Why DraftKings Rocketed 209% in 2023, and What's in Store for 2024

The stock of DraftKings (DKNG 0.91%) certainly divides investors. The online sports betting company has been a favorite of "disruptive growth" investors like Cathie Wood, but it also once garnered the skepticism of short-sellers like Jim Chanos. While the stock is still more than 50% below its 2021 all-time highs, 2023 was a year for the DraftKings bulls, with the stock soaring over 209% and becoming one of the best stocks in the market last year.The question now is: What accounts for DraftKings' improvemen ...