Investors will be eagerly watching for the performance of DraftKings in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.02, marking a 111.76% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.11 billion, showing a 27.43% escalation compared to the year-ago quarter. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near f ...

This report provides an overview of the gambling and betting sector across the Americas region. It explores all the main active brands in the sector as well as details the movement in the sector over the last few years in the sports sponsorship industry. American gambling and betting brands dominate the sports sponsorship spend across the Americas. Gambling and betting brands with headquarters in the Americas region acquired 383 deals, accumulating to over $1 billion in annual value. BetMGM are the most act ...

The WFA had claimed that online Florida sports betting should not have been approved by the Department of Interior because the betting does not physically take place on tribal land. This is a huge positive for DraftKings, as other states, such as New Mexico, Washington and Wisconsin, could "expand upon those agreements and let the recognized tribal gaming nations in those states operate online sports betting across the state." The 5 Biggest Buyers of DKNG Stock Hedge funds, a subset of 13F filers, were also ...

DraftKings (NASDAQ:DKNG) is a thriving business, but that comes with a cost as some state-level legislators want a piece of that delicious fiscal pie. No worries, though, as DraftKings can still continue to succeed as a business enterprise and DraftKings stock has mega-rally potential. Just a moment ago, I alluded to legislators wanting a piece of the financial pie from the sports-betting industry. This is definitely happening in Illinois, where state senators recently approved a budget for 2025. DraftKings ...

Loading... Loading... Needham analyst Bernie McTernan reiterated DraftKings Inc DKNG with a Buy and a $60 price target. The analyst noted DKNG as a leader in the emerging North American online gambling market, which is a $35 billion market opportunity. McTernan said the legislative environment overall supports greater market access, which is a win-win for consumers and states. Also Read: DraftKings Q1 Earnings Highlights: Sportsbook Posts Revenue Beat, EPS Beat, Raises Revenue, EBITDA Guidance He noted an u ...

Conclusion DraftKings is expected to post earnings of $0.02 per share for the current quarter, representing a year-over-year change of +111.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -33.3%. The consensus earnings estimate of -$0.21 for the current fiscal year indicates a year-over-year change of +87.9%. This estimate has changed -5.7% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $0.86 indicates a change of +508.6% from what DraftKings is expec ...

Taxes could crush DraftKings' improving business. DraftKings (DKNG 1.11%) stock has been hit by news that Illinois could be raising taxes, and that may undermine the company's financial upside. As Travis Hoium discusses in this video, taxes may continue to be a headwind for online gaming companies long-term. *Stock prices used were end-of-day prices of June 3, 2024. The video was published on June 3, 2024. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Although the shares climbed over the last year, the company's best days still could be ahead. DraftKings (DKNG -10.29%) has been a great stock to own over the past year, with the stock up over 55% during that period. However, it's not hard to imagine that the best days are still ahead for the company and its shareholders. The stock has always been a play on states' continued legalization of online sports and casino betting. This has steadily played out, with Vermont and North Carolina the latest to legalize ...

Topline Bets on sports betting giants came up short Tuesday, as shares of gambling market dominators DraftKings and FanDuel tanked as Illinois closed in on a significant increase on the tax rate facing the companies' operations in the state. Tuesday was an icy day for DraftKings investors. Getty Images Key Facts DraftKings stock nosedived 11% and U.S.-listed shares of FanDuel parent Flutter Entertainment tanked 7% in Tuesday trading, moving against the tech-heavy Nasdaq stock index's modest gain. The stock ...