service costs $20 per month and launched on Dec 28 for select customers in New York [2] - The subscription provides up to a 100% profit boost on winning parlays with boosts ranging from 10% for a two-leg parlay to 100% for an 11-leg parlay [2] - The maximum eligible bet is $25 [2] Market and Tax Considerations - New York is a strong testing ground for DraftKings as it is one of the top performing markets for online gaming [2] - Sports wagering taxes in New York are 51% tied with New Hampshire for the highest rate [3] - DraftKings previously announced it would add a small tax to customers in states with multiple operators and a tax rate over 20% but reversed course in August [3] Industry Impact and Strategy - DraftKings appears to be the first US operator to launch a subscription service in the sports betting industry [4] - Parlays are a profitable and growing area for sportsbooks [4] - The subscription service aims to enhance the fan experience by creating more excitement and value for parlay offerings [4] User Engagement and Expansion - DraftKings is offering the first month free with the subscription kicking in afterward [5] - The service is currently only available in New York but the company will consider expanding to other states [5]