The widespread legalization of sports betting has plenty of investors scrutinizing the sector as a growth play, especially amid the NFL season. In today's news, Flutter Entertainment PLC (NYSE:FLUT) lifted its revenue guidance, forecasting $21 billion in revenue by 2027, and announced a $5 billion share buyback plan. The stock is on the rise in response, taking DraftKings (NASDAQ:DKNG) stock with it, as both stand to gain from the former's success. Flutter Entertainment stock is gapping to fresh record high ...

Football Season is officially back, and soon, the NBA will return once again to what is sure to be another exciting year in the league. Why do we care about this? With sports comes betting, and one particular company is looking to Follower of the markets. My investment style is mostly looking for asymmetrical risk/reward opportunities on the long and short side. I utilize a mixture of stock and derivatives positions in my investment approach. The time horizon of my investments varies.For some more investmen ...

These top stocks could turbocharge your investment returns. Growth stocks can generate sizable gains for their shareholders. The challenge, of course, is knowing what stocks to buy -- and when to buy them. If you have some money you'd like to invest in this wealth-building asset class -- that you don't need for living expenses or to pay off debt -- read on to learn about two great growth stocks. You can buy shares in both companies for less than $100 today. Growth stock to buy No. 1: DraftKings Profitable i ...

DraftKings (DKNG) closed the latest trading day at $38.24, indicating a +1.16% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.13% for the day. Meanwhile, the Dow experienced a rise of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.52%. Shares of the company witnessed a gain of 10.72% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 9.35% and the S&P 500's gain of 3.67%. The investment ...

Sportsbooks operators such as DraftKings Inc DKNG could stand to benefit with the 2024 National Football season underway and another week of favorable outcomes for sportsbooks in the second week of games. The DraftKings Analyst: Needham analyst Bernie McTernan reiterated a Buy rating and $60 price target on DraftKings after the second week of the NFL season. Read Also: Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here's How Much $100 Bet Could Pay If History Is Made The Analyst Takeaways: Sp ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? 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 recommen ...

DraftKings Company Overview Zacks Rank #3 (Hold) stock DraftKings ((DKNG) is an internet-based betting app that allows users to bet on sports in regions where it is permitted. DraftKings also offers a fantasy sports segment where users can assemble teams of real players and earn points based on how those players perform in actual games. On DraftKings you can bet on anything from obscure sports like cycling and cricket to mainstream sports like football and basketball. FanDuel and DraftKings are Sports Betti ...

The sports betting company's business is still growing, even four years after it's set up shop in a given state. With sports betting now legal in 38 states, it's easy to presume DraftKings' (DKNG 2.85%) highest-growth era is in the past. DraftKings' fantasy sports is offered in all of them (plus a few more), while its sportsbook app is available in 25 of them. More states are apt to legalize sports-based wagering, but that could take more time and effort than was needed to get the first 38 on board. Such an ...

Sports betting legalization is sweeping the NFL, so keep an eye on PENN and DKNG The NFL season kicked off just last week, already providing sports bettors with some upsets. The American Gaming Association expects $35 billion in wagers this season amid the widespread legalization of sports betting, drawing the attention of plenty of investors. With this in mind, we're checking in with two heavy hitters in the sports betting industry: DraftKings Inc (NASDAQ:DKNG) and Penn Entertainment Inc (NASDAQ:PENN). PEN ...

Online betting is a large and fast-growing business: as of 2023 the U.S. online gambling market was estimated to have revenue of around $11 billion, with an industry-wide compound annual growth rate through 2030 of an impressive 12%. The majority of American adults (55%) participated in at least one form of gambling in the last year and placed around $120 billion in legal sports bets. And online betting is increasingly popular as it becomes widely legalized throughout the U.S. With so much potential for gro ...