Florida's sports betting market may be about to get a lot more interesting, with Hard Rock's chairman opening the door to partnerships with commercial sportsbooks. Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact following a hard-fought battle against Flutter-owned FanDuel, DraftKings and Penn Entertainment. The sportsbooks mounted a massive effort in 2021 to get sports betting legalized in the state, but failed. When asked about comments made by FanDuel ...

With the expansion of the sports betting industry, DraftKings has a lot of industry growth to benefit from these days. We're in the swing of what many would consider peak sports season. Both college football and the NFL are happening; college basketball, NBA, and NHL teams are beginning to practice again; and the MLB is in the middle of its playoff season. It's the time of year when seemingly every day offers a reason to sit on the couch and catch a game. This time of year also means that sports betting is ...

In the latest market close, DraftKings (DKNG) reached $38, with a +0.88% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%. Shares of the company have appreciated by 9.89% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 3.63% and the S&P 500's gain of 1.25%. The investment community will be paying close attention to the earnin ...

Shares of DraftKings Inc. (DKNG) showcased outstanding performance in the past month, significantly outperforming the Zacks Gaming industry and the S&P 500. The company is benefiting from an increase in new online sportsbook and iGaming customers as well as improved product offerings. In the past month, DKNG stock moved up 13.6% compared with the industry's 6.7% gain and the S&P 500's 2.1% increase. As of Monday, the stock closed at $39.20, below its 52-week high of $49.57 but well above its 52-week low of ...

DraftKings Inc. NASDAQ: DKNG is best known for its online and mobile sports betting app, especially as the 2024 National Football League (NFL) season is underway. There are lots of mobile sports betting apps from competitors in the consumer discretionary sector like Flutter Entertainment plc NYSE: FLUT, FanDuel, MGM Resorts International NYSE: MGM, MGM Bet and PENN Entertainment Inc. NASDAQ: PENN, ESPN Bet. However, DraftKings is especially entrenched when it comes to the NFL and Major League Baseball (MLB) ...

Most investors are simply underestimating just how well this company could perform for the foreseeable future. This is a tricky time to be an investor. Stock valuations are uncomfortably high, yet the Federal Reserve's recent 0.5 percentage point interest rate cut suggests the U.S. economy needs help. It certainly doesn't seem as though this would be the right time to dig in deep with new positions. There may be some exceptions to this line of thinking though. Online sports betting company DraftKings (DKNG ...

Washington, D.C.--(Newsfile Corp. - September 26, 2024) - The Securities and Exchange Commission today charged DraftKings Inc. with selectively disclosing material, nonpublic information to investors who followed or otherwise viewed the company CEO's social media accounts without disclosing that same information to all investors, in violation of Regulation Fair Disclosure (FD). DraftKings agreed to pay a $200,000 civil penalty to settle the SEC's charges. The order finds that, on July 27, 2023, at 5:52 p.m. ...

DraftKings (DKNG) shares ended the last trading session 5% higher at $41.10. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.8% gain over the past four weeks. DraftKings' rally is likely driven by positive investor sentiment following the optimistic guidance from Flutter Entertainment. Since both companies operate in the online sports betting and iGaming sector, Flutter's favorable outlook is resonating across t ...

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 ...