Here’s Why Brown Advisory Mid-Cap Growth Strategy Initiated a Position in DraftKings (DKNG)

Core Insights - Brown Advisory Mid-Cap Growth Strategy underperformed its benchmark, the Russell Midcap® Growth Index, which increased approximately 3% in Q3 2025 [1] Company Performance - DraftKings Inc. (NASDAQ:DKNG) had a one-month return of 17.41% but lost 13.58% of its value over the last 52 weeks, closing at $34.05 per share on December 17, 2025, with a market capitalization of $16.949 billion [2] - In Q3 2025, DraftKings Inc. generated $1.144 billion in revenue, representing a 4% year-over-year growth [4] Investment Strategy - The strategy initiated a position in DraftKings Inc. to gain exposure to the growing online sports betting and iCasino markets, where it holds a strong duopoly with FanDuel, expecting this position to support expanding unit economics and faster growth as more states legalize online wagering [3]