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Football Season Could Massively Benefit This Stock
ZACKSยท 2025-09-16 16:15
Core Insights - The football season has begun, leading to increased excitement among fans and a surge in gaming operations for companies like DraftKings [1][10] - DraftKings has outperformed the S&P 500 in 2025, with a share price increase of approximately 15% compared to the S&P 500's 13% [2] - The company has reported record figures in revenue, net income, and adjusted EBITDA in its latest quarterly results [2][10] Financial Performance - DraftKings has maintained its current-year sales outlook, expecting to reach the upper band of previously announced guidance [8] - Monthly Unique Payers (MUPs) increased by 6% to 3.3 million, surpassing consensus estimates by over 25% [8][11] - The company has seen consistent quarterly sales growth, reflecting strong performance during the football season [4][10] Market Position and Growth - DraftKings operates mobile sports betting in 25 states and Washington, DC, covering approximately 49% of the U.S. population [12] - The company plans to expand its operations into Missouri and is actively seeking more regulatory approvals for future growth [12] - The stock has historically performed well during football seasons, driven by heightened interest in sports wagering and fantasy services [6][14]