Core Viewpoint - DraftKings Inc. (DKNG) has shown strong stock performance and growth potential, driven by customer acquisition and innovative product offerings in the online gaming sector [1][5][16]. Stock Performance - DKNG stock has increased by 17.6% over the past six months, outperforming the gaming industry's 11% growth and the S&P 500's 8.7% rise [1]. - As of the latest close, the stock was priced at $41.30, below its 52-week high of $53.61 and above its 52-week low of $28.69 [2]. Customer Acquisition - The company added 3.5 million users in fiscal 2024, resulting in a total customer count of 10.1 million, a 42% year-over-year increase [5]. - Revenue grew by 30%, while adjusted operating expenses only increased by 5%, indicating strong operating leverage [5]. Growth Outlook - DraftKings expects revenue for 2025 to be between $6.3 billion and $6.6 billion, reflecting a year-over-year growth of 32-38% [9]. - Adjusted EBITDA is projected to be between $900 million and $1 billion for the same period [9]. Earnings Projections - Earnings per share are expected to reach $1.41 in 2025, representing a 234.3% year-over-year increase, with further growth anticipated to $2.14 per share in 2026 [11][12]. Market Position and Strategy - DraftKings is positioned to capture significant market share in the expanding real-money online gaming industry, with a focus on live betting and international expansion [7][8]. - The company is investing in new features for its Sportsbook and iGaming products, including in-house player prop bets and progressive parlays [10][16]. Valuation - DKNG is currently trading at a premium compared to the industry, with a forward 12-month price-to-sales ratio of 3.05 [14]. Investment Consideration - The company showcases strong growth potential, disciplined expense management, and strategic investments, making it an attractive option for investors in the digital sports betting and iGaming sectors [16][17].

Core Insights - DraftKings Inc. is reinforcing its commitment to Responsible Gaming through various initiatives during Problem Gambling Awareness Month, including the renewal of its State Council Funding Program and the launch of a national advertising campaign [1][6] State Council Funding Program Renewal - The State Council Funding Program, launched in 2022, has provided over $2 million to state councils and affiliates of the National Council on Problem Gambling to support educational campaigns and resources [3] - In 2025, DraftKings will distribute over $500,000 to 34 U.S. state problem gambling councils, including states where it does not operate [3] My Stat Sheet Impact - My Stat Sheet, launched in 2024, offers players personalized insights into their gaming behavior, with nearly half of all DraftKings players visiting the tool and a total of 13 million unique visits [4] - The tool provides detailed views of players' gaming activities, promoting reflection and responsible play [4][5] National Responsible Gaming Advertising Campaign - DraftKings is launching a national Responsible Gaming advertising campaign with a commitment of over $10 million, emphasizing the importance of setting limits and making informed choices [6] - The campaign is developed with branding support from the NFL and NBA and aims to reach millions of viewers during NCAA basketball tournaments [6] Additional Responsible Gaming Tools - DraftKings offers a suite of Responsible Gaming tools, including deposit and wager limits, alerts, cooling-off periods, and self-exclusion options [7] - The company has supported various initiatives across different states to enhance resources and education for problem gambling [7]

Shares of DraftKings Inc (NASDAQ:DKNG) were last seen down 3.9% at $39.99, after the sports betting giant closed on its senior secured Term Loan B credit facility for an increased $600 million -- up from the initially announced $500 million on the heels of higher demand.The stock is now trading below its 126-day moving average, after spending a considerable amount of time above it. Specifically, DKNG had traded north of this trendline 80% of the time in the past two months and in eight of the last 10 sessio ...

BOSTON, March 04, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it has successfully closed on its senior secured term loan B credit facility in an aggregate principal amount of $600 million (the "Term Loan B"). The size of the Term Loan B was increased from the previously announced $500 million aggregate principal amount due to strong demand. The Term Loan B will mature in March 2032 and has an interest rate equal to the Secured Overnight Financi ...

Core Insights - DraftKings Inc. will have its CEO Jason Robins participate in the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2025, at 3:20 PM ET [1] Company Overview - DraftKings Inc. is a digital sports entertainment and gaming company founded in 2012, headquartered in Boston, and co-founded by Jason Robins, Matt Kalish, and Paul Liberman [2] - The company operates as the only U.S.-based vertically integrated sports betting operator, offering products in daily fantasy, regulated gaming, and digital media [2] - DraftKings Sportsbook is operational in 28 states, Washington D.C., and Ontario, Canada, while iGaming is available in five states and Ontario under the DraftKings brand [2] - The company also owns Jackpocket, the leading digital lottery app in the U.S., and its daily fantasy sports product is accessible in 44 states and certain Canadian provinces [2] - DraftKings has partnerships with major sports leagues, including the NFL, NHL, PGA TOUR, WNBA, UFC, NBA, and MLB, enhancing its market presence [2] - The company is committed to responsible gaming, providing educational resources and tools for players [2]

DraftKings (DKNG) closed the last trading session at $44.27, gaining 7.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $57.16 indicates a 29.1% upside potential.The average comprises 31 short-term price targets ranging from a low of $35 to a high of $68, with a standard deviation of $7.44. While the lowest estimate indicates a decline of 20.9% from the current price level, the m ...

Core Viewpoint - DraftKings (DKNG) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Estimate Revisions - Analysts have expressed growing optimism regarding DraftKings' earnings prospects, as evidenced by the upward trend in estimate revisions, which typically correlates with stock price movements [2]. - For the current quarter, DraftKings is expected to earn $0.25 per share, reflecting a remarkable increase of +183.33% compared to the same period last year. The Zacks Consensus Estimate has risen by 10.35% over the past 30 days [4]. - For the full year, the earnings estimate stands at $1.51 per share, representing a substantial change of +243.81% from the previous year. The consensus estimate has increased by 80.32% due to three upward revisions against one downward revision in the past month [5]. Zacks Rank - The favorable estimate revisions have led DraftKings to achieve a Zacks Rank 2 (Buy), indicating strong potential for outperformance compared to the S&P 500 [6]. - Historically, stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance, with Zacks 1 stocks averaging an annual return of +25% since 2008 [3][6]. Investment Outlook - DraftKings has experienced a 10.2% increase in stock price over the past four weeks, driven by strong estimate revisions, suggesting that there may still be further upside potential for investors [7].

Group 1 - DraftKings (DKNG) is a notable stock in the Consumer Discretionary sector, which consists of 265 individual stocks and ranks 4 in the Zacks Sector Rank [2] - DraftKings has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for its full-year earnings increasing by 81.2% over the past 90 days [3] - Year-to-date, DraftKings has gained approximately 22.5%, significantly outperforming the average return of 10.2% for the Consumer Discretionary sector [4] Group 2 - The Gaming industry, which includes DraftKings, has 39 individual stocks and currently ranks 36 in the Zacks Industry Rank, with an average gain of 1.8% this year [5] - Fox Corporation (FOX), another stock in the Consumer Discretionary sector, has also outperformed the sector with a year-to-date increase of 15.9% and holds a Zacks Rank of 1 (Strong Buy) [4][5] - The Broadcast Radio and Television industry, to which Fox Corporation belongs, ranks 67 and has seen a gain of 12.2% this year [6]

Group 1 - The article emphasizes the importance of in-depth research in the casino and gaming sector, highlighting the availability of resources such as "The Smartest ever Guide to Gaming Stocks" for both existing members and new subscribers [1] - Howard Jay Klein, with 30 years of experience in major casino operations, leads an investing group called The House Edge, focusing on actionable research in the casino, online betting, and entertainment industries [2] - Klein's investment strategy is centered around value investing, utilizing management quality as a key factor in informing investment decisions [2]

Core Viewpoint - DraftKings is positioned for strong growth in 2025, supported by positive fourth-quarter results, a transition to profitability, and favorable market conditions [1][4][5]. Financial Performance - DraftKings reported a 37% year-over-year growth in monthly unique payers in the fourth quarter, indicating strong customer acquisition and engagement [3]. - The company achieved a full year of positive adjusted EBITDA and free cash flow, highlighting its financial health [2]. Analyst Ratings and Price Targets - Macquarie analyst Chad Beynon maintained an Outperform rating and raised the price target from $50 to $60 [1]. - Needham analyst Bernie McTernan reiterated a Buy rating and increased the price target from $60 to $65 [1]. Market Position and Strategy - DraftKings is viewed as the best large-cap play in the US online market due to its first-mover advantage, strong brand recognition among younger demographics, and superior technology [2]. - The company has a sustainable customer acquisition strategy that is expected to maintain its leading position in all states [8]. Future Outlook - Analysts expect DraftKings to achieve double-digit revenue growth and potentially double adjusted EBITDA by 2027 [5]. - The company is anticipated to benefit from lower promotional activity, improved hold rates, and additional state legalizations as catalysts for growth in 2025 [3][7]. Stock Performance - DraftKings stock has seen a 40% increase year-to-date in 2025, although it experienced a 5.3% decline to $50.64 recently [8].