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DraftKings benefits from a ‘gift that keeps on giving.' Its stock has a new fan.
Market Watch· 2024-02-23 13:55
A roughly 10% pullback in DraftKings Inc.’s stock following last week’s earnings report makes for an “attractive” entry point, according to one analyst. Barclays’ Brandt Montour upgraded the stock to overweight from equal weight Friday, writing that the online-gambling company has an “underappreciated” position in the iGaming business as well as ample opportunity to capitalize on sports-betting traction.DraftKings shares DKNG, +0.22% were up 3% in Friday’s premarket action. See also: Why DraftKings bulls ar ...
Why DraftKings made $8 million and BetMGM lost nearly $5 million on Super Bowl bets in New York
Market Watch· 2024-02-20 21:11
The New York Gaming Commission just released numbers showing how New York-based sportsbooks performed during the recent Super Bowl, and the most surprising revelation is how much better one of the biggest sportsbooks did than one of its rivals.DraftKings DKNG, -7.29% made $8.8 million in revenue from $52.3 million in Super Bowl bets, while BetMGM MGM, -0.42% lost $4.8 million after taking in $10.8 million in bets.The biggest sportsbooks had the San Francisco 49ers winning the game against the Kansas City Ch ...
DraftKings Inc. (DKNG) CEO Jason Robins Presents at Goldman Sachs 2022 Travel and Leisure Conference (Transcript)
2022-06-06 17:13
DraftKings Inc. (NASDAQ:DKNG) Goldman Sachs 2022 Travel and Leisure Conference June 6, 2022 10:40 AM ET Company Participants Jason Robins - Co-Founder and Chief Executive Officer Conference Call Participants Stephen Grambling - Goldman Sachs Stephen Grambling All right. We are going to kick off our next session here with DraftKings and in many ways our next guest needs no introduction. We're rapidly running through these firesides. So please join me in welcoming Jason Robins, Chief Executive Officer and Cha ...