This company is profitable and has a huge upside in online gambling.Online gambling is growing rapidly, but it hasn't been profitable long-term and it's not clear if DraftKings (DKNG -1.23%) will change that trend. But there's a way to get a profitable gambling business with upside in online gambling, which Travis Hoium highlights in this video.*Stock prices used were end-of-day prices of April 9, 2024. The video was published on April 10, 2024. ...

The latest trading session saw DraftKings (DKNG) ending at $45.54, denoting a +0.07% adjustment from its last day's close. This change lagged the S&P 500's 0.15% gain on the day. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.32%.Shares of the company witnessed a gain of 9.35% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0.89% and the S&P 500's gain of 1.65%.The upcoming earnings release of DraftKings will be of great interest to ...

Some of the sports betting world’s biggest players have reportedly turned their sights on Brazil.Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America’s largest economy and its new, and regulated, online gambling market, Bloomberg News reported Wednesday (April 3).The report noted that Brazil — with a population of around 200 million — has emerged as one of the world’s top 10 betting markets since it began relaxing its online gambling laws in 2018. The country cou ...

Despite rallying 130% in the past year, DraftKings still has plenty of upside ahead.DraftKings (DKNG -0.78%) has been on a hot streak with the stock more than doubling in the past year. The company has rapidly expanded as more and more U.S. states legalize online sports betting.Given the stock's strong performance, is it is too late to invest in this leader in the online sports betting industry?Potential to get into more statesThe biggest tailwind for DraftKings has been the gradual rollout of online sports ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 recommendation (ABR) of 1.27, ...

The latest trading session saw DraftKings (DKNG) ending at $47.20, denoting a -1.56% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, added 0.17%.The company's shares have seen an increase of 17.41% over the last month, surpassing the Consumer Discretionary sector's gain of 3.33% and the S&P 500's gain of 5.34%.The investment community will be closely monitoring the performance of DraftKings in its fo ...

Online betting firm Rush Street Interactive is reportedly considering a sale, among other strategic options.The company’s representatives have approached potential buyers, Bloomberg reported Thursday (March 21), citing unnamed sources.Rush Street Interactive did not immediately reply to PYMNTS’ request for comment.One of the potential buyers approached by the representatives is DraftKings, according to the report. A spokesperson for DraftKings told Bloomberg that the company often talks with other companies ...

BOSTON and CHATTANOOGA, Tenn., March 21, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) today announced an expanded relationship with Kindbridge Behavioral Health ("Kindbridge") to provide access to therapy and treatment for problem gaming in every jurisdiction where DraftKings operates its online sportsbook and iGaming products. DraftKings and Kindbridge, a pioneering mental health service provider dedicated to supporting individuals facing challenges related to problem gaming, originally joined fo ...

I went to the Bahamas with some friends this past weekend to celebrate an engagement. As is often the case with twenty or so guys on a trip near a casino, gambling occurred. Personally, I am not a big gambler, but I was admittedly tempted to hit the blackjack table. However, it occurred to me that there is a reason that companies such as MGM Resorts (MGM) , Wynn Resorts (WYNN) , and Las Vegas Sands (LVS) have billion-dollar properties and have made investors billions – the house has an edge over the long t ...

Scott Olson Last March, I started coverage of DraftKings (NASDAQ:DKNG), saying the opportunity in front of DKNG was evident, but the stock was speculative until it could show positive EBITDA and free cash flow. More recently, I upgraded the stock to "Buy" in November, saying the company was demonstrating that its outer-year targets are not only achievable but also beatable. With the company reporting results last month and management recently attending an investor conference, let's catch up on the name. Q4 ...